Your Guide to Investing in Kingston upon Hull

Your Guide to Investing in Kingston upon Hull

Posted by Nello Team

About the Area

Kingston upon Hull is a vibrant place to live. It has a thriving university and great mix of amenities. The Yorkshire Wolds are to the north; the Humber estuary is to the south; and the River Hull is to the east of the city centre.

The chemical and healthcare sectors are major employers in Kingston upon Hull, and there is a large student population (20,000+).

Kingston upon Hull is the UK’s City of Culture for 2017. It has three large retail centres too. It has good transport links. Roads connect to the rest of the UK. There are direct train services to London, Manchester, and Leeds. There are ferries to Zeebrugge and Rotterdam, and the Robin Hood Airport is only an hour away.

Here are three reasons why you should invest in Kingston upon Hull:
  1. Low house prices and a high rental yield when compared to most areas in the UK.
  2. Property owners can increase returns by refurbishing properties for HMO licencing.
  3. Planned city centre regeneration programme will create new shopping and leisure facilities, offices, and other employment opportunities.

Rental Yield and Capital Growth

The average price of properties for sale here is £135,464. This is 48% lower than the national average, resulting in savings of £16,000 on average deposit needed.

Last year, the average price paid was £90,643 for a terraced house and £121,657 for a semi-detached home. Today, nearly half of homes for sale in Kingston upon Hull are under £100,000 (source: home.co.uk). Prices have increased by 3% over the last year (data source: rightmove).

Gross rental yields here are among the highest in the country:

  • 8.33% for a one-bedroom flat
  • 7.86% for a three-bedroom house

The hidden opportunity to invest in Kingston upon Hull

Experts expect Kingston upon Hull’s population to grow by 10% by 2021, and regeneration investment in the area is strong.

Properties in Kingston upon Hull are very affordable, and buy-to-let investors should consider:

  • Town houses to rent to students
  • Family home and inner city flats to rent to professionals