Reasons to Invest in Hull Property TODAY
There’s never been a better time to take action than right now. This is especially the case where Hull property investments are concerned, as the points below show.
It’s the safe bet in a dangerous world
The property market in the UK has always been considered a safe bet. After all, your land and houses are rooted to the ground and can’t be taken away. However, markets in large southern cities now look to be showing signs of overheating. With unjustifiably high prices and low rental returns in London, Bristol and the like, it looks like that familiar old spectre of a property bubble is emerging. On the other hand, nothing could be further from the truth in Hull. Local housing stock is some of the cheapest in the country on average, and the rental returns on offer are the second best in the UK. Invest in this emerging city and you can rely on a safe and profitable return.
Hull offers the second best rental returns of any city in the UK
Just to emphasise an important point made above, only one UK city has better rental returns than Hull. Rental yields for the average Hull property stand at 7.81% per year according to a 2015 study by HSBC. Only Manchester can boast a better return than that, but Hull is a much cheaper market to get into, with prices averaging below £70,000 compared to Manchester’s £100,000.
Value for money in a whole different league
A recent investigation by the Hull Daily Mail showed just how good value houses in Hull are, especially when compared to the nation’s centre of stupendous pricing, London. For example, a Victorian, three bedroom house with a huge kitchen, generous living room and beautiful garden in the fashionable Avenues area of Hull will cost you the same as a single white room in North London, where a pull-down mattress over the door serves as the only bedroom and the toilet is hidden behind a screen. Lovely.
At the end of the day, getting a lot for your money is the basis of a sound investment. Houses in London are overpriced but handy for the jobs there, however…
An employment revolution is taking place
We don’t mean the two large renewable energy projects that are providing high quality jobs throughout the city, though these do help tremendously. We don’t even mean all of the shared office spaces that are popping up across the city. No, remote working is what we are talking about. Thankfully, the next generation of professionals won’t have to live in shoeboxes in large cities to access the best jobs. Internet work platforms, remote meetings and shared office spaces like the C4DI mean that the employer of the future will be based everywhere, and people invested in developing cities with low property prices will benefit from the tide of grateful ex-metropolitans that ensues.
Start investing today
We’re Chris and Tony Hodgson, a father and son team that’s worked together for years. Our professional and friendly approach to doing business has helped us to grow our portfolio and deliver customer satisfaction across the city. Get in touch on 01482 342155 or email firstname.lastname@example.org to invest in Hull property today.
Image: Hull Civic Society