Prices From £59,950
8.5% NET For 2 Years
Complete- Immediate Rental Income
Property and Invest are proud to launch our latest residential development in the City Centre of Hull- Ferens Court. Standing proudly at the heart of Hull city centre, Ferens Court is ideally situated in close proximity to all main amenities, including the city's busy mainline railway station as well as an extensive range of shopping and leisure facilities.
A prominent 4 storey building, it will contain 12 studios and 30 one bedroom apartments, accessed by a private ground floor entrance. The location offering the best in work-life-balance for the local professional population. Meeting the demands of this demographic, established developer Empire Property Concepts will bring their forward thinking and experience to deliver top specification accommodation. The property also benefits from private car parking facilities on site.
Property prices have risen by 25% over 5 years, prior to economic investment and regeneration effects being felt, accelerating to 8.5% last year. With the city now undergoing a process of transformation and regeneration that is unparalleled anywhere else in the UK, sustained capital growth is set to continue, making now the time for the discerning property investors to invest.
The rental markets in cities like London and Manchester demonstrate up to one third of the housing stock is already privately rented. Hull has a smaller proportion of rented properties than any of the other top ten high yield cities in the UK. This sets Hull apart as an ideal new market ripe for strong yields and on the cusp of a very
strong capital growth curve.
As the economy surges forward, Hull's population is expected to grow by 10% over the next 5 years, exacerbating the existing housing shortage. Hull City council set out a requirement for 14,440 homes over the 2011-30 period based on a continuation of past population trends, a projection which has since increased to 16,720 as a result of economic growth expectations driven by investment and regeneration activity.
- Complete Development- Immediate Rental Income
- Fully Managed
- 8.5% NET Yield For 2 Years
- City Centre Location
- Mortgages Available
- 10% Below Market Value Comparables