Flat 3, Merchants Place
Flat 3, Merchants Place
Description & Estimates
According to the public record, Flat 3, Merchants Place, York is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 3, Merchants Place, York is £325,843 and the estimated rental value is £1,446 per month.
The apartment is within Merchants Place, Merchant Gate, York, YO1.
Merchant Gate, York, YO1 is located within the YO1 postal district.
Our Data Sources
Flat 3, Merchants Place, York has 2 entries in the Land Registry , most recently in March 2015 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
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, Merchants Place, York is in very good condition we estimate a sale value of £342,136 and a rental value of £1,518 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,034 and a rental value of £1,345 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 3, Merchants Place, York has climbed by £3,003 (0.9%), while its estimated rental value has risen by £75 per month (5.2%). Based on current estimates, the property offers a gross rental yield of 5.3%.
Energy Efficiency
Flat 3, 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
According to HM Land Registry, Flat 3, Merchants Place, York was last sold on 13th March 2015 for £325,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since March 2015, the market for similar properties has risen by 14.6%.
- Sold Mar 2015£325,000
- Sold Jan 2008£237,600
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Merchants Place, York within a radius of 280 metres over the last 2 years.
The most recent example is Flat 11, Merchants Place, Merchant Gate, York, YO1 9TU, a leasehold flat which sold for £297,000 on the 31st January 2020.
Read more about house prices in YO1.
- Sold Jan 2020£297,000 | 2 Bed FlatMerchants Place, Merchant GateFlat 11, Merchants Place, Merchant Gate, York, YO1 9TU
- Sold Nov 2017£297,500 | 2 Bed FlatDixons Yard22 John Walker House, Dixons Yard, York, YO1 9SX
- Sold Oct 2015£297,000 | 2 Bed FlatPiccadilly9 Piccadilly Lofts, Piccadilly, York, YO1 9NX
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Merchant Gate, York, YO1 has a total of 13 addresses. According to our analysis of all the public data, Flat 3, Merchants Place, York is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in YO1.
More reading links
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
The closest station to Flat 3, Merchants Place, York is York station, which is 1.0 kilometres away.
- 1.0kmYork
- 5.1kmPoppleton
- 14.1kmHammerton
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
