The contemporary urban living development in Hull has been so successful that homes worth almost £7 million were sold before the building process even started. After the launch event where 700 people attended, a third of the properties in the Fruit Market waterside quarter of the city got reserved by property hunters.
The developer Wykeland Beal sold 33 properties off-plan after revealing details about the scheme. Its initial plan was to make only one of the four quarters that form the development available at the launch, but instead ended up releasing a second quarter due to the high demand. The properties got sold to a wide range of people, from first-time buyers to property investors.
The £17 million residential scheme is the last stage of the £80 million regeneration plan of the Fruit Market area to form a new urban village. The project was brought to life by Wykeland Beal joint venture, formed by commercial developer Wykeland Group and award-winning housebuilder Beal Homes, working in partnership with Hull City Council.
The development features 101 high quality two and three bedroom houses surrounding four private courtyards – Horner’s Quarter, Martin’s Quarter, Scott’s Quarter, and Finkle Quarter. The properties are a mix of townhouses and apartments, designed over two and three storeys, with a blend of contemporary and traditional styles. The new neighbourhood will become an attractive part of the Fruit Market.
The properties released so far cost around £149,995 for a two-bedroom apartment and £274,995 for a three-bedroom townhouse with carport or parking space.
The first houses are scheduled to be completed by the end of 2018 and the other ones will become available throughout the next year. This scheme is the latest major part of the transformation of the Fruit Market, which builds on the momentum of Hull’s game-changing year as UK City of Culture 2017.
