Flat 2, Merchants Place
Flat 2, Merchants Place
Description & Estimates
Flat 2, Merchants Place, York is recorded publicly as a modern leasehold apartment across 528 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Flat 2, Merchants Place, York is £269,727 and its rental estimate is £1,262 per month, given the available information and assuming reasonable condition.
Merchants Place, Merchant Gate is a residential building on Merchant Gate, York, YO1 and falls within the YO1 postal district.
Our Data Sources
Flat 2, Merchants Place, York has 2 entries in the Land Registry , most recently in August 2014 and a single entry in the EPC database dated June 2009.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 2, Merchants Place, York, we estimate a market value of £283,213 and a rental value of £1,325 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £250,846 and £1,174 per month respectively.
Recent Market Change
Over the last year, Flat 2, Merchants Place, York has seen its estimated sale value grow by £2,486 (0.9%) and its estimated rental value climb by £65 per month (5.2%). This results in an estimated gross rental yield of 5.6%.
Energy Efficiency
Flat 2, Merchants Place, York has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Jun 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric underfloor heating.
Sold Prices
The most recent sale of Flat 2, Merchants Place, York completed on 21st August 2014 at £245,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 24.2% over the period since August 2014.
- Sold Aug 2014£245,000
- Sold Feb 2008£200,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, Merchants Place, York have sold within a radius of 280 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st January 2020, was Flat 4, 29, Walmgate, York, YO1 9TX, a leasehold flat which sold for £172,000.
Read more about house prices in YO1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 13 addresses on Merchant Gate, York, YO1, Flat 2, Merchants Place, York comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £47k less expensive than the average property across the YO1 district.
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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
From Flat 2, Merchants Place, York, the nearest station is York, 1.0 kilometres away.
- 1.0kmYork
- 5.1kmPoppleton
- 14.1kmHammerton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated low, based on Environment Agency data.
