The Sunday Times have named the Gower as one of the best places to live in the UK and singled out Bishopston specifically as an ideal location – and it’s not hard to understand why.
The annual guide, now in its 5th year, said it looked at a range of factors including community spirit, exam results, broadband speed and the availability of local shops to judge where was best to live.
Bishopston’s proximity to award-winning beaches such as Rhossilli (only 30 minutes’ drive away), and family-friendly Langland and Caswell (only 10 minutes away), as well as Pwlldu (within walking distance) make it an enviable location for families of all ages.
There are many other beauty spots and eateries on Bishopston’s doorstep, and its local secondary school, Bishopston Comprehensive, has just been named the best in Wales. The Times ranked the school based on the number of pupils achieving A* and A grades in their GCSEs.
Only 6 miles from Swansea City Centre, it is an easy commutable location for those working in Singleton Hospital, Swansea University, or any number of establishments based in the county such as HSBC, VirginMedia, and JCP Solicitors in the Llansamlet Enterprise Zone.
House Prices in Bishopston
So does Bishopston make a good place to invest in? The average house price in Bishopston has rocketed by 22.93% in the last 5 years, far exceeding the UK national average house price growth. The average house price now worth just over £313,000.
The average asking rent in the area is only £875pcm, so buying a property as an investment in Bishopston doesn’t necessarily stack up in terms of yield (3.35%). However, quality family homes for rent in the area are in short supply, and families unable to buy are keen to snap up the ones that do become available.
With this boost in publicity, as well as the excellent standards of Bishopston Comprehensive School, we would expect prices to increase as families strive to move into the catchment area.
Bearing this in mind, perhaps investors should be looking at investing in Bishopston for the capital appreciation the area could offer a potential investment property – not to mention the uplift in rental income as demand outstrips supply. It won’t suit all investors, as most lenders wont entertain a yield so low, but for a cash buyer, a three bedroom family home in Bishopston could be a savvy investment for the future.
This lovely three bedroom family home on Copley Lodge, Bishopston, should easily achieve £850pcm, bringing in a yield of 4.6%. Click here to view the brochure on Zoopla.