The HU1 postcode represents Hull's historic city centre, encompassing the Old Town, Marina, and Fruit Market regeneration areas. Our data reveals that flats dominate the market, comprising 116 of the 137 active listings (85%), with an average price of £119,213. This reflects the high concentration of apartments in new developments like Horizon Apartments at Kingston Square and the various phases of the Fruit Market regeneration. The dominance of flats also relates to the significant student population and young professionals renting and buying in the city centre.
Terraced properties, while only representing 3 active listings, command higher average prices at £156,667, reflecting the scarcity of these period properties in the city centre. One-bedroom properties lead the market with 70 listings averaging £98,990, making them the most accessible entry point to HU1 homeownership. Two-bedroom properties follow with 48 listings at an average of £144,743, popular with first-time buyers and investors targeting the rental market. The limited supply of larger family homes (just 6 three-bedroom properties and 1 four-bedroom) indicates a gap in the market for sellers of family-sized period homes.
The price distribution shows a balanced market with 58 listings under £100,000 and 61 in the £100,000 to £200,000 range. There's also activity in the premium sector with 17 properties priced between £200,000 and £300,000, and one property over £1 million, demonstrating HU1's appeal to high-net-worth buyers seeking city centre penthouses or historic commercial conversions. The recent 12-month price change of -1.67% reflects a stabilising market following previous years of growth, making it a good time for sellers to list while conditions remain favourable.
We notice that the HU1 market has strong rental activity too, with 121 rental listings from 26 agents and an average rent of around £756 per month. This healthy rental market makes the area attractive for buy-to-let investors, and agents like MRC Estate & Letting Agents and Gro Residential Management have significant presences in the lettings sector. If you're considering selling a property that could alternatively be let, discussing both options with your agent can help you make the most informed decision.