Landlord Area Guide - Hull
Letting your property in Hull or considering investing? Here's what you need to know as a Landlord
Kingston upon Hull, or Hull, continues to be one of the UK's leading buy-to-let hotspots. Unlike many markets further south, Hull offers property investors a rare combination of low entry point and high tenant demand. At Ultralets, we manage over 1400 properties across Hull and surrounding areas, all from our HQ in Beverley. We're here for all your property management needs.
Overview of Hull
Hull has transformed from a hidden gem into a cornerstone of the UK’s "Green Industrial Revolution." For landlords, it represents a high-yield market backed by massive institutional investment. For renters, it offers a high quality of life with some of the most competitive living costs in the country.
Hull’s rental market is supported by several strong sectors, ensuring a consistent stream of high-quality tenants.
The Hull Royal Infirmary (City Centre) and Castle Hill Hospital (Cottingham) employ over 11,000 staff. This creates a massive, year-round demand for professional lets, junior doctors, and family homes for senior consultants.
Hull is now a global leader in offshore wind. Siemens Gamesa and the Humber Freeport have brought thousands of skilled engineering and logistics roles to the region.
The city is home to giants like Reckitt (pharmaceuticals), Smith & Nephew (medical tech), and Cranswick PLC (food production), providing stable employment for a diverse workforce.
Investment costs and returns for Hull
Investing in Hull property remains significantly more affordable than the UK national average, with the average house price sitting around £162,000—£197,000. However, the city is a "market of postcodes," where returns can vary significantly based on location and property type.
| Postcode | Location | Avg. Purchase Price | Avg. Estimated Gross Yield |
| HU1/2 | City Centre & Old Town | £110,000 - £135,000 | 7.5% - 8.5% |
| HU3/4 | West Hull | £80,000 - £125,000 | 8.0% - 9.5% |
| HU5 | Avenues & Beverley Road | £130,000 - £185,000 | 7.0% - 8.5% |
| HU7 | Kingswood/ North Hull | £150,000 - £190,000 | 5.5% - 7.5% |
| HU9 | Victoria Dock/ East Hull | £130,000 - £160,000 | 7.0% - 8.5% |
| HU10 | Willerby/ Kirk Ella | £255,000 - £285,000 | 2.5% - 3.5% |
| HU13/4 | West Hull Villages | £240,000 - £380,000 | 3.5% - 4.0% |
Data from HM Land Registry, Office for national statistics and Rightmove
Ultralets Property Management in Hull
