Why Hull is a great city for property investment

Selecting the ideal city to purchase and invest in property requires careful consideration of various factors. From economic stability to lifestyle preferences and property market trends, each aspect plays a pivotal role in determining a city’s suitability for investment.

Hull is establishing itself as an attractive location for property investors. A recent article in The Sunday Times and on The Times website found Hull to be the eighth best city to purchase property in 2024, highlighting the regeneration of the historic West Docklands with a cruise terminal at its heart, the transformation of Albion Square supported by a £96 million investment, and Hull’s excellent rail links to London.

Of course, it’s essential to approach property investment with careful consideration and thorough research to maximise your chances of financial success. Before we dive into the benefits of investing in property in Hull, here are a few things to consider.

Budget

Establishing a clear budget and knowing the maximum amount you have to work with will help you understand the type of properties you can invest in. There are many important factors to consider when budgeting, including the property purchase price, renovation costs and any management fees.

You are likely to need to secure a buy-to-let mortgage to fund the purchase of the property. A buy-to-let mortgage is a type of loan specifically designed for individuals who want to purchase a property with the intention of renting it out to tenants. Learn more about buy-to-let mortgages.

Target tenants

Knowing who you want to rent to will also help you decide on a property, as different tenants will have different needs. Whether you want to rent to families, first-time buyers or retirees, it’s important to take their requirements into account when investing in property.

Our sister company, Yorkshire & Lincolnshire Developments, builds long-lasting relationships with landlords to help them navigate property investment and find the right tenants for their property or property portfolio. For example, different types of tenants offer different opportunities, such as families being more likely to stay in a property long term.

Why buy a house in Hull?

The city of Hull often flies under the radar when it comes to property investment discussions, but the city has a wealth of opportunities for savvy investors. From affordability to regeneration projects and cultural richness, Hull possesses all the ingredients for a successful property investment venture. Let’s take a look at what some of these are…

Location

One of the most critical factors to consider when investing in property is the location, as this can significantly impact its desirability, rental income potential and long-term value growth.

Homes in our £30m King’s Fold development are built in mews style, arranged around courtyards to create a village feel. They are also located in the sought-after area of Kingswood Parks, which is perfect for house hunters seeking a suburban lifestyle with an abundance of shopping, restaurant and entertainment options close by. As a result, King’s Fold is a development in strong demand.

*Street scenes at our King’s Fold development.*

Affordability

One of the most compelling reasons to consider Hull for property investment is its affordability. Compared to larger cities such as London or Manchester, Hull offers relatively low property prices. This affordability opens doors for both new and seasoned investors.

Regeneration and development

Hull is experiencing a renaissance, thanks to significant regeneration projects. The cityscape is undergoing a transformation, with projects aimed at revitalising key areas such as the West Docklands and the city centre.

Beal has played a significant role in the successful development of Kingswood, as well as the historic and vibrant Fruit Market on Hull’s waterfront. These developments not only enhance the aesthetic appeal of the city but also contribute to the growth of property values. Investors who get in early can benefit from the potential appreciation of their assets as Hull continues its journey of rejuvenation.

Transport links

Accessibility is a crucial factor in property investment, and Hull excels in this aspect. The city boasts excellent transport links, including well-connected road networks and a central transport interchange. These transport links make Hull an attractive location, ensuring a strong demand for property in the city, including from investors.

Cultural and historical significance

Beyond its economic prospects, Hull holds significant cultural and historical value. The city’s rich heritage is reflected in its historic buildings, museums and galleries. Hull’s status as the UK City of Culture in 2017 further underscored its cultural significance, drawing attention to its vibrant arts scene and community spirit. For investors seeking more than just financial returns, Hull offers the opportunity to be part of a dynamic and culturally vibrant community.

Starting your property investment in Hull with Beal

With over 55 years of experience designing and building homes in Hull, East Yorkshire and Lincolnshire, we pride ourselves on our attention to detail, quality of construction and award-winning customer service, offering every one of our customers unrivalled levels of customer care throughout their journey.

Here are just a few reasons to start your property investment in Hull with Beal Homes:

A wide range of home designs and developments – At Beal, we offer a wide range of luxury homes for sale across a selection of developments, catering for all tastes and budgets.
Award-winning Design Lounge – Our Design Lounge is a state-of-the-art hub where our team of experts work closely with buyers and investors alike to bring their ideas for their new property to life.
A selection of schemes to help you buy – At Beal, we believe that everyone deserves the opportunity to secure their dream home or investment property. Our range of buying schemes and initiatives aims to address various challenges faced by prospective buyers, such as saving for a deposit or securing a mortgage, ensuring greater accessibility to the housing market for homebuyers and investors.
The special relationship between Beal and Yorkshire & Lincolnshire Developments (YLD) – Our relationship with our sister company Yorkshire & Lincolnshire Developments means we can support investors with a property purchase, and then we can pass you straight over to YLD for management of your property or property portfolio. That way, we act as a one stop shop and can help ensure that investing in a property is smooth, efficient and hassle-free.

Speak to a Beal expert about investing in property in Hull

For more information on property investment in Hull, speak to our team of experts, who will be able to answer any questions you have about investing in property.