Hull has always had a story to tell. Along the eastern bank of the River Hull, another chapter is taking shape. The East Bank Urban Village is one of Hull’s largest regeneration projects, with plans for new homes and a new neighbourhood close to the city centre. If you are thinking about buying, upsizing, or simply understanding what is happening in Hull’s property market, it is a development worth watching.
What is the East Bank Urban Village?
The East Bank Urban Village is a large-scale, phased residential and mixed-use development planned for the east bank of the River Hull. A hybrid planning application was submitted in April 2026, including detailed proposals for the first phase and outline plans for later phases.
Phase 1 is planned to deliver 37 townhouses and 78 affordable apartments, with construction anticipated to begin in 2027. In total, the wider masterplan could deliver up to 850 new homes, with the project expected to be developed in phases through to around 2040.
The project is also supported by £9.875 million in Levelling Up Partnership funding, demonstrating public investment in the regeneration of this part of Hull.
Why this matters beyond the numbers
Large regeneration projects can change how an area looks, functions, and connects with surrounding neighbourhoods. New housing, public investment, infrastructure improvements, and access to established amenities can all influence how buyers view an area over time.
However, regeneration alone does not guarantee increases in property values. Wider economic conditions, mortgage rates, housing supply, buyer demand, and the type and condition of individual properties all continue to play an important role.
For buyers and homeowners, the East Bank Urban Village is therefore an important development to follow as Hull’s wider city-centre regeneration continues.
The A63 Castle Street upgrade: improving connectivity
Connectivity has long been an important consideration for people travelling through Hull city centre.
The A63 Castle Street improvement scheme was completed in 2026, marking a significant investment in Hull’s transport infrastructure. The completed works include improvements around the Mytongate junction, designed to support smoother journeys through the city and improve connections between the city centre and waterfront areas.
3. What exactly changed?
For people considering property around central Hull and the East Bank, these infrastructure improvements form part of the wider changes taking place across this part of the city.
Lifestyle anchors that already make this area compelling
Buyers considering an area will often look at both future development and the amenities that are already established nearby. Hull’s waterfront and city-centre neighbourhoods already offer several attractions.
The Fruit Market
Hull’s Fruit Market quarter has undergone significant regeneration, with independent restaurants, galleries, creative businesses, and residential development helping transform the former wholesale market area.
Located close to the waterfront and across the River Hull from the East Bank development area, the Fruit Market provides established amenities within Hull’s wider city-centre and waterfront area.
Hull Marina
Hull Marina provides another established waterfront destination, with leisure facilities, restaurants, bars, and access to the surrounding city centre.
Together, the Marina and Fruit Market contribute to the wider waterfront offer available to people living in or visiting central Hull.
These are established amenities rather than features dependent on the completion of the East Bank development, giving buyers a clearer picture of what the wider area already offers.
What Hull’s property market is doing right now
The latest official house price figures provide useful context for anyone considering buying or selling in Hull.
According to the UK House Price Index, Hull’s average property price stood at approximately £136,000 in July 2026.
Prices were 5.9% higher than a year earlier, compared with annual growth of 3.0% across Yorkshire and the Humber.
Neighbouring East Riding of Yorkshire recorded an average house price of £220,408 in July 2026.
These figures show that Hull experienced stronger annual price growth than the wider Yorkshire and the Humber region over this period. However, past price movements do not guarantee future growth, and individual property values can vary considerably according to location, property type, condition, and local demand.
What regeneration could mean for the local market
Major regeneration schemes can influence how buyers perceive an area, particularly when they introduce new housing, infrastructure, public spaces, or amenities.
However, the effect on property prices is not automatic. The impact of the East Bank Urban Village will depend on factors including how the project progresses, the wider economy, mortgage affordability, housing supply, and buyer demand.
With the planning process underway and the first phase anticipated to begin from 2027, the development is worth monitoring alongside Hull’s wider property market.
What this means if you already own in or around central Hull
The East Bank Urban Village development site is on the eastern side of the River Hull, around Tower Street in HU9. It sits close to Hull’s city centre and waterfront areas, including HU1, while HU2 covers areas further north of the city centre.
For homeowners in and around central Hull, the development forms part of a broader picture of investment and regeneration across the city.
It is too early to say precisely how the East Bank project will affect individual property values in surrounding areas. Values will continue to depend on the characteristics of each property as well as wider market conditions.
If you are considering selling or moving, an up-to-date property valuation can help you understand how your home compares with recent local sales and competing properties currently on the market.
A new chapter in Hull’s city-centre living story
Hull has undergone significant change over recent years. The legacy of its year as UK City of Culture, regeneration around the Fruit Market, development around the Marina, and investment in transport infrastructure have all contributed to changes across the city centre and waterfront.
The East Bank Urban Village represents another major part of that longer-term regeneration story.
Up to 850 homes are proposed across the wider masterplan, but they will be delivered over a number of phases rather than appearing overnight. The planning process is underway, funding has been committed to support the project, and the first phase is anticipated to begin in 2027.
For buyers and homeowners, the development is therefore something to follow as Hull continues to evolve.
Move with confidence – Northwood Beverley & Hull is here to help
At Northwood Beverley & Hull, we are not here to give you a glossy pitch. We are here to give you honest, grounded advice about what Hull’s property market is doing and what it means for your specific situation.
Whether you are a first-time buyer considering different parts of Hull, an existing homeowner wondering whether now is the right time to upsize, or someone trying to understand what regeneration and changing market conditions could mean for your property, we have the local knowledge and market information to help you make an informed decision.
Northwood Beverley & Hull works with buyers and sellers across the area every day. We understand the local market and are ready to help you navigate it.
Book a valuation with Northwood Beverley & Hull today to get an up-to-date assessment of what your property could be worth in the current Hull market. Get in touch with our branch directly to speak with one of our team – no pressure, no jargon, just straight answers.
Freedom starts with Northwood. Let’s talk about your next move.
