Rent prices going up in the Avenues. Normal or getting out of hand?

PearsonParkRunner

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When I moved to the Avenues three months ago I got a two bed flat for six hundred a month. Just had a look on Rightmove out of curiosity and the same kind of flats are now going for six fifty to seven hundred. In three months. That's a big jump.
I know the Avenues is a popular area and the university pushes demand up but it feels like prices are rising faster than they should be. Some of the one bed flats near Newland Avenue are asking five fifty which is mental for Hull.
Is this a general Hull thing or is it specific to the Avenues? I moved here partly because it was so much cheaper than London but if rents keep climbing at this rate the affordability gap is going to shrink fast.
Anyone else renting in Hull noticed prices going up recently?
 
The Avenues have always been the most expensive rental area in Hull because of the location and the Victorian houses. But you're right that prices have jumped recently. Part of it is the university pushing demand up. Part of it is people like yourself moving from more expensive cities and being willing to pay more because it's still cheaper than where they came from. The knock on effect is that locals who've always rented in the Avenues are being priced out. It's a pattern you see in every city that starts to gentrify.
 
We rented in the Avenues for three years before buying and the rent went up every year. First year was five twenty, by the time we left it was five ninety. That was a few years ago so I can believe it's pushing seven hundred now. The Victorian flats look gorgeous but a lot of them are draughty, expensive to heat, and the landlords don't maintain them because they know someone will always want to live there. My advice is buy as soon as you can. Mortgage payments on a terraced house in Hull are often less than rent on a flat.
 
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