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Hull: an ideal place for out of town investors

23 Apr 2018

Tipped to be a buy-to-let hotspot, could Hull be the next place for you to invest? If you’re looking to extend your property portfolio, then read on and find out why Hull could be the ideal location.

A city on the up

There have been so many improvements to the city in the past couple of years with Hull celebrating being City of Culture 2017. It’s fair to say that it’s now a more desirable place to live and attractive to those from further afield to relocate to or visit.

Recognised by large businesses

With huge businesses choosing Hull to start new projects in (like Siemens) and employing hundreds, there are more job opportunities in Hull and more people being attracted to the area. These workers all need somewhere to live and often won’t buy with their move being temporary due to work contracts, or they may rent as a stepping stone to a purchase. This influx in quality renters is something that will benefit landlords all over Hull.

Get more for your money

For the purchase price of a one bedroom flat in London, you could probably afford a six bedroom house in Hull. There are many properties available to purchase for under £50,000 which offer a great yield and the chance for you to invest in more properties with your capital than some other cities would allow.

There’s certainly money to be made if you make the right decisions with so many affordable investment opportunities in the Hull area which could prove to be highly profitable.

We’re here to lend a helping hand

We like to think that we know the property market in Hull like the back of our hands. Many landlords come to us asking for advice on rentals and which areas of Hull to invest in and we’re always happy to help.

If you’re concerned about owning property away from where you currently live, then don’t worry. We’ve been managing properties in this area for years and can take care of everything for you - from finding quality tenants to minimising vacant periods and maximising rental income. Did you know our homes typically let within just 3 weeks?

So if you’re not familiar with the area and have some questions, please don’t hesitate to get in touch. Give us a call on 01482 562562 today or email spencer@ultralets.co.uk.

Posted By

Spencer Wood

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