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Water Lane, York

Yorkshire

£450,000
Listed on 07/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1001 sqft

Description

This charming three-bedroom detached family residence is situated on a sought-after street just off Water Lane, nestled close to Clifton Green and renowned local schools. Its advantageous location provides easy access to the diverse amenities of York city centre, which is within a pleasant walking distance. Unique for its area, this property stands on a generous plot where typically semi-detached homes dominate, making it an appealing proposition for both families and investors alike.<br><br>Upon entry, you are greeted by a quaint porch leading into a traditional hallway that exudes character and warmth, enhanced by the natural light streaming through original bay windows. The well-sized dining room sits at the front of the house, with double-glazed doors inviting you into the living room at the rear, creating flexible spaces perfect for entertaining or family gatherings. The adjacent kitchen also overlooks the established rear garden, presenting potential for modernisation and reconfiguration.<br><br>On the upper level, you'll find two spacious double bedrooms alongside a third smaller room suitable for use as a nursery or home office. The bathroom services this floor but offers opportunities for updates to meet modern standards.<br><br>The exterior features a driveway accommodating multiple vehicles and leads to an attached garage, complemented by an attractively landscaped front garden. A delightful archway guides you to a private rear garden filled with mature shrubs and well-defined borders, presenting an inviting atmosphere for outdoor living and entertaining.<br><br>This property has been lovingly cared for over the years; however, it offers considerable scope for renovation or extension (subject to necessary permissions), making it an excellent investment opportunity without any onward chain.

Investment Analysis

(YO30 area)

Above Market Value

This property is priced +29.0% above area average per sq ft

+29.0%
This Property
£450/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£397
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£383,678
10% above area average per sq ft
Potential ROI
-20.9%
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
31%
Properties sold annually

Local Market Trend (YO30)

Area prices are falling by +5.3% over the last 12 months
3 year growth: -1.9%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on YO30 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

Water Lane, 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
£1,648
Based on a loan of £337,500 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