Winkworth plans South West expansion

Winkworth has expanded further in the South West of England with a new office opening in the Bishopston area of Bristol.

The franchise brand is aiming to capitalise on student demand and from purchasers relocating from London and other major cities. 

Winkworth Bishopston is the second office for joint franchisees Matthew Leonard and Lucy McIlroy, who run Winkworth’s office in Bath. 

The new office will focus on sales and lettings. 

Leonard said: “We have acquired a large rental portfolio and will be looking to grow this side of the business, with many landlords looking to buy in the area to extend their HMO portfolios. 

“For investors, the rental yield is really good while properties also grow in capital appreciation.  Bishopston has excellent potential in the sales market, with some very attractive family houses. 

“We will also be focusing on this market as the only national agent in the area with London offices, as demand continues from those looking to move from the capital as flexible working has become more popular. The city has a good balance for all ages and cultures, with lots of green spaces and is similar to London in many ways - but more relaxed and accessible.  

“The houses are cheaper for London buyers and they are able to get more for their money here. There is a significant level of development in and around the city which also offers opportunities for us.” 

Dominic Agace, chief executive of Winkworth, added: “Bristol is a leading relocation destination from London and other cities, with exceptional employment opportunities, high graduate retention, outstanding schools and an excellent lifestyle in a beautiful setting. 

“We are delighted to be supporting Matthew and Lucy, already successful franchisees with Winkworth, in their expansion with an office in a flourishing part of Bristol, where they will be able to offer their customers the benefits of links with our nationwide network of offices, including our substantial presence in London. It’s part of our policy to invest in successful franchisees  and help them grow further and we look forward to doing more in the future.”

Agace said Winkworth is looking to expand elsewhere in the South West region and would like to hear from property professionals who want to own their own business.