According to the public record, Flat 12, Merchant Exchange 2, York is a modern leasehold apartment with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Merchant Exchange, Bridge Street, York, YO1.
Bridge Street, York, YO1 is located within the YO1 postal district.
Flat 12, Merchant Exchange 2, York has 21 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 12 Merchant Exchange 2 York as £354,143 and the rental value as £1,723 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 12 Merchant Exchange 2 York has increased by £7,821 (2.2%) and its rental value has increased by £29 per month (1.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 12, Merchant Exchange 2, York is in very good condition we estimate a sale value of £371,850 and rental value of £1,809 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £329,353 and a rental value of £1,602 per month.
If you were able to purchase this property for the estimated value of £354,143, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,741 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 12, Merchant Exchange 2, York was last sold on 29 Nov 2022 for £385,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, Merchant Exchange 2, York within a radius of 410 metres over the last 2 years.
The most recent example is Flat 4, Merchant Exchange 2, Bridge Street, York, YO1 6LT, a Leasehold flat which sold for £272,500 in Jun 2023.
Read more about house prices in YO1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bridge Street, York, YO1 has a total of 35 addresses. According to our analysis of all the public data, Flat 12, Merchant Exchange 2, York is the 12th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in YO1.
Flat 12, Merchant Exchange 2, York has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 12, Merchant Exchange 2, York is York station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 12, Merchant Exchange 2, York, 62.6% of property is privately rented and 16.3% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 12, Merchant Exchange 2, York, 36.6% of residents are recorded as possessing school level qualifications and 56.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 12, Merchant Exchange 2, York, the average age was 37.4 and the most common age was 22.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 12, Merchant Exchange 2, York, 2.6% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 12, Merchant Exchange 2, York, there are an average of 0.6 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.