Hull vs Morecambe for Property Investment
Hull leads on gross yield at 8%, while Hull has the lower entry price at £130,000. Here is how the two markets compare on yield, price, deposit and tenant demand.
Hull vs Morecambe at a glance
| Metric | Hull | Morecambe |
|---|---|---|
| Average gross yield | 8% | 7.5% |
| Average property price | £130,000 | £135,000 |
| Implied monthly rent | £867 | £844 |
| 25% deposit | £32,500 | £33,750 |
| Stamp duty (additional property) | £6,500 | £6,750 |
| Population | 260,000 | 35,000 |
| Region | Yorkshire | North West |
| Investor rating | Good | Good |
Hull
Stock is dominated by Victorian and inter-war terraces, with two- and three-bed houses making up most of what comes to market. Tenant demand is underpinned by public-sector employers including hospitals and councils, local employment in services, healthcare and logistics, supported by a population of around 260,000. On the average £130,000 purchase, a 8.0% gross yield implies roughly £867 per calendar month in rent — a useful sanity check when you are reviewing a listing. City of Culture legacy with ongoing regeneration.
- Strong fitStandard buy-to-let
- Strong fitHMO / rent by the room
- Strong fitFirst-time landlord
Morecambe
Stock is dominated by Victorian and inter-war terraces, with two- and three-bed houses making up most of what comes to market. Tenant demand is underpinned by seasonal and holiday-let demand, local employment in services, healthcare and logistics, supported by a population of around 35,000. On the average £135,000 purchase, a 7.5% gross yield implies roughly £844 per calendar month in rent — a useful sanity check when you are reviewing a listing. Coastal regeneration with high yield potential.
- Strong fitStandard buy-to-let
- Consider carefullyHMO / rent by the room
- Strong fitFirst-time landlord
Which is the better investment?
If monthly cash flow is your priority, Hull is the stronger option on paper at 8% gross. If you want the lower capital commitment, Hull needs around £32,500 as a 25% deposit. Averages only take you so far, though — run the actual listing through PropertyROI before you offer.
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