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How much does a house for sale cost in York?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in York?

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Whenever looking for a house for sale in the UK or in York, it is vital you look at the market trends and house price fluctuations in the wider area of North Yorkshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of York.

In this article, we will be looking at the city of York in detail so you know how to navigate the area and have a better understanding on where to invest.

What is the asking price on average of houses for sale in York?

In the city of York, what is the average asking price for the houses for sale?

Average asking price (1 bed) £164,895
Average asking price (2 bed) £239,698
Average asking price (3 bed) £277,708
Average asking price (4 bed) £400,316
Average asking price (5 bed) £642,500

After looking at this table about prices of houses for sale in York, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

On average, in York, the asking price for a house for sale in the area is £294,884.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in York. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Advice from experts on properties for sale in York

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

Other cities in different locations you can consider to buy property

Below is a list of towns that differ from York.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to North East:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

A house for sale that is right for you

Many criteria impact the price of houses for sale in York.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

What is the final sale price of a house in York?

In York, houses for sale are sold at an average of £225,814. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in York. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £304,660
Aerage sold price (semi-detached) £204,159
Aerage sold price (terraced) £209,134
Aerage sold price (flat) £138,843

As you can see above, for York, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,568
Aerage sold price/sqft (new build) £2,733
Aerage sold price/sqft (old stock) £2,451

Looking at the second table about York, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in York is £2,568.

Why you should consider the average rental yield when searching for houses for sale in York

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in York. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in York.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (North Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, York.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
York £0 £1,110 £1 £0
North Yorkshire 3.44% £908.89 121.00% 17.57%
North East 0.05 757.25 £1 19.25%

You may also find it useful to compare the data above to the number of properties sold per month York experiences. This figure for house sales per month is 6. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Is the housing market in York growing?

Before committing to York to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
York growth rate 0% 12% 26%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate York is building housing to find your answer.

What are the people like in York?

What is the education level like in York?

In the city of York, 29% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of York is £38,862.50. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

York in the county of North Yorkshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region York is located in; North East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in York, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What’s crime like in York?

For every one thousand people living in York, 17063% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 17063% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

What is the social grade score of York?

In the city of York, the social grade score of the area is 23%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of York.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

In York, what are the deprivation levels like?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For York, in particular, the deprivation levels are £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In the city of York, is there a lot of green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In York, 21 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in York.

What is the population of York?

In total, the number of people in York is 160534. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni York, depending on where exactly you are.

How has York changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of York has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in York?

6% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a York have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

How much are those living in York earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£38,862.50 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 23% for York.

Frequently Asked Questions

Do properties in York offer renovation potential?

York is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 4 each month, attaining a success rate of nan and a total population of 160534. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

What is the monthly count of property transactions in York?

York boasts a monthly total of 6 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like York change annually?

To assess the shifts in York’s population over time, analyse how the population has altered. Look at the ten year change of population of 6%, alongside the five-year change of 3%.

How much are houses for sale priced at in the extended region of York?

The current average price per square foot for a house in York stands at £0, considering the mean cost for each square foot of houses for sale there.

Would acquiring a house for sale in York be regarded as a high-priced option?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In York, the value is £225,814, whereas the UK’s mean is £286,500

Find an estate agent where you’re looking to buy in York

When buying, having the right expertise when navigating York and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Name of the Agent Phone Number Address Email Address
Appealing Properties 441905388657 14 Clifford street, York, YO1 9RD Phone number only
Your Move – Anscombs 441904595611 31/32 Colliergate, York, YO1 8BN Phone number only
Mudd and Co 441904409904 5 Peckitt Street, York, YO1 9SF nan
Quantum Estate Agents 441904409910 6 Walmgate, York, YO1 9TJ Phone number only
Hudson Moody 441904918021 16 York Street, Dunnington, York, YO19 5PN Phone number only

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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