12 August 2020

HULL's popularity following the City of Culture year has made the city and surrounding region an ever popular place to live, work and invest in property.

The UK buy-to-let market is now showing signs of recovery after COVID-19 affected the industry, with interest rates for mortgages at record lows and a wider variety of buy-to-let mortgage options available which, tied in with the current tenant demand for property, makes for an encouraging time to invest. 
 
Rob Corn, Branch Manager of the Linley & Simpson Hull branch says, 'We are experiencing a high demand for properties with 2-3 bedrooms in the following areas, Willerby, Hessle, Cottingham, Brough and other West villages. We also have a strong demand close to the ports, in Victoria Dock and Kingswood to the North where prices for 2 bedroom properties can reach up to around £600 per calendar month (pcm) and 3 bedroom properties to £750-£800pcm. Furthermore, Garden Village, Sutton, Bricknall, Ings and The Avenue's 2 bedroom properties are fetching around £500-£550pcm and 3 bedrooms £600pcm.
 
'The city itself is known as an industrial powerhouse with large corporations such as BP, Siemans, Reckitt Benckiser residing here. It's also a hot spot for culture, being home to a whole host of theatres, galleries, art collections and festivals that are held every year. There has also been a significant regeneration in the Marina and Docks which has made Hull a very attractive proposition for property investors.'
 
There are a variety of investment properties available for sale in Hull at the moment. Below is an outline of possible investments available. 
 
Attringham Park, Kingswood, HU7
Click here for more information.
On the market with: Bannister
Guide price: £120,000
Potential rental income: £595pcm (5.9% yield)
Information: A 2 bedroom mid-terrace house with garden and parking to the rear. 
             

Belvoir St, HU5
Click here for more information.
On the market with: Symonds & Greenham 
Asking Price: £125,000
Potential Rent: £550pcm (5.2% yield)
Information: Spacious two bedroom mid-terraced home with south facing garden. 
 
 
For more information on investing in Hull, please contact the Hull branch. 

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