Criterion House offers a choice of attractive, modern apartments in a city where average property values are rising substantially faster than the UK average. For investors seeking excellent yields and proven rental demand, this is a good opportunity.

The development is based on the conversion of an existing five-storey office building on George Street on George Street in Hull city centre. Upon completion in Q3 2025 it will provide a mix of one and two bedroom apartments

Hull’s central district is witnessing a multi-million pound makeover and the creation of numerous business and industrial parks that will afford plenty of space for the growth of private sector employers in the years to come. Currently there are more than £1billion of commercial projects and infrastructure projects in progress following its secured inward investment of £3 billion

Hulls Green Port is the largest and probably best known. A £600 million development focusing on renewable energy. It is being led by Siemens and Associated British Ports.

Economy Overview

• Economy: £6.2 billion
• Growth target: £1.26 billion by 2026 (+10.8%)
• City Population: 260,000
• Population growth: 28,000 by 2035
• Growth sectors:
  • Advanced manufacturing
  • Construction
  • Digital and Media
  • Education
  • Healthcare
  • Port & Logistics
  • Renewable Energy
  • Telecoms

Hull Property Overview

• Average asking price : £138,178
• Price growth forecast: 28.2% by 28.2
• Average price growth: 3.8% to May 2024
• Average yields: 4.9% – 8.8%

Development Overview

• 41 apartments
• 32 x 1 beds
• 9 x 2 beds
• Modern specification
• HU1 postcode
• Prices from £118,000
• Suitable for short term lets, AST’s & corporate lets
• Completion Q3 2025
• Experienced developer