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Criterion House

Criterion House
Hull, HU1 3AU

Property ID:

 17119
Prices From: £118 000.00
Projected AST Yield: 7.5%
Projected STL Yield: 10.0%
Description

Criterion House is an ambitious, multimillion-pound conversion project that will see a city-centre office building transformed into some of Hull’s most desirable and well-appointed residential units. This exciting development is set to complete in Q3 2025, offering a mix of one- and two-bedroom apartments designed to appeal to affluent professional tenants who prioritise style, location, and specification in their homes. With a strong focus on quality, safety, and energy efficiency, Criterion House promises modern living in the heart of Hull, making it a standout investment opportunity.

 

Prime Location in Hull’s Thriving Centre

Situated on a prominent corner plot at the junction of Grimston Street and George Street, Criterion House retains its traditional brick façade while its interior is wholly remodelled to the latest standards. This development is perfectly positioned to capitalise on Hull’s growing reputation as a key hub for sustainable industries and inward investment. The city is seeing a substantial influx of professional workers, driving up demand for high-quality rental accommodation. Hull’s rental stock is currently dominated by older properties, leaving a gap in the market for premium, modern apartments like those at Criterion House.

 

Strong Rental Demand and Rising Yields

Hull is experiencing a rental market boom, with a marked shortage of high-quality accommodation. The local housing plan for 2012 to 2029 acknowledges that new construction rates have consistently failed to meet the growing demand. This ongoing imbalance between supply and demand is driving rental prices up, alongside capital values. Recent data shows that in the 12 months leading to May 2024, property values in Hull increased by an average of 3.8%, well above the national average. Despite this growth, Hull’s property prices remain low by UK standards, making it an attractive market for investors seeking both capital appreciation and high yields.

 

Affordable Investment with Excellent Growth Potential

Criterion House offers off-plan pricing from just £118,000 for a one-bedroom unit and £165,000 for a two-bedroom unit. These competitive prices, coupled with Hull’s rising property values, provide an exceptional opportunity for capital growth. Property yields in Hull are already impressive, ranging from 4.9% to 8.8% in the city centre, and Criterion House’s modern, well-equipped apartments are poised to command even stronger returns. With its prime location in the professional district and a focus on attracting higher-income tenants, this development promises a combination of sustainable yields and strong long-term capital appreciation.

 

Why Hull?

Hull is benefiting from a £96 million city-centre redevelopment project and substantial private-sector investment in future-focused industries, particularly sustainable technologies. This economic growth is creating thousands of new jobs, drawing in skilled professionals, and further boosting demand for rental accommodation. In the long term, rising employment and disposable incomes in Hull will likely support continued capital appreciation, making Criterion House an ideal investment for those looking to capitalise on the city’s growth.

 

Why Criterion House?

  • Excellent capital appreciation potential
  • Attractive off-plan pricing:
    • 1-bed units from £118,000
    • 2-bed units from £165,000
  • Strong and sustainable yields
  • Perfect for short-term lets, ASTs, and corporate lets
  • Completion in Q3 2025
  • Located in a city with rising employment and population growth
  • Extremely strong rental demand

 

For investors seeking to secure a foothold in a dynamic and rapidly growing city, Criterion House represents a rare opportunity. Offering a combination of stylish, modern living spaces in a thriving professional district, low property prices, and high rental demand, this development is the perfect choice for anyone looking to generate strong returns on their investment.

 

For more information on this investment opportunity, enter your details or click here and an agent will be in touch shortly 

Location
Address: Hull, HU1 3AU

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Property ID:

 17119
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Hull

Why invest in Hull?

Property Investment Hull

Hull, officially known as Kingston upon Hull, is a vibrant city on the Humber estuary in East Yorkshire. With a rich maritime history, a growing economy, and significant regeneration efforts, Hull presents a range of investment opportunities for those looking to enter the property market.  

Economic and Infrastructure Development

Hull’s economic landscape and infrastructure are pivotal to its investment appeal:
  • Economic Growth: Hull has undergone substantial economic transformation in recent years. Key sectors include logistics, digital and creative industries, and healthcare. The city’s economic diversity supports a stable investment environment.
  • Regeneration Projects: Hull has been the focus of significant regeneration, particularly in the city centre and waterfront areas. Notable projects include the development of the Fruit Market district and improvements to public spaces and transport links. These developments are enhancing Hull’s attractiveness and driving property value growth.
  • Transport Connectivity: Hull benefits from excellent transport links, including direct rail services to London, Leeds, and other major cities, as well as access to major road networks. The city’s port facilities also play a crucial role in its connectivity and economic activity.

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