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Overview of Hull’s property price trends
Hull stands out as an ideal investment destination. This is due to its competitive property prices.
Especially when compared to other cities in the UK. Below you can find out the property prices for different types of properties available in Hull. For an overall understanding before investing you need to know the average house price of the city of Hull.
The average cost of purchasing a property in Hull at this point in time is $144,000. If you compare then this amount is significantly lower than major cities in the UK. This element makes Hull a reasonably affordable location to invest.
Hull new homes are thoughtfully designed to build homes that cater to modern lifestyles, offering attractive features such as garden upgrades and deposit contribution schemes, while being ideally situated near educational institutions like the University of Hull and the Hull School of Art, and within walking distance of iconic landmarks like the Humber Bridge, with convenient access to surrounding areas such as East Riding of Yorkshire, New Waltham, and North East Lincolnshire.
Now have a look at the house prices of different types of properties.
Here’s a snapshot of the average property prices by type:
- Detached properties: £265,000
- Semi-detached properties: £164,000
- Terraced homes: £127,000
- Flats and maisonettes: £95,000
Below is the market share of Hull’s properties by price range.
| Property price range | Market share |
|---|---|
| under £50k | 1.2% |
| £50k-£100k | 18.2% |
| £100k-£150k | 27.1% |
| £150k-£200k | 21.4% |
| £200k-£250k | 11.5% |
| £250k-£300k | 8.1% |
| £300k-£400k | 7.9% |
| £400k-£500k | 2.6% |
| £500k-£750k | 1.4% |
| £750k-£1M | 0.4% |
| over £1M | 0.2% |
Investors can secure properties in prime locations. This is done with new homes in Hull strategically positioned near landmarks like the city centre and Hull Marina. These areas offer proximity to several amenities. They are even close to great transport links and excellent local schools.
Investing in new homes for sale at high yield areas like Liberty Rise offers a unique opportunity for savvy investors seeking properties near Hull’s key transportation hubs, including the Hull Paragon Interchange. This prime location not only attracts tenants with convenient commuter access but also showcases a selection of modern 3 and 4 bedroom homes that cater to growing families and professionals alike. With rising demand in the Hull and Beverley areas, the property market is proving increasingly fruitful for investors who aim to capitalize on the area’s vibrant growth and consistent rental yields.
Down below you will witness two of our properties in the Hull’s city centre. Do not forget to check them out.
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Exclusive New Build Property In Hull & Nearby Areas
The Merchant, Hull
One of the most versatile properties in 2024 is The Merchant. The property has a high quality of living rooms. The property tends to highlight a new modern standard for residential accommodation.
Above we discussed that some areas attract more tenants. Being centrally located, The Merchant is one of them. The Merchant is a level up to meet the growing demand for urban housing in Hull.
£128,103
£112,730
£776 pcm
8.3%
25%
Q3 2024
12%
- It serves as a lucrative opportunity for investors especially if you want to invest in Hull’s property market.
- All flats are designed to deliver strong rental returns.
- The Merchant comprises 29 stylish 1- and 2-bedroom apartments.
- This striking property conversion enhances Hull’s skyline and sets a new standard for residential living in the city.
- Tenants enjoy a prime location. The property is just moments from key amenities and attractions such as –
- Riverfront
- shopping centres
- Bars
- restaurants and cafes.
- The area boasts a wealth of cultural landmarks, including
- the Maritime Museum
- The Deep Aquarium
- The Ferens Art Gallery.
- Hull Station is only a five-minute walk from The Merchant. It provides seamless rail connections to destinations across the UK.
City Gate
Situated just 39 miles from Hull this property is a true gem. City Gate has been designed to cater to both investors and residents. It seeks a perfect combination of modern comfort and a culturally vibrant setting.
What sets it apart is its seamless fusion of cutting edge residential features with timeless historic allure. This makes it an ideal choice for short term stays. The property offers not only a stylish and practical living space. But also a lucrative investment opportunity for those looking to maximise returns.
£329,365
£319,475
£3,253 pcm
12.22%
20%
250 years
3%
- City Gate offers attractive yields especially suited for short-term lets.
- The development comprises 62 apartments spread across five levels.
- It showcases a sophisticated mix of dark brick, light brick, and hardwood accents.
- Balconies and tall windows ensure ample natural light.
- The property also includes-
- A5-star lobby
- Concierge service
- Private gardens
- Secure parking.
- High-standard living spaces and bedrooms.
- Bathrooms feature Italian tiles and top-range sanitaryware.
- Select fourth-floor apartments that have terraces.
- Premium gym with cardio and strength equipment.
Other Premium New Build Properties In The UK
Berkeley Square
This property is crafted to provide effortless urban living paired with a stunning waterfront backdrop. The project focuses on delivering a contemporary residential lifestyle. That too around one of the UK’s most vibrant and evolving cities.
It appeals to both investors and tenants. Especially those seeking premium quality housing in a thriving urban environment. Properties here at Berkeley Square Initial have a reservation fee of £5,000. This also offers special discounts on selected two and three-bedroom units.
£2,13,000
£2,02,350
£1,065 pcm
6%
25%
250 years
£5,000
- Located within 84 miles from Hull the property offers easy access to city amenities.
- Promises attractive yield rates, making it a valuable option for property investors.
- Initial reservation fee is set at £5,000, with special discounts on select two and three-bedroom units.
- Options available for both cash and mortgage purchases, with tailored income projections for passive income seekers.
Guildhall Gardens
Guildhall Gardens is a brand new residential project. It is positioned amidst the backdrop of rapid urban development. This property plays a significant role in addressing the growing need for premium housing.
Guildhall Gardens is perfectly suited for investors seeking lucrative opportunities in a fast-paced and evolving market. With a structured return the property also offers appealing options.
£1,18,450
£1,14,896
£766 pcm
8%
20%
250 years
3%
- It is structured to please a wide range of investors with accessible entry points.
- The high-quality residential conversion is in the affluent Winckley Square Conservation area in the PR1 postcode district.
- The site will provide 32 one bedroom apartments, and 3 two bedroom apartments.
- Guildhall Gardens will address the current shortfall of available rental properties in Preston and offer an extremely prosperous investment opportunity.
Hull’s Strong Rental Yields
Hull’s rental market has garnered attention for its hassle free potential to generate strong rental income. There is a noticeable rise in the rental yield within the city. With average monthly rents in Kingston upon Hull increasing to £614.
This means there is a 8.5% rise from last year. With these data it is clear that Hull is a hotspot for buy to let investors aiming for steady cash flow. These stats are from the reports of ONS as of October 2024.
This rising demand is further bolstered by the city’s excellent transport links plus higher education institutions and access to free museums. Such as the Maritime Museum and the Museum Quarter.
Here’s a breakdown of current rental averages by property size in Hull:
- One-bedroom homes: £439
- Two-bedroom homes: £545
- Three-bedroom homes: £655
- Four or more bedrooms: £881
For property types, the averages are:
- Flats and maisonettes: £496
- Terraced homes: £605
- Semi-detached properties: £653
- Detached homes: £856
The combination of rising rents and Hull’s relatively low property prices makes it a perfect destination for investors. Especially those who are focusing on new build properties in Hull.
The city offers dream properties that cater to students and professionals alike. They ensure consistent demand. Areas like Old Town with its cobbled streets and access to independent shops.
This also includes the areas of East Riding. They are known for their picturesque farmland and market towns. Plus they tend to offer diverse rental opportunities.
Regeneration projects in the city centre and neighborhoods near train stations make Hull easily accessible. It attracts both commuters and locals. The area has a variety of modern living spaces with convenient access to high street stores.
They also have fine dining and the Hull School. These features will make it remain in high demand among tenants.
Conclusion
Compared to other UK cities Hull is a vibrant city with growing economic activity and thriving communities. The ongoing regeneration efforts in the East Riding of Yorkshire add further momentum to property price growth. For investors seeking a balance of affordability, quality and growth potential then new build properties in Hull are a clear winner.
Hull is a vibrant city that combines affordability plus modern amenities and growth opportunities. It makes it a prime location for property investment. The new build properties in Hull are situated near landmarks like Hull Marina and the Hull city centre.
They offer a unique blend of contemporary living and accessibility. With proximity to excellent local schools plus train stations, and great transport links. These properties cater to growing professionals and students alike. While areas like the Old Town with its cobbled streets, and the East Riding of Yorkshire with its picturesque farmland, provide diverse housing options for buyers and tenants.
The city also features free museums, such as the Maritime Museum and the Museum Quarter along with high street stores and independent shops. This enhances its cultural appeal. Hull’s new developments are particularly appealing for investors climbing the property ladder. These new homes in Hull are designed for modern living. They are located near several amenities. Offering easy access to fine dining and Art galleries
If You are looking for a dream home or a guaranteed buyer investment in the property market. Hull provides hassle-free options with good transport links and convenient access to surrounding North East Lincolnshire and nearby market towns.
For those considering new build homes Hull’s ongoing developments deliver strong rental yields and long term capital growth potential. With properties just a short drive or just minutes from cultural and business hubs.
Hull is a well served and easily accessible location that appeals to both residents and investors. Whether you are seeking bedroom homes for smaller units for tenants, Hull offers the perfect mix of affordability plus beautiful countryside and urban convenience.
Properties for sale in Hull, including the prestigious Jenny Brough Lane and Kirk Ella Village, provide investors with promising results. These areas, complemented by high street shops and Princes Quay’s bustling attractions, appeal to a diverse group of people, ensuring steady demand in a competitive world.
Now is the ideal time to explore what Hull offers—a city that seamlessly combines modern living, cultural richness, and robust investment opportunities.
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