Hull top 10 UK city for first-time buyers

Vibrant areas for young workers who plan to rent while saving for a deposit and then get on the property ladder.

Average flat price: £91,815

Average one-bedroom flat monthly rent: £670

Workplace annual earnings: £34,497

Average flat price to income ratio: 2.7

According to Matthew Limb of Limb Estate Agents, Hull offers a great opportunity for first-time buyers to get on the property ladder earlier than in other cities. Young tenants stick to the central areas such as Victoria Dock, Humber Street and the Marina, while first-time buyers often shift to the well-established neighbourhoods of the Dukeries and Kingswood and Hessle on the outskirts for amenities and more green space. Limb has also seen significant growth in Brough, a commuter town 15 minutes on the train from Hull city centre.

Big employers include the medical tech firm Smith+Nephew, the offshore wind company Siemens Gamesa, the University of Hull with a teaching hospital and NHS trust, and one of the UK’s leading ports. Limb says: “For many young buyers, it’s the combination of affordability, employment opportunities, connectivity and quality of life. Lifestyle is an important factor, whether it’s independent cafes, restaurants and the cultural scene around Humber Street and the Marina, or waterside living at Victoria Dock, walks at Humber Bridge Country Park or easy access to the Yorkshire Wolds.”

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