Fifth Grove | York | Property Investment Opportunities

Investment Highlights

  • Great Location
Register your Interest
  • Prices from £180,000
  • Short-lets approved
  • Yields up to 5% AST
  • Completing January 2024
  • £0 ground rent
  • 250-year lease
  • 20% on exchange (10% protected)
  • All apartments come with their own private entrance and include either a garden or Juliette balcony
  • Parking available to selected homes

The development is unique in its design with all ground floor apartments offering a garden space and every apartment comes with its own private entrance.

Delivered by Helmsley Group, with over 40 years of experience and an excellent track record which includes the development of specialist residential conversions, Listed Buildings and commercial HQ buildings.

Ideally located on the edge of St Nicks Nature Reserve and Environment Centre, Fifth Grove offers the perfect mix of peaceful suburban living whilst being a short five-minute drive from the City Centre. Most that York has to offer is easily accessible, with York Train Station a 14-minute cycle, University of York a 22-minute walk and York Minster a 26-minute walk. Also, less than a 10-minute drive are York Science Park, York Racecourse, and York Hospital.

York has established itself as a hub for high-value, high-growth industries. These include:

  • Railway engineering
  • Digital tech
  • Bioscience
  • Financial and professional services
  • Environmental Technologies
  • Tourism

Investors will benefit from a high calibre of tenants, with the City Council noting “just under half of York’s residents are qualified to a degree level or higher, meaning that the city has the highest skills levels of any city in the North of England”. With more young professionals taking up higher-paid jobs, the average disposable income will increase – this is great news for property investors who will see a higher demand for quality rental properties.

A total of 16,000 people are employed in the biotechnology sectors and 3,000 are employed in the digital, creative and IT sectors. York was designated a UNESCO City of Media Arts with over 250 creative, media and arts companies calling the city home. There are also 22,000 students at the University of York and a further 6,500 students at York St John University, so investors can rest assured knowing rental demand is high.

York is located almost exactly halfway between London and Edinburgh on the East Coast Mainline railway. London King’s Cross to York takes just 1 hour 52 minutes by LNER service. There are also good train services to Newcastle, Leeds, and Manchester. York is also on the A64 road 22 miles from Leeds and close to the A1 and M1. York also has an extensive park and ride system.

York will be one of the cities directly benefiting from HS2. High-speed trains will serve York station, making the city more readily accessible to tourists and business visitors. HS2 gives some examples of how the new line will speed connections.

  • East Midlands Hub, HS2 time 35 minutes
  • Birmingham, HS2 time 57 minutes / current time 112 minutes
  • London, HS2 time 84 minutes / current time 111 minutes

*Our calculators are provided for illustrative purposes only, they do not take your personal circumstances into consideration and the results are not guaranteed to be accurate or fit for any purpose. The presented results should not be taken as professional advice, or relied upon as the sole basis for making important decisions.

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