Key indicators for buyers
The YO3 market is moderately favourable for buyers. Prices have softened (-2.5%), which could present a buying opportunity. Affordability has improved from a peak of 8.9x in 2022 to 7.8x today. Rising rents (£1,172/mo, +5.5%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in YO3 sold for £195,000 in 2018, with a median of £195,000 across 1 transactions. Prices fell 2.5% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider York area
A home in York costs 7.8x the local median salary — moderate, improving from a peak of 8.9x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider York area
Average monthly rent in York is £1,172, up 5.5% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average York price of £195,000 with a 25% deposit (£49k), a 2-year fixed mortgage at 3.97% costs around £770 per month.
Monthly cost comparison based on current data
Uses YO3 avg. price with York rental data
Monthly mortgage payments (£770) are £402 less than renting (£1,172). However, buying requires an upfront deposit of £49k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
GROUND FLOOR SHOP, 16, GILLYGATE YO3 7EQ | Other | £195,000 | 4 Jun 2018 |
HIGH ROANS FARM, STRENSALL YO3 5TR | Detached | £200,000 | 14 Sept 2011 |
FLAT 1, 19, AGAR STREET, YORK YO3 7PQ | Flat/Maisonette | £125,000 | 12 May 2006 |
7, 10, ST PETERS GROVE YO3 6AQ | Flat/Maisonette | £173,000 | 9 Mar 2005 |
FLAT 6 EASTERN VILLA, 96, HEWORTH GREEN YO3 7TQ | Flat/Maisonette | £112,500 | 16 Aug 2004 |
FLAT 1, 19, AGAR STREET, YORK YO3 7PQ | Flat/Maisonette | £112,000 | 18 Jun 2004 |
7, 10, ST PETERS GROVE YO3 6AQ |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
| Flat/Maisonette |
| £125,000 |
| 12 Apr 2002 |
22, MIDDLETON HOUSE, SKELDERGATE YO3 4YG | Flat/Maisonette | £110,000 | 24 Sept 1999 |
WINE SHOP/ OFF LICENSE, 37, OAK TREE LANE, HAXBY YO3 3YL | Terraced | £30,000 | 19 Mar 1999 |
FLAT 8, 19, AGAR STREET, YORK YO3 7PQ | Flat/Maisonette | £47,950 | 21 Nov 1997 |
The most recent recorded sale in YO3 was a other property on Gillygate for £195,000 in June 2018. Across the last 10 sales, the median price was £125,000.