Property trends for HU1

    HU1 covers Hull's city centre and immediate surroundings in the East Riding of Yorkshire, positioned as the core of the wider Hull urban area. It is a densely populated, mixed-tenure neighbourhood with a strong rental market and younger demographic profile.

    At a Glance

    Average Property Price - HU1

    £131,710

    1

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - HU

    £705

    7

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - HU1

    £26,103

    4

    National percentile

    2023 census data

    Flat / Maisonette Yield - HU

    6.5%

    79

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - HU1

    2.7%

    38

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - HU

    3.7%

    40

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — HU1

    Top 5 streets in HU1 ranked by 3-year average sale price.

    #Street3Y Avg
    1Queens Dock Avenue£380,000
    2Jarratt Street£300,000
    3Blanket Row£271,150
    4Prince Street£260,000
    5Railway Street£245,000

    Latest Rent — HU1

    Property Price & Volume Trends

    At £149,000, HU1 sits among the most affordable areas nationally. The 10-year annualised growth of 5.0% ranks among the fastest in the country, reflecting steady capital appreciation despite the postcode's low absolute price level. Transaction activity has slowed notably, with 44 sales in the latest year compared to a 10-year annual average of 72, suggesting a thinning market.

    Rent & Yield Trends

    Monthly rent of £679 is well below the national average, reflecting the area's affordable positioning. Rent growth over ten years has been modest at 3.5% annually, lagging national trends. The flat yield has risen to 6.1%, notably above its 10-year average of 4.9%, indicating improved returns for landlords as rental income has grown relative to property values.

    Income & Affordability Trends

    Average household income of £26,103 is substantially below the national average, placing the area among the lowest-income neighbourhoods in the country. The price-to-income ratio of 4.3x has improved significantly since 2016 (when it stood at 5.5x), making purchase more affordable relative to earnings. Rental affordability has also edged forward, with the rent-to-income ratio improving from 21.4% to 20.3%, though rents still consume a meaningful share of household income.

    Resident Demographic Profile

    The age profile skews younger and more working-age than the national average, with 20.4% aged 25–34 (well above the 13.4% average) and only 11.7% aged 65 and over (below the 19.6% average). Housing tenure is heavily weighted towards renting: 38.9% live in private rental properties and 42.9% in social housing, compared to national figures of 21.7% and 16.5% respectively, while owner-occupation is minimal at just 17.0% combined. The employment profile shows significantly elevated proportions in elementary occupations (17.8% vs 10.2% nationally) and plant/machine operation (13.5% vs 6.6%), alongside lower representation in managerial roles (7.3% vs 13.4%).

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