HU2 (Hull) area guide

HU2
Hull
The HU2 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Drypool, Hull, Myton.
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Notes:

A Mouseprice property guide for HU2 Hull is coming soon. In the meantime, please have a look at the raw data and statistics about HU2 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 HU2 is 1694 homes.

Kingston upon Hull propertyWhen growth averages 14.3% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa 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 propertyAverage property prices in this postcode district over the last three months have been approximately £86172.

Kingston upon Hull propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 4.1.

Kingston upon Hull propertyNew transactions as a percentage of overall sales are 16.7%.

Housing stock:

Hull propertyTerraced Houses make up the most significant portion of the housing stock, representing 46.8% of the total.

Hull propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 2.7% are this type.

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 £123642.

Who lives here:

Hull propertyHull propertyThe average age in this area is 42.
Hull propertySingle people make up 37.1% of the population in this postcode district.
Hull propertyAverage working hours in this area for men are 42 and for women are 29.
Hull propertyThis area has 23.8 people per square kilometre.
Hull propertyThis area has high unemployment at 10.1%. Those in work tend to find jobs in the Health & Social Work or Wholesale & Retail sectors.