Why you should be looking at Hull for your next investment

Anna Bibby, 18 July 2019

Hull has become one of the most impressive emerging cities in the UK. The city has seen a completely new lease of life in recent years and its property market is certainly reflecting this.

Located in the East Riding of Yorkshire on the north side of the Humber Estuary, this vibrant city is a key player in the Northern Powerhouse, having made a name for itself in the offshore energy industry, manufacturing and its increasingly-renowned digital sector. On top of this, Hull is also home to one of the UK’s leading foreign-trading ports that handles more than 12 million tonnes of cargo and around one million passengers every year.

The city has seen a huge amount of investment in recent years. The most notable is the £310m investment made by Siemens and the Associated British Ports (ABP) to transform a derelict area in the city’s dockside into ‘Green Port’, a turbine manufacturing and installation facility. The investment has seen 1,000 new jobs created in the area, and a further 700 jobs will be created in the nearby town of Goole where Siemens is planning to build a £200m train factory.

Hull also held the title of ‘Capital of Culture’ in 2017, which introduced further investment into the city, as well as showcasing its potential as a hub for the arts and culture. It was reported that £219.5m was invested into the city and 800 jobs have been created since Hull was awarded city of culture status.

With the above in mind, it’s easy to see why Hull has become an increasingly popular destination for potential tenants. In 2018, Hull’s rental market managed to outperform the rest of the country by 50% and saw a rise of 2.5% in average rents, thanks to the city’s excellent economy and a growing population. Hull has also seen its house prices rise by 19% in the past five years, but the house prices are still below the national average - which makes this the ideal time to invest in the city.

K2 Bond Street is our latest residential investment opportunity in Hull’s thriving city centre. Comprising of 42 modern one-bedroom apartments, this development is ideal for any young professional moving into the city.

Residents will get to experience the very best of city living in K2 Bond Street. As well as the spacious, modern apartments, residents will also have access to an onsite gymnasium and high-speed broadband. It also has the unique feature of an onsite workspace that remote workers can make use of. The development also has a roof terrace where residents can unwind, socialise and take in the fantastic views of the city.

If that wasn’t enough, these apartments currently come with an assured NET return of 6% for 2 years and are offered tenanted, so will provide instant income.

It’s a great time to be investing in Hull and K2 Bond Street is certainly an investment opportunity not to be missed - click here to enquire today!


Why you should be looking at Hull for your next investment

Anna Bibby, 18 July 2019

Hull has become one of the most impressive emerging cities in the UK. The city has seen a completely new lease of life in recent years and its property market is certainly reflecting this.

Located in the East Riding of Yorkshire on the north side of the Humber Estuary, this vibrant city is a key player in the Northern Powerhouse, having made a name for itself in the offshore energy industry, manufacturing and its increasingly-renowned digital sector. On top of this, Hull is also home to one of the UK’s leading foreign-trading ports that handles more than 12 million tonnes of cargo and around one million passengers every year.

The city has seen a huge amount of investment in recent years. The most notable is the £310m investment made by Siemens and the Associated British Ports (ABP) to transform a derelict area in the city’s dockside into ‘Green Port’, a turbine manufacturing and installation facility. The investment has seen 1,000 new jobs created in the area, and a further 700 jobs will be created in the nearby town of Goole where Siemens is planning to build a £200m train factory.

Hull also held the title of ‘Capital of Culture’ in 2017, which introduced further investment into the city, as well as showcasing its potential as a hub for the arts and culture. It was reported that £219.5m was invested into the city and 800 jobs have been created since Hull was awarded city of culture status.

With the above in mind, it’s easy to see why Hull has become an increasingly popular destination for potential tenants. In 2018, Hull’s rental market managed to outperform the rest of the country by 50% and saw a rise of 2.5% in average rents, thanks to the city’s excellent economy and a growing population. Hull has also seen its house prices rise by 19% in the past five years, but the house prices are still below the national average - which makes this the ideal time to invest in the city.

K2 Bond Street is our latest residential investment opportunity in Hull’s thriving city centre. Comprising of 42 modern one-bedroom apartments, this development is ideal for any young professional moving into the city.

Residents will get to experience the very best of city living in K2 Bond Street. As well as the spacious, modern apartments, residents will also have access to an onsite gymnasium and high-speed broadband. It also has the unique feature of an onsite workspace that remote workers can make use of. The development also has a roof terrace where residents can unwind, socialise and take in the fantastic views of the city.

If that wasn’t enough, these apartments currently come with an assured NET return of 6% for 2 years and are offered tenanted, so will provide instant income.

It’s a great time to be investing in Hull and K2 Bond Street is certainly an investment opportunity not to be missed - click here to enquire today!