Interested in property and the market that surrounds in York?
We've prepared a document which compares YO26 to YO31 in regards to both the average price that different types of properties sold for, as well as the number of each type of property that was sold per month, comparing the 2014 market to the 2018 market. This data was then used to give an example of the type of rental yield that can be achieved via different types of properties in the two areas in 2018, as well as an insight into the capital growth accrued over the last 4 years.
According to the Office for National Statistics composite price index, prices in 2018 are 8.74% higher than prices in 2014.
The pound experienced an average inflation rate of 2.12% per year during this period.
YO26 – 2014 Average Price
Detached – £342,829
Semi Detached – £204,622
Terraced – £167,742
Flat – £154,191
YO26 Rental Yield 2018
Detached – 2.8% (Average Rent £1000pcm)
Semi Detached – 4.1% (Average Rent £825pcm)
Terraced – 4.4% (Average Rent £695pcm)
Flat – 5.4% (Average Rent £725pcm)
YO26 – 2018 Average Price
Detached – £435,820
Semi Detached – £242,120
Terraced – £190,348
Flat – £160,561
YO26 Capital Growth (2014-18)
Detached – 27.12%
Semi Detached – 18.33%
Terraced – 13.48%
Flat – 4.13%
YO31 – 2014 Average Price
Detached – £298,590
Semi Detached – £212,808
Terraced – £187,498
Flat – £135,083
YO31 Rental Yield 2018
Detached – 3.3% (Average Rent £975pcm)
Semi Detached – 4% (Average Rent £875pcm)
Terraced – 3.4% (Average Rent £725pcm)
Flat – 5.2% (Average Rent £750pcm)
YO31 – 2018 Average Price
Detached – £354,023
Semi Detached – £260,265
Terraced – £260,089
Flat – £173,462
YO31 Capital Growth (2014-18)
Detached – 18.56%
Semi Detached – 22.3%
Terraced – 38.71%
Flat – 28.41%
Happy to help.
Please feel free to call Elliot on 01904 231022 or via email at elliot.bortman@belvoir.co.uk if you'd like to receive the full document.
Alternatively, I'd be happy to prepare a similar document for any other post codes in the York area, free of charge.
