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Garnet Terrace, York

Yorkshire

£225,000
Listed on 02/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
860 sqft

Description

This three-bedroom mid-terrace home is situated in a well-established neighborhood of York, known for its strong community feel and accessibility. The property presents a compelling opportunity for those interested in undertaking a renovation project, allowing you to customize the space to fit your vision. The location is particularly advantageous for commuters, with superb transport links facilitating easy access to the city center, railway station, and the outer ring road. Families will appreciate the proximity to reputable schools and local amenities, including shops and cafés. Additionally, the nearby riverside walks enhance the appeal of this vibrant area. Stepping inside, you are greeted by a welcoming hallway that leads into the living-dining room. This dual-aspect room benefits from natural light streaming in through both a traditional bay window at the front and a rear window. At the back of the home is a kitchen that stands out with its ample width compared to typical galley kitchens found in similar properties. It features an array of wall and base units that provide potential for modern upgrades. Adjacent to the kitchen is a bathroom equipped with a white suite. On the first floor, you'll find three bedrooms, with the primary bedroom positioned at the front, offering good-sized accommodation for families or guests. Outside, there’s a low-maintenance forecourt that adds charm to the front of the house, while a small courtyard at the rear presents possibilities for outdoor relaxation or gardening. This property requires complete renovation and modernization, making it an ideal canvas for investors or buyers looking to create their perfect home in an increasingly sought-after area.

Investment Analysis

(YO26 area)

Below Market Value

This property is priced -23.3% below area average per sq ft

-23.3%
Potential saving
This Property
£262/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£322,586
10% above area average per sq ft
Potential ROI
+5.8%
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
£824
Based on a loan of £168,750 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