Hulme Area Guide – Hulme Estate Agents
Lying just to the south of the city centre of Manchester, Hulme is one of the many areas that owes so much to the industrial revolution. The area has obviously evolved significantly since those times, but it manages to provide many reasons why people should consider this as their home. First of all, if you work, play or want to be in and around the city centre of Manchester on a regular basis, Hulme is a fantastic location. You are no more than 10 to 15 minutes from the heart of the city and you’ll find that you can easily walk to and from the area. Whether you’re looking to stay fit around your working day or you want to save money on late night taxis after an evening out, Hulme offers up a range of benefits for anyone looking to enjoy what Manchester has to offer. Contact Hulme Estate Agents – VitalSpace if your are looking to purchase a property in this area
While you are located close to the city centre, Hulme is able to offer greenery and a chance to get away from the buzz of big city life. Hulme Park is a popular destination and the fact that the park came about after a design competition can be seen in its versatility. The park was created with three separate areas, encouraging sports, play and the arts, so no matter what mood you are in or what you are looking for, you’ll find that Hulme Park is very welcoming. The arts are well catered for in Hulme in general with plenty of creative space for artists and performers, making it a great option for those looking to immerse themselves in the counter-culture of Manchester.
With it’s proximity to the city centre and the universities, Hulme is an area that needs to be explored when considering property. There is a mixture of houses, townhouses and apartments, some of which are bordered by Hulme Park, transport links are excellent with an ability to take the short step into the city or alternatively out to the South of Manchester and beyond.
Extensively re developed in the late 1990’s and into the 21st Century the area offers a strong mix of property for people looking to take that all important first step onto the property ladder and also exceptionally strong investment potential benefitting from a population that work in the City and are currently studying in Manchester’s well thought of educational facilities.
When Hulme was redeveloped, Streford Road was reinstated and Hulme Park established to provide a green space with mature trees close to the city centre. Courtyard style developments of houses and apartments have proven to be very popular since they were built and offer an excellent range of properties from first time buyers through to larger townhouse style properties.
Property In Hulme – Hulme Estate Agents
Property prices are positioned between £80,000 up to £200,000 depending on property type and location in Hulme, the majority of properties are operated on leasehold basis which maintains a good standard of presentation across the various courtyards and developments and a good level of maintanence throughout the area.
In the summer of 2014 the MMU will position their brand new £150 million University campus in Hulme further enhancing the areas vibrant appeal and bringing additional transport and commerce infra-structure to an already well served area.
With a strong mix of accessible housing and an excellent location in relation to the City and surrounding areas, in addition to a very bright and expanding future before it, Hulme is well worth exploring for first time buyers, investors and anyone looking for an up and coming area in which to settle.
If your looking to move to Hulme, contact Hulme Estate Agents VitalSpace Contact Us to see what we currently have available within the area
Expected rental yield of Hulme
If you’re looking for an area to invest in, Hulme provides an attractive range of rental yields. A one bedroom property is expected to provide a rental yield of 6.55% while a two bedroom property offers a rental yield of 6.4%. A three bedroom property provides a rental yield of 6.4% and a five bedroom property offers up an expected rental yield of 6.27%. The only outlier with these figures is the expected return of 3.35% for four bedroom properties. Leaving these homes aside, the Hulme rental market is an attractive one for landlords as much as tenants.
Average property prices in Hulme
Figures provided by an online property specialist suggest that Hulme offers good value for money, especially in comparison to other parts of the city. Property prices in Hulme are on the rise, as they are in the majority of Greater Manchester, but the location and properties on offer ensure that there is good value to be found. The average price of properties in Hulme at June of 2015 stood at £144,742 and by June of 2016, this figure had risen to £170,987, a rise of 18%. As of June 2016, the average price of flats stood at £168,104; terraced properties were priced at £177,000 and semi-detached properties held an average price of £195,000.
Have Fun Buying a Home and Living in Hulme
We hope that our area guide has shown that Hulme is a fun and welcoming place to live, with plenty to keep families and professionals occupied. As one of the most trusted hulme estate agents, we believe we can help everyone find their ideal property in Hulme, whether it is a single bedroom flat, a three bedroom house or anything in between.
If you have any queries or questions about moving here, please don’t hesitate to contact us on 0161 747 7807