12 August 2019

YORK'S house prices have once again bucked the national trend - posting a 4% year-on-year increase, according to new research.

This compares to a UK house price growth rate of 1.2% in the same period, underlining the fact that the York property market is not just healthy - but also robust in the face of Brexit and other economic challenges.

In fact, its average house price has soared by 28% in just five years, making it one of the best-performing areas in the country.

In the past 12 months, there have been 3,979 sales - that's almost 11 every day - with the average price increasing to £255,155.

According to our York Valuation Manager, Stuart Robinson, one-quarter of all sales were detached homes, with larger family homes being particularly sought-after.

He revealed that average price of a detached home in York now stands at £364,154 - higher than both the Yorkshire and Humber average (£275,132) and the England and Wales average (£349,359).

He singled out these two detached York properties, newly-launched to market through our branch in Low Ousegate, as good examples of what is currently in demand:

 

Ainsty Garth, Appleton Roebuck
4-bedroom detached
£625,000
Click here for more information

Main Street, Fulford
3-bedroom detached
£379,995
Click here for more information

Stuart added that the research highlighted YO19 as the York postcode with the most sales in the past three months, while the highest three transactions were £815,000 for a property in Malt Kiln Lane YO23; £775,000 for one on Grosvenor Terrace YO30; and £770,000 for one in Boroughbridge Road YO26.

'Around one-in-six sales in York are now apartments, as first-time buyers and 'downsizers' turn to city living in ever-increasing numbers, with flagship developments like Hungate breathing new life into the centre,' he said.

This fantastic two-bedroom, fifth-floor apartment with exquisite views of the River Foss and beyond is classic of what Hungate city living has to offer:

Bellerby Court, Hungate
2-bedroom apartment with river views
£325,000
Click here for more information

Whether buying or renting - the research showed that 17.7% of people in York live in privately-rented accommodation - the city's amenities also outperform the rest of Yorkshire.

Ultrafast broadband is available to twice as many residents than the regional average; 20.9% of homes have an 'outstanding' Ofsted primary school as their nearest, compared to just 14.6% regionally; and there is more chance of getting a table for dinner, with 1,533 residents per York restaurant, opposed to 2,454 residents per restaurant across Yorkshire and the Humber as a whole.

For more information on the York market, or to request a sales or rental valuation click here.

Did you know you can find out what your property is worth in less than 60 seconds with our FREE instant online valuation - click here.

Search all our York properties here.

*Data quoted is correct as of 7/8/2019, and is taken from Land Registry and Dataloft.

The Property Ombudsman
Association of Residential Letting Agents
Association of Residential Letting Agents
On the Market January 2015
Safe Agent Logo
Martin House Logo