New round of investment for “trailblazing” buy to let hotspot
Alliance Investments
The government has kicked off a new round of investment in Hull, focussed on a “trailblazing neighbourhood” in Orchard Park. Announced as part of the government’s recent spending review, the pledge will mean another £20m of money for Hull that will directly improve the city and make it a more appealing place to live.
A government statement read: “The Ministry of Housing, Communities and Local Government (MHCLG) will work with partners from across the sector to help crowd in investment and provide a direct link to Whitehall – making sure that places that have been too easily left behind are no longer ignored.”
This is more good news for a city which has already secured:
- £26.4m for a Capital Programme to improve the city centre
- The redevelopment of Queen’s Gardens, the Maritime Trail and the £2.4m renovation of the Burton Building
- One of the top 20 universities in the UK for students
Five-year infrastructure investment programme
That comes in addition to the announcement that the City Council is in the first stages of planning for a major infrastructure investment in Hull. The programme is designed to “improve and enhance Hull’s infrastructure, preserve its history and keep the city moving.”
Recommendations include:
- Strengthening schemes for Hessle Road Flyover, Sutton Road Bridge, Sutton Road Flyover and North Bridge
- The replacement of bearings on Ennerdale Bridge, Stoneferry Bridge and Millennium Footbridge.
- New provision to work specifically with specialist contractors to undertake cleaning regimes, structural repairs and general maintenance for statues and monuments.
- Ongoing testing, cleaning and maintenance regimes for Hull’s fountains.
- Safety works to Victoria Pier and the River Hull Walkway and exploring feasibility for their replacement.
These works are exactly what a city needs to thrive. They will support local businesses, generate economic growth in Hull and help make it a better place to live and work.
For property investors, this is an exciting development that makes Hull property for sale a key investment opportunity.
Councillor Mike Ross, leader of Hull City Council, said: “What is being proposed is a long-term plan to fix a number of key highways and infrastructure issues across the city, in a structured and planned way, over the next five years.
“By developing a comprehensive and proactive programme we will not only maintain and enhance the city’s infrastructure, but we will also preserve Hull’s cultural heritage and ensure safe and reliable transport links.”
Why buy property in Hull in 2025?
Investment property in Hull is an outstanding opportunity for investors. This is a city on the up with modern industries, a growing economy and large regeneration works taking place across the city. High quality universities and some of the most attractive jobs in the country make Hull a magnet for international students, young professionals and families.
All that’s missing is a range of luxury property in the city centre. City Point is one development designed to fill that gap and provide the high quality housing that Hull desperately needs.
Comprising 76 studio, one- and two-bedroom apartments, City Point is an attractive refurbishment development that is more sustainable than a new build and will provide the high specification apartments that young professionals and student renters are desperate for.
There is nothing else like this in the city and construction is scheduled to finish in the near future. For anyone looking to buy property in Hull, City Point represents an exceptional opportunity to get into a market that is developing rapidly and maximise your investment returns.
