Affordable rental market in Hull boosted by 10 new NHS worker friendly apartments
East Yorkshire property development specialist, Planet Igloo Ltd, has refurbished ten one and two-bedroom apartments located in Hessle Road, Hull and priced at affordable rates, primarily targeting the city’s first-time home seekers, young professionals and NHS workers. The apartments, managed and marketed by Hull-based Gro Residential Management, can be rented for as little as £495 a month. A Gro spokesperson said the company had invested heavily to provide a high-quality residential development, offering a great opportunity to renters seeking newly renovated outstanding apartments. The immediate proximity to the Hull Royal Infirmary also makes them ideal for NHS workers.
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With a shortage of affordable accommodation for rent resulting from a rise in the cost of home ownership, the refurbishing and pricing of these apartments by developers and landlords serve as moves to create more affordable housing in the rental market. With the affordable pricing of these apartments, low-income earners and individuals that are unable to afford the cost of living in more affluent communities can breathe a little easier. Investments in creating more affordable housing options must continue as more and more people continue to struggle to find affordable places to live. According to reports by Shelter, up to 4 million people in England alone live in low-quality housing that is inappropriate for their needs and costly, while homeless charities indicate that homelessness rates continue to rise.
Providing affordable housing means more than simply building new homes, as the rental market in Hull like other cities is experiencing a severe housing crisis. Issues, such as increasing demands for new build homes, lack of available suitable land, and increased government metrics for building must be addressed to provide long-lasting solutions for renters. The refurbishment and marketing of these apartments and the positive response from Hull residents attest to the importance of providing affordable homes and constant efforts in that direction. Additionally, planners and developers must create eco-friendly housing solutions, making them more sustainable, reduce living costs, and help combat climate change.
Since the pandemic hit, there has been an increase in the number of remote workers, and businesses leaving cities for suburban and rural areas, resulting in a fall in demand for city-center housing. Although this trend may subside with the easing of restrictions in the future, it’s essential to avail affordable homes to renters who need them, as making this achievable assists health care workers and other low earners in affording decent housing. This positive development isn’t just outstanding for Hull residents but also for people in other cities that are dealing with the same problems of lack of affordable and quality rental accommodation.
The key takeaway is that the Hull apartment development can provide a great quality of life for residents, demonstrates a social responsibility on the part of the landlord and developers, and serves as an example of how other similar changes can be made to satisfy the needs of renters in other communities.
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Hull’s affordable rental market has been boosted by ten new apartments which would be ideal for National Health Service workers
The cost of living crisis has left many people struggling to find a place to live at a modest cost. But now ten apartments in hessle road have been fully refurbished by East Yorkshire property development specialists Planet Igloo Ltd.
The company deliberately priced the apartments at a level that would appeal to first-time home seekers in the city, which would be ideal for young professionals and couples and NHS workers, given the proximity to Hull Royal Infirmary on the far from Coltman Street to Hessle Road.
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Marketed by Hull-based Gro Residential Management, a one-bedroom apartment can be secured for just £495 a month. One-bedroom apartments with large walk-in closets are £525 per month, while large two-bedroom apartments are just £575 per month.
A Planet Igloo spokesperson said: “Our intention was to develop these apartments to a high standard, which we have done with each apartment tastefully decorated and including fully fitted modern kitchens in open plan living areas.
“We were aware that the current climate of continually rising costs of living has made it a great challenge for many people, and this has been compounded by a real estate market where rental costs have also skyrocketed.
“We wanted to put quality accommodation on the market at an affordable price and feel that this development offers exceptional value for newly renovated apartments. We expect interest from young professionals and also from NHS staff given its location.”
Leonie Laws, a lease negotiator at Gro Residential Management, expects the properties to be in high demand.
She said: “We are delighted to market and manage this development for our client who has invested heavily in modernizing this property to provide a high quality residential development.
“In today’s market, it’s rare for newly developed or refurbished properties to come on the market starting at £495 per month, which, at that price, are some of the cheapest rates we currently market on properties we manage and let. the city.”
For more information visit the Gro residential pageemail hello@gro-residential.co.uk or call 01482 566057.
Read below:
https://www.hulldailymail.co.uk/news/hull-east-yorkshire-news/hull-rental-market-boost-affordable-8494706.amp
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