Loft apartments offer rare opportunity in Bristol

Apartments in an historic city centre building have gone on the market, offering a home in the heart of Bristol at an affordable price. Starting at £150,000 for a two-bedroom apartment, Baldwin Lofts on Baldwin Street would be particularly attractive to investors looking for an excellent rental return.

Savills and Ocean Home have been appointed to market the 34 apartments, which are in walking distance of the University of Bristol, Harbourside, Temple Quay, Broadmead and Cabot Circus.

Ben Taylor, associate at Savills, said: “Opportunities like this are almost unheard of. At Baldwin Lofts, you can buy a five or six-bedroom property for what you might pay for a one-bedroom apartment on the harbour.

“This makes the development particularly attractive to landlords because the rents it commands are extremely favourable when compared to the mortgage repayments.”

In fact, the rental yield – what the landlord can expect as return on investment – could be as much as nine per cent, compared to a national average of 3.2 per cent.

Ross Keiran, director at Ocean Home, said: “The building itself is a stunning period property from the 1800s. Each apartment is ready to move into and the communal areas have just been refurbished. For people wanting to live in the thick of it, whether students or young professionals, this is an opportunity not to be missed.”

The apartments also have excellent public transport links with direct bus rides to the University of the West of England, Bristol Temple Meads and Aztec West. Some of Bristol’s liveliest music venues, arts facilities, cafes and bars are also on the doorstep.

Prospective purchasers can register their interest at Baldwinlofts.co.uk.