Old Town, Hull
Bridging Loans Old Town Hull
Old Town Hull is the historic core of Kingston upon Hull, running from Holy Trinity Church and Trinity Square through High Street and the Land of Green Ginger down to the River Hull and Drypool Bridge. We arrange specialist bridging finance on the listed and conservation-area stock that dominates the quarter, from period townhouses on High Street and Bishop Lane to converted warehouses along the river edge and the merchants' mansions around Wilberforce House. Loan sizes here run higher than the wider HU1 average, reflecting the period-property premium.
Old Town median
£144,500
HU1 postcode area
Recent sales tracked
6
Land Registry, last 24 months
Dominant stock type
Flat
50% of recent transactions
Indicative monthly rate
0.55–1.5%
Subject to LTV, exit and security
The area
Old Town in context.
Old Town Hull is the medieval and Georgian heart of the city, sitting east of Queen's Gardens between Princes Dock Street and the River Hull. The area carries the largest concentration of listed buildings in Yorkshire outside York, with Holy Trinity Church (now Hull Minster) at its centre, Trinity House Lane running south to the merchants' frontages on Trinity Square, and High Street threading the length of the quarter from the Land of Green Ginger down to The Deep. Wilberforce House on High Street, the birthplace of William Wilberforce and now a museum of the abolition of the slave trade, anchors the area's heritage profile.
The Fruit Market quarter sits at the southern end of Old Town and crosses into HU1 territory, with Humber Street running the regeneration spine. The Deep, an aquarium and visitor attraction, sits at the confluence of the River Hull and the Humber Estuary. Streets like Whitefriargate, Silver Street, Lowgate, Bowlalley Lane and Bishop Lane retain Georgian and early Victorian commercial frontages, much of which has been converted into apartments above retail and office accommodation. The River Hull tidal barrier sits at the mouth of the river, completing the area's distinctive water-side frame.
Sold-data signal
Property market in Old Town.
Old Town sits inside the eastern half of HU1 and the southern fringe of HU2, where postcode-area medians are around £144,500 and £105,000 respectively. Those figures understate the Old Town pocket, where listed townhouses, converted warehouses and the better Fruit Market conversions trade well into the £200,000 to £500,000 band. Recent HU1 sales include a Prince Street terrace at £265,000, a George Street office conversion at £305,000 and a Jameson Street office conversion at £300,000, all giving useful comparable evidence for Old Town valuation work. HU2 transactions, including a Harley Street terrace at £170,000 and Sykes Street at £50,000, mark the lower bound of the quarter's price spread.
The property type split here is unusual for Hull, leaning heavily on converted commercial flats, period office stock and a small population of single-occupancy townhouses on High Street and Bishop Lane. Listed-building consent and conservation-area planning shape both the valuation work and lender appetite. Surveyors are particularly attentive to listed-building consent history, the standing of any past works and the going condition of the river-adjacent walls and yards.
Deal flow
Bridging activity in Old Town.
Three archetype deal flavours dominate Old Town bridging. First, refurbishment bridging on period commercial stock. Lowgate, Silver Street and Bowlalley Lane carry runs of Georgian and early Victorian merchants' houses, much of it part-let as office and part-vacant above. We fund medium and heavy refurb to convert upper floors to residential under permitted-development rights or full planning, typically on 12 to 18-month bridges at 0.85–1.25% per month with staged drawdowns against monitoring inspections. Loan sizes run £250,000 to £900,000.
Listed-building chain-break for owner-occupiers buying period townhouses
listed-building chain-break for owner-occupiers buying period townhouses on High Street and Bishop Lane. These are regulated cases, passed to our regulated partner firm, with rates from 0.55% per month and typical LTV of 65–70%. Listed-building consent timetables add term, so we structure facilities at 9 to 12 months rather than the 6-month standard.
Mixed-use commercial bridging on shop-with-office or shop-with-flats
mixed-use commercial bridging on shop-with-office or shop-with-flats stock along Whitefriargate. Loan sizes £200,000 to £600,000, terms 6 to 12 months, rates 0.95–1.25% per month, LTV 65%. The exit lands on a term commercial loan or, where the upper floors convert to residential, a portfolio BTL refinance.
Auction completions on probate sales of period
Auction completions on probate sales of period townhouses are a smaller fourth stream, with national rooms occasionally listing distinctive Old Town lots that we have completed inside 14 days from offer.
Capital-raise bridging against unencumbered Old Town period
Capital-raise bridging against unencumbered Old Town period stock is a fifth recurring stream. Long-standing owners with mortgage-free Georgian houses on High Street raise second-charge facilities to fund deposits on the next acquisition or to extend works on an existing project, typically £200,000 to £500,000 at 55–60% LTV and 0.85–1.05% per month over 6 to 12 months. Exit on the funded sale elsewhere or on a residential remortgage once works complete.
Streets and postcodes
Named streets we work across.
Old Town sits in HU1 1 and the eastern half of HU1 3, with the northern fringe touching HU2 8.
Postcode areas
Streets in our regular bridging flow (11)
Read the full Old Town geography note ›
Old Town sits in HU1 1 and the eastern half of HU1 3, with the northern fringe touching HU2 8. Named streets in our bridging book include High Street running from Hull Minster down to The Deep, Silver Street and Whitefriargate carrying the historic retail spine, Lowgate, Bishop Lane and Bowlalley Lane threading the merchants' quarter, Land of Green Ginger and Manor Street linking through to the Marina, and Posterngate and Princes Dock Street fronting onto the western boundary. Trinity Square, Holy Trinity Church (Hull Minster) and Wilberforce House sit at the geographic centre of the quarter. The Fruit Market frontage runs along Humber Street and Wellington Street West, with the river-side dock yards still partly active. The Pier and Nelson Street mark the southern boundary at the river mouth, with Pier Street fronting the harbour.
Demand drivers
Transport and rental demand.
Old Town has the city's tightest road network and limited resident parking, both of which feed value into stock with off-street parking or yard access. Hull Paragon Interchange sits a 10-minute walk west, with direct rail services to Leeds, Sheffield, Doncaster and London King's Cross. The A63 elevated road runs along the southern boundary, delivering quick access onto the M62 corridor and the Humber Bridge to North Lincolnshire.
Demand drivers are the heritage tourism economy at Hull Minster, Wilberforce House and the Streetlife Museum, the Fruit Market creative and food quarter, The Deep aquarium drawing around 250,000 visitors a year, and the strong owner-occupier draw of period property within walking distance of Marina and Fruit Market dining. Hull's status as 2017 UK City of Culture lifted the area's residential conversion economy substantially and the post-Culture demand for converted apartments on High Street, Lowgate and Wellington Street West has held firm. The wider East Riding of Yorkshire commuter market sees Old Town as the prestige residential pocket of central Kingston upon Hull.
Recent work
Our work in Old Town.
Recent Old Town deals include a £620,000 refurbishment bridge on a Lowgate merchants' house converting to four apartments under permitted-development rights, 15 months at 1.05% per month and 65% LTV, with staged drawdowns released against monitoring inspections as listed-building consent items were signed off. We also arranged a £390,000 chain-break bridge on a High Street period townhouse for an owner-occupier upsizing within the quarter, structured as a 9-month regulated facility passed to our regulated partner firm at 0.65% per month. A third recent case funded a £445,000 mixed-use commercial bridge on a Whitefriargate shop-with-office, 12 months at 1.05% per month, exiting to a term commercial loan once the upper floors had been let to a creative agency.
A fourth case raised £280,000 second-charge against an unencumbered Bishop Lane period house for the borrower's deposit on a Cottingham acquisition in the East Riding, structured as a 9-month bridge at 0.95% per month and 55% LTV, exited cleanly on completion of the onward sale. The case illustrates the recurring Old Town pattern: long-term owners with substantial equity in listed stock using short-term capital raises to move quickly on the next deal across Kingston upon Hull and the East Riding of Yorkshire without disturbing the underlying residential position.
Land Registry, recent sold prices
Old Town sold-price evidence
The most recent registered transactions across the HU1 postcode area, drawn from HM Land Registry Price Paid Data. Underwriters and valuers work from this evidence on every Old Town bridge we arrange.
HU1 median
£144,500
| Date | Street | Postcode | Type | Sold price |
|---|---|---|---|---|
| Mar 2026 | George Street | HU1 3BN | Flat | £95,000 |
| Feb 2026 | Prince Street | HU1 2LJ | Terraced | £265,000 |
| Dec 2025 | High Street | HU1 1NG | Flat | £42,000 |
| Dec 2025 | Liberty Lane | HU1 1AY | Flat | £130,000 |
| Nov 2025 | Jameson Street | HU1 3HR | Other | £300,000 |
| Nov 2025 | George Street | HU1 3AB | Other | £305,000 |
Source: HM Land Registry Price Paid Data, last refreshed for the Hull network in the trailing 24-month window. Bridging facilities are priced against the open-market value at the time of underwriting, not at the historic sold price.
FAQs
Old Town bridging questions
Can you bridge a listed building in Hull Old Town?
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Yes. Listed status does not preclude bridging, but it does narrow the lender panel and shape the valuation. We use lenders comfortable with Grade II and Grade II* listed residential and commercial stock, expect a chartered surveyor familiar with listed work, and build extra term into the bridge to absorb listed-building consent timetables. Heavy refurb on Old Town listed stock usually runs 12 to 18 months rather than the standard 9. We have a small panel comfortable with the High Street and Bishop Lane period book.
Is bridging in HU1 always regulated?
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No. HU1 contains both owner-occupier homes, which trigger regulated bridging treatment, and investment stock, which does not. Regulated bridging on a borrower-occupied Old Town townhouse passes to our regulated partner firm. Unregulated bridging on investment property, Fruit Market conversion BTL or commercial refurbishment we arrange directly with the lender. Most Old Town conversion and capital-raise cases sit on the unregulated side of the line.
Tell us about the deal
Talk to a Old Town bridging specialist.
Quick triage call, indicative lender terms inside 24 hours. We cover every HU postcode and the wider East Riding of Yorkshire property market.
Next step
Talk to a Hull bridging specialist.
Indicative terms in 24 hours. We work on most cases within East Riding of Yorkshire on a same-day enquiry response and complete in 7 to 21 days where the title and valuation cooperate.