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Garnet Terrace, York

Yorkshire

£250,000
Listed on 11/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
935 sqft

Description

This mid-terrace property, featuring two bedrooms, is situated in an increasingly popular area, providing a solid foundation for first-time buyers and investors alike. The convenient location offers easy access to York's city center, railway station, and the outer ring road, making commuting and local travel straightforward. Additionally, well-regarded local schools, bus routes, and a variety of shops and cafés are just a short distance away. Upon entering the property, you’ll find an inviting hallway—a rare feature in terrace homes—that leads to a spacious living room and a separate dining area. These rooms offer flexible options for both comfort and entertaining. The ground floor also includes a sizeable kitchen along with a storage room that can be utilized creatively to enhance the space further. Upstairs, two generously sized double bedrooms are complemented by a family bathroom, all of which present opportunities for modernization or reconfiguration to suit personal tastes. The private walled courtyard at the rear holds great promise; it could be transformed into an appealing outdoor area ideal for relaxing or entertaining guests. With on-street parking readily available and York's robust rental market in mind, this property represents an attractive investment prospect. It’s equally suitable for those looking to establish their first home while adding value through thoughtful renovations.

Investment Analysis

(YO26 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£267/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£350,719
10% above area average per sq ft
Potential ROI
+29.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (YO26)

Area prices are falling by +9.1% over the last 12 months
3 year growth: -4.7%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on YO26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Garnet Terrace, York
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE