Welcome to Marlowe House
Sat within the highly sought-after location of Holgate Park Drive at prices ranging from £190,000 to £240,000 in a prime area of York, we are delighted to bring the development at Marlowe House to market.
Offering an estimated 5% yield at a service charge of £1.76 per sqft – homes range from 361 to 484 sqft – these properties act as perfect investment for first-time and professional landlords alike.
So, why should you invest in York?
According to estimates, York's population has reached 213,070 and is expected to surpass 218,680 residents by 2035. This growth is anticipated to bolster the expanding economy and sustain the upward pressure on house prices.
York has been unable to keep up with the high demand for housing. On average, only 299 new homes were constructed each year from 2011-2021. If current trends persist, demand for rental properties will continue to rise, and rents along with it.
The housing market in York has been persistently undersupplied. The competition among buyers is fierce, where properties sell on average 10 days faster than in Leeds (81 days). The average rent in York has also increased considerably, to around £900.
The Perfect Place
Offering modern and high specification homes just a stone's throw away from York’s city centre, Marlowe House promises to offer residents bright, contemporary living with a wealth of amenities and opportunities right on their doorstep. The development is only a short walk to the train station and is situated on a dedicated cycle route offering quick and easy access straight into the vibrant city centre down tree-lined avenues.
Holgate is a tranquil neighbourhood located on the western outskirts of York’s lively city centre. This leafy area is renowned for its tree-lined roads and expansive 1930's red-brick terraces, providing residents with a peaceful escape while still being within easy reach of all the city has to offer.
The neighbourhood also boasts a range of amenities that make it an ideal place to call home, such as shops, cafes, pubs, restaurants, and several highly-rated schools according to OFSTED.