HU1 (Hull) area guide

HU1
Hull
The HU1 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Drypool, Hull, Myton, St Andrew's.
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Notes:

A Mouseprice property guide for HU1 Hull is coming soon. In the meantime, please have a look at the raw data and statistics about HU1 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Kingston upon Hull propertyThe size of the property market in HU1 is 1537 homes.

Kingston upon Hull propertyWhen compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 14.3%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Kingston upon Hull propertyDuring the last 3 months, property in this postcode district has averaged a value of £106477.

Kingston upon Hull propertyWhen examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 4.8.

Kingston upon Hull propertyNew transactions as a percentage of overall sales are 12%.

Housing stock:

Hull propertyOver half of the properties in the area are Flats, at 82.4% of the total housing stock.

Hull propertyDetached Houses account for the lowest percentage of the housing stock in this district, at only 1%.

Hull propertyThe property in this area caters well for retirees and young couples who do not have large families.

Hull propertyA high proportion of property in this area is socially rented.

Hull propertyA lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.

Hull propertyThe average price of a two bed property in this area is less that the national average of £187894 at £135307.

Who lives here:

Hull propertyThe population of this postcode district is 2021.
Hull propertyThe average age in this area is 37.
Hull propertySingle people make up 53.5% of the population in this postcode district.
Hull propertyAverage working hours in this area for men are 43 and for women are 34.
Hull propertyThis area has 13.1 people per square kilometre.
Hull propertyThis area has high unemployment at 9.5%. Those in work tend to find jobs in the Health & Social Work or Wholesale & Retail sectors.