Investing in buy to let
Why buy a rental property in Hull?
properties in Hull
Kingston upon Hull remains one of the most affordable buy-to-let locations in the UK with a future of robust growth in house prices for the years ahead.
With average Hull house prices 65% below the UK average at around £150,000 compared to the UK’s £280,000, the housing market in Hull has plenty of room for future growth. Even with the most conservative outlook, investors in buy-to-let properties stand to secure increasing equity within their assets over the coming years.
Looking to the future, property values in Hull are on course to see further growth, with the latest five-year forecast predicting an 18.8% rise by 2026. Compared to the UK’s average expected gains of 13.1% over the same period, Hull is on track to reward property investors with more robust house price growth.
Lower than the average UK house price
many of which are spacious Victorian town houses
Average house price currently in Hull
UK’s average house price currently £280,000
Average house price in Hull set to rise by 2026
UK’s average expected gains of 13.1% over the same period.
Worth of investment over the last eight years
with more proposed investment to come along the Humber
Regional employment success
Hull has seen an increase in employment opportunities propelling the city into a new era of expansion. Despite the pandemic and the UK’s rise in the cost of living, Hull’s employment rates are at their highest, with local wages rising faster than the national average and investment levels in the city reaching an all-time high.
Kingston upon Hull has been leading the rebound of Britain’s jobs market, ranking fourth in terms of its rate of recovery. With the number of jobs in Yorkshire and the Humber expected to grow by 45,000 by 2030, the demand for high-quality rental accommodation, particularly in desirable locations like Hull’s city centre is set to rise even further.
Beyond Hull City of Culture.
Hull continues to build on it’s success with the 2017 U.K. City of Culture whose legacy continues to provide cultural events throughout the year hosting events such as the annual Sesh and Freedom Festivals.
The city has seen a major refurbishment with new developments in the old fruit market and marina creating new businesses, bars, restaurants, venues and cafes.
A large uplift in visitors to Hull
The annual Freedom festival now brings in hundreds of thousands of visitors. (Photo credit: Andy Beecroft)
New developments around the marina and beyond are creating a great vibe in the city.
A new proposed development called The Lagoon is set to bring even more exciting investment by creating a new harbour in the Humber from the Ferry terminal down to the Humber bridge which will transform Hull into a truly waterfront city, create employment opportunities and provide a massive boost to the economy.
Investing in property in Hull right now is very much a smart move you need to consider.
Watch the video for more information about the proposed Lagoon development that will transform Kingston upon Hull.