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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.