According to the public record, Flat 3, Minsters Reach, York is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 633 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Minsters Reach, High Newbiggin Street, York, YO31.
High Newbiggin Street, York, YO31 is located within the YO31 postal district.
Flat 3, Minsters Reach, York has a single entry in the Land Registry database from May 2019 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 3 Minsters Reach York as £252,199 and the rental value as £1,063 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 3 Minsters Reach York has increased by £8,045 (3.2%) and its rental value has increased by £28 per month (2.6%).
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 3, Minsters Reach, York is in very good condition we estimate a sale value of £264,809 and rental value of £1,116 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £234,545 and a rental value of £989 per month.
If you were able to purchase this property for the estimated value of £252,199, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,239 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 3, Minsters Reach, York was last sold on 08 May 2019 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2019, the market for similar properties has risen 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Minsters Reach, York within a radius of 430 metres over the last 2 years.
The most recent example is Apartment 10, St. Johns Mews, Penleys Grove Street, York, YO31 7AH, a Leasehold flat which sold for £245,000 in Apr 2022.
Read more about house prices in YO31.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
High Newbiggin Street, York, YO31 has a total of 11 addresses. According to our analysis of all the public data, Flat 3, Minsters Reach, York is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £70k less expensive than the average property in YO31.
The closest station to Flat 3, Minsters Reach, York is York station which is 1.1 kilometres 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 3, Minsters Reach, York, 52.3% of property is privately rented and 31.1% 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 3, Minsters Reach, York, 32.5% of residents are recorded as possessing school level qualifications and 57.6% 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 3, Minsters Reach, 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 3, Minsters Reach, York, 1.4% 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 3, Minsters Reach, York, there are an average of 0.7 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.