19th April 2016

 

* Pre-Launch – 20% Discount from List Price
* City Centre Location
* UK Property Investment Hotspot
* UK City of Culture 2017
* £1billion Regeneration Plan
* 7% Rental Yield Expected
* Exchange Deposits from Just £8,480
* First Phase Sold in 24 Hours 

 

Following our clients reserving the entire first phase of units at NW1 Baker Street, Hull, we have now launched phase 2 at the Property Investor and Homebuyer Show last weekend. With lots of interest over the weekend, we have just 9 units left in phase 2 which we expect to get snapped up in the next 48 hours.

 

Area Analysis

 

The development is located right in the City Centre, and within a 5 minute walk from: Princes Quay shopping centre, Hull Marina, The Deep – Hull‘s new £50m submarium, central train station and Paragon Square (the new dining quarter of the city that is currently under construction).

 

Hull has undergone extensive regeneration in recent years and will be the UK City of Culture 2017. Work has begun on their new 10 year action plan to develop the city further with over £1 billion of investment. 

 

Very few new residential developments have been bullt in recent years. The result is that Hull is seeing property values increase quicker than many other major cities in the country. Apartments in the city have increased in value by 6.5% in the last year as an example. 

 

Hull has always been considered a great location for BTL investment due to high rental yields. HSBC recently quoted Hull as having the highest rental yields in the country along with Southampton and Blackpool. For more information, read our blog on Why you should invest in Hull.
Investors can make use of our fully managed service and achieve a near 7% yield on current rental values if you decide to hold the property long term. Alternatively you could make use of the 20% discount and assignable contract and just sell the property in 18 months time to a local buyer prior to completing to release a profit. The development is to be completed between July and October 2017 meaning clients can benefit from nearly 18 months capital appreciation whilst only needing to exchange with a 10% deposit. With a deposit of only £10,800 an investor can secure a luxurious new 2 bedroom apartment.

 

For more information, give us a call on 01342 840050 or fill in the form on the contact us page and we will get in touch with you.

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