Flat 1, Merchants Place
Flat 1, Merchants Place
Description & Estimates
Public records show Flat 1, Merchants Place, York to be a modern leasehold apartment with 678 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 1, Merchants Place, York has an estimated sale value of £311,634 and an estimated rental value of £1,403 per month, assuming reasonable condition and based on the information available.
The apartment sits within Merchants Place, Merchant Gate, York, YO1.
Merchant Gate, York, YO1 lies within the YO1 postal district.
Our Data Sources
Flat 1, Merchants Place, York has 3 entries in the Land Registry , most recently in July 2020 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate Flat 1, Merchants Place, York would be worth £327,215, with a potential rental value of £1,473 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £289,819, with a rental value of £1,305 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 1, Merchants Place, York has increased by £2,872 (0.9%) over the last year. During the same period, its estimated monthly rental value has grown by £73 (5.2%). The property's estimated gross yield is currently 5.4%.
Energy Efficiency
Flat 1, Merchants Place, York has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
Flat 1, Merchants Place, York last changed hands on 20th July 2020, selling for £280,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 2.5% since July 2020.
- Sold Jul 2020£280,000
- Sold Apr 2015£268,000
- Sold Feb 2008£228,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 280 metres of Flat 1, Merchants Place, York across the last 2 years.
Most recently, Flat 4, Merchants Place, Merchant Gate, York, YO1 9TU, a leasehold flat, sold at £320,000 on the 12th April 2018.
Read more about house prices in YO1.
- Sold Apr 2018£320,000 | 2 Bed FlatFlat 4, Merchants Place, Merchant Gate, York, YO1 9TUFlat 4, Merchants Place, Merchant Gate, York, YO1 9TU
- Sold Nov 2017£297,500 | 2 Bed Flat22 John Walker House, Dixons Yard, York, YO1 9SX22 John Walker House, Dixons Yard, York, YO1 9SX
- Sold Jun 2015£285,000 | 2 Bed Flat6 Piccadilly Lofts, Piccadilly, York, YO1 9NX6 Piccadilly Lofts, Piccadilly, York, YO1 9NX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 1, Merchants Place, York as the 12th largest and the 12th most expensive of the 13 addresses on Merchant Gate, York, YO1.
Against the YO1 postcode district average, it is £5k less expensive than the typical property.
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Schools Nearby
- 600mFishergate Primary School
- 700mSt Wilfrid's Catholic Primary School - a Catholic Voluntary Academy
- 800mSt George's Catholic Primary School - a Catholic Voluntary Academy
- 1.2kmMillthorpe School
- 1.3kmAll Saints Catholic School York
- 2.5kmFulford School
More reading links
Public Transport Nearby
York station is the nearest stop to Flat 1, Merchants Place, York at 1.0 kilometres away.
- 1.0kmYork
- 5.1kmPoppleton
- 14.1kmHammerton
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a low risk of flooding.
