Property Market Report - Amazon Web...

Property MarketReport

13 January 2014

20 Milton Street,YO10 3EP

MY DESKTOP REF

valuationestimates

Reference: 4/MY DESKTOP REF

Valuation date: 13 Jan 14

Estimated current value: £157,550

Valuation range: £144,800 to £182,400

Address: 20 Milton Street,York,YO10 3EP

Comments:Here is an additional comment which will appear in the final report.

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generalstreet

info

Milton Street in York YO10 comprises 55 homes. All of them are residential which means there is nocommercial property in Milton Street. The information on these homes provided below comes from ourown data, third-party data and information about Milton Street submitted to us directly by the generalpublic.

The most recent house purchase in Milton Street was 32, which sold for £180,000 on 15/02/2013. Themost expensive transaction that has been recorded in Milton Street is 31. It sold for £220,000 on21/04/2008. The property sale that has the lowest recorded price in Milton Street is 9, which sold for£29,920 on 27/04/1998.

7 properties on Milton Street are flats (including apartments and maisonettes). Some of these propertiesare relatively old, as at least 7 of them were built more than 110 years ago. Properties on Milton Streetare, on average, worth £156,297, which makes it one of the least expensive places to live in YO10York, where the average house price is £182,669. This value is derived from the free automatedvaluation estimates provided on the Mouseprice website. In the mortgage lending industry theseautomated valuations are known as AVMs. There are 71 transactions which have been recorded inMilton Street by HM Land Registry. This gives us reasonable AVM coverage for York YO10.

There are currently no properties for sale in Milton Street which are listed on Mouseprice.com but thereare many properties for sale in York YO10. Their asking prices range from £64,950 to £548,000, with anaverage asking price of £197,089. One of the most recent properties to be listed as for sale in YorkYO10 was on Lawrence Street, YO10, and was put on the market for £165,000 on 03/12/2013. Thereare some discounted properties for sale in York YO10. For example, a property with a previous askingprice of £250,000 has been discounted by 0% and is now on the market for £249,950.

The Mouseprice.com website lists 19 properties for rent in York YO10, but none of these are in MiltonStreet.

Residents of Milton Street with young children at Saint Lawrence's Church of England Voluntary AidedPrimary School are located very conveniently, as the school is just a short walk away on HeslingtonRoad. Milton Street is also great for local amenities. There is a Post Office close by on Melrosegatewhich is an asset to the community and is a popular resource amongst local residents. As well as that,drivers who live in Milton Street are lucky enough to have a petrol station just minutes away from themon Hull Road. However, this may not be the cheapest one available in the area.

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comparableproperties

The table below shows similar homes in the vicinity of the property in question. "Last sale" refers to theprice and date of the most recent transaction in the Land Registry database. The Listing data is fromthe last time an estate agent marketed the property online.

5 Milton Street, YO10 3EP Distance : 0.0km

Last sale price:Last sale date:Property type:Year built:

£145,00016 Dec 05Terrace1880

Bedrooms: 4Floor area: 42sqmWorth: £153,000Tax band: B

Listing price: naListing start: naListing end: naStatus: na



£137,50014 Dec 10Terrace1900


Listing price: £650Listing start: 15 Sep 12Listing end: 06 Oct 12Status: Available



£83,00007 Mar 01Terracena





£137,00030 Apr 12Terrace1880


Listing price: £139,950Listing start: 18 Jan 12Listing end: 29 Feb 12Status: Available



£57,75002 Feb 98Terrace1898





£51,00013 May 97Terracena



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averageheatmap

The heatmap of average prices is based on the median current value of property in each square visibleon the map. Where we have no data on any residential property within a square, we do not show avalue.

© 2013 Nokia© 2013 Nokia © 2014 Microsoft Corporation© 2014 Microsoft Corporation

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£ sqmheatmap

This heatmap is based on the median £ per sqm of property in each square visible on the map. Wecalculate the £ per sqm for each property by an automated valuation divided by our estimated area ofa property. Where we have no data on any residential property within a square, we do not show a value.


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£ censusheatmap

Density of housing owned by either a social landlord or local authority - split by 2011 census outputareas. Data available only for England and Wales.


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currentlyon market

The information below shows a selection of nearby properties currently on the market. Street name,postcode district, asking price, bedroom number, property type and number of days on market areshown for each property where available.

Lawrence Street, YO10 3EG£165,000, 2 bed Flat, 42 days

Heslington Mews, YO10 5BT£170,000, 2 bed Terrace, 53 days

Farrar Street, YO10 3BZ£170,000, 2 bed , 59 days

Brinkworth Terrace, YO10 3DE£150,000, 2 bed Flat, 67 days

William Plows Avenue, YO10 5AD£119,950, 1 bed Flat, 79 days

Horsman Avenue, YO10 5AN£129,950, 2 bed Flat, 81 days

Olympian Court, YO10 3UN£145,000, 2 bed Flat, 97 days

Abbotsford Road, YO10 3EE£159,950, 2 bed Semi-D, 109 days

Burlington Avenue, YO10 3TD£125,000, 2 bed Terrace, 126 days

Lawrence Street, YO10 3EG£150,000, 2 bed Flat, 153 days

Farrar Street, YO10 3BY£170,000, 2 bed Terrace, 213 days

Nicholas Gardens, YO10 3EX£167,950, 2 bed , 221 days

Olympian Court, YO10 3UE£170,000, 2 bed Flat, 256 days

Nicholas Gardens, YO10 3EY£159,950, 2 bed , 304 days

Constantine Avenue, YO10 3TA£149,950, 3 bed Terrace, 435 days

Speculation Street, YO1 9UF£139,950, 2 bed Flat, 515 days

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sales toasking price

ratios

A difficult question for potential house buyers is how much of the asking price they should offer.Equally difficult is the decision a house seller has regarding how much of a discount to asking pricethey should accept. Ultimately the decision on price comes down to how keen the buyer is to buy andthe seller to sell, with the alternatives either party has, playing an important role. In order to provide afeel for how much is typically offered, the properties below are recent sales in the area together withtheir asking price history.

Days on themarket

Initial askingprice and date

Last askingprice and date

Final sellingprice and date

Ratio %

98 days £175,000,17/01/13

£175,000,25/04/13

£165,000,31/05/13

94.3%

Manor Court Flat 21 Lawrence Street, YO10 3EU - 2 bed flat

A fantastic two bedroom ground floor apartment located just a short walk from the city centre. Beautifullypresented throughout the property comprises an entrance hall, lounge, gen...

160 days £169,950,28/07/12

£150,000,04/01/13

£144,000,11/01/13

96.0%

15 Nicholas Gardens, YO10 3EX - 2 bed terrace

Offered with no onward chain this well presented two bedroom middle town house is located in the highlyregarded development of Nicholas Gardens just off Lawrence Street. The livin...

155 days £174,950,15/07/12

£165,000,17/12/12

£159,000,11/01/13

96.4%

Jupiter House Apartment 4 Olympian Court, YO10 3UA - 2 bed flat

TWO DOUBLE BEDROOMS - 25'7" LOUNGE OPENING TO KITCHEN - EXCELLENT FOUR PIECE WHITEBATHROOM SUITE. We as agents are delighted to offer for sale this fabulous two double bedro...

193 days £170,000,22/07/12

£165,000,31/01/13

£160,000,04/02/13

97.0%

21 Farrar Street, YO10 3BY - 2 bed terrace

This lovely two bedroom terraced home is located to the East of York in a prime position within easy walkingdistance of the City Centre. Offering deceptively spacious accommodatio...

185 days £115,000,01/07/12

£105,000,02/01/13

£100,500,11/01/13

95.7%

20 Beckside Gardens, YO10 3TX - 1 bed flat

*** A WELL PRESENTED FIRST FLOOR APARTMENT CLOSE TO CITY CENTRE AND UNIVERSITY***HUDSON MOODY are pleased to offer for sale this well presented first floor apartment situated with...

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averagehouseprice

The table below shows the current average prices at which properties are selling, segmented bypostcode district, postcode area and nationally. This table is not based on asking prices, but rather theprice these properties have actually been selling for.

YO10 (York) Average current values YO10 YO National

1 Bedroom properties £115,400 £109,700 £153,400




5+ Bedroom properties £314,800 £353,600 £608,100

priceearnings

ratio

The price to earnings ratio is an affordability measure for housing. It is the ratio of average propertyvalues to average disposable income, expressed as years of earnings. The lower the multiple the moreaffordable properties are in relation to the average earnings of the inhabitants.Ratios which are different from the national average do not necessarily imply that properties within anarea are under or overvalued. Factors unique to the specific location can cause such differences.Nevertheless, over the long run property prices tend to increase with earnings.

YO10 (York) Price/earnings ratio YO10 YO National

Average current value £183,200 £185,400 £227,200

Average Earnings £23,053 £18,782 £24,478

Price / Earnings 7.95 9.87 9.28

Notes

Price to earnings ratios are effective measures of the relative affordability of property in a given area.The data displayed above shows the average current value of property (Price), divided by the averageannual household income (Earnings). For example, if the average price of property is £200,000 and theaverage earnings are £20,000, the price earnings ratio would be 10.00x. In other words, the averageproperty is worth ten times the average household income.

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housingstock

&ownership

The tables below are based on information collected in the 2001 census. The tables are intended to helpthe reader understand property patterns at postcode district level. The percentages provide anindication of how common particular housing is within the postcode district. As homes are demolishedand built these percentages will fluctuate accordingly.

Housing stock YO10 YO National

Total Detached 1,253 77,690 6,389,700

% Detached 10.91% 29.31% 23.08%

Semi-Detached 3,718 86,835 7,892,018

% Semi-Detached 32.37% 32.76% 28.50%

Terrace 3,928 70,488 8,653,422

% Terrace 34.20% 26.59% 31.25%

Flat 2,588 30,063 4,752,266

% Flat 22.53% 11.34% 17.16%

Temporary 34 736 93,795

% Temporary 0.35% 0.28% 0.42%

Notes

"Temporary" refers to temporary accommodation, such as caravans. "End of terrace" properties aredefined as "Terrace", as opposed to "Semi-detached".

Home ownership YO10 YO National

Owner Occupied 6,183 162,992 14,911,858

% Owner Occupied 63.20% 61.49% 66.19%

Socially Rented 1,456 29,270 4,155,391

% Socially Rented 14.88% 11.04% 18.44%

Notes

Home ownership notes: Owner Occupied refers to all households which are owned by the person wholives there, regardless of whether or not they have a mortgage. It also includes properties with sharedownership. Socially Rented refers to all households which are rented at a subsidised rate. This includescouncil houses, housing associations or Registered Social Landlords (RSLs), housing co-operatives andcharitable trusts. You may have correctly noticed that the percentages shown do not add up to 100 percent. This is due to some data which is not included; these are as follows. Private rented: This refers toall households which are rented by a private landlord or letting agency. Other: This refers to allhouseholds which are not covered in the other categories. This includes renting from an employer of ahousehold member, renting from a relative or friend of a household member, or living rent free.

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houseprice

trends

YO10 (York) Price trends

Growth rates YO National

5yr house price growth -11.10% 0.46%

5yr house price CAGR -1.94% -1.43%

Last 12 months house price growth -2.21% 0.46%

Market characteristics YO10 YO National

Market size Indicator: no. of transactions 8,486 201,498 18,233,046

Market size Indicator: total no. of properties 11,488 265,080 27,687,406

Market liquidity Indicator: transactions / properties 73.87% 76.01% 65.85%

Market growth indicator: new homes built 964 22,570 1,864,946

Market growth indicator: new builds / transactions 11.36% 11.20% 10.23%

Notes

CAGR: Compound Annual Growth Rate is the year-over-year growth rate of house prices over aspecified period of time (in this case five years). This figure gives an indication of the returns thathave been seen historically. It can also be seen as a "smoothed" rate of return.

Data sources: Total number of properties: ONS 2001 Census data. Other data: HM Land Registry.Land Registry data is updated quarterly and dates back to January 1995.

No. of transactions: This is the count of all transactions in the relevant geographic segment since 1stJanuary 1995 as recorded by Land Registry.

No. of properties: This is the count of all residential properties in the relevant geographic segment.

New homes built: This is the count of all new build transactions in the relevant geographic segmentsince 1st January 1995 as recorded by Land Registry.

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houseprice

index

The graph below shows the house price index for the postcode area as compared with an index forEngland & Wales as a whole. The graph is a good way to visualise how prices have changed over time.The index is a Laspeyres type index that aims to answer the question, "How much is the sales pricetoday for the same quality house as in 1995?". The base year we are using is 1995; its index value isset to 100. Quality includes not only the physical size and amenities of the house, but also itsgeographic location. A hypothetical calculation is made in which the base year kind of house is heldconstant over time while its selling price is calculated in current pound sterling.

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pricehistory

Source Price Date Details

HMLR £42,000 19 Mar 1999 Not new

HMLR £63,000 20 Aug 2000 Not new

Listing £333 pcm 07 Jan 2011 Archived 13 Jan 2014, I G Property

Listing £144,950 21 Jan 2011 Archived 13 Jan 2014, Hudson Moody - Pink

HMLR £133,000 01 Jun 2011 Not new

Listing £178 pcm 18 May 2013 Archived 13 Jan 2014, I G Property

Listing £-1 per week 26 Oct 2013 Archived 13 Jan 2014, I G Property

Notes:HMLR: HM Government Land Registry price paid record.

New build: Recorded in Land Registry as being a new build property.

Not new: Not recorded in Land Registry as a new build.

Listing: Estate agent for sale or rent listing on Mouseprice.com.

Surveyor: Assesment by a qualified surveyor.

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generalnotes

This report is provided for information purposes only. The report is prepared frominformation that is collated with care; however no representation is made as to the reportsaccuracy, completeness or reliability. The user assumes total responsibility and risk forsubsequent use of any information contained within this report. Persons seeking to placereliance on the information contained within this report for their own or third partypurposes do so at their own risk. You are advised to seek independent advice whenbuying or selling a property.Crown copyright material is reproduced with the permission of Land Registry. (a)Permitted Use. Viewers of this Information are granted permission to access this Crowncopyright material and to download the Crown copyright material onto electronic magneticoptical or similar storage media provided that such activities are for private research,study or in-house use only.Any other use of the material requires the formal written permission of Land Registrywhich can be requested from Land Registry at Lincoln's Inn Fields, London, WC2A 3PH.(b) Restricted Use. Viewers must not copy, distribute, sell or publish any of the Crowncopyright material. For information on the Land Registry dataset please contact the LandRegistry directly.

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