Deciding to buy a new property for investment purposes or to step on the property ladder as a first-time buyer is an extremely exciting time in someone’s life. We’re here to discuss the seven reasons why you should buy property in York.
Choosing where to purchase a property is as important as taking your time to pick the perfect place to live or use as an investment. York is a popular destination in the northeast of England, where over 210,000 people currently live and enjoy the beauty and quality of life it has to offer, making a property in York very attractive.
If you are fortunate to find the ideal property for you in York or the surrounding area, it would be wise to seek legal advice in central York, such as from a conveyancing solicitor who will guide you through the property transaction steps, making sure everything is correctly done from start to finish.
To learn more about the seven reasons you should buy a property in York, keep reading…
1. Beautiful Surroundings
York is one of the prettiest cities in the UK, with a vast amount of history and amazing architecture founded by the ancient Romans. So if you’re a history buff, York is the ideal place for you to move to and buy a property.
2. York Properties Are Cheaper Than the UK Average
The north of England is generally a lot cheaper to live in than the South, meaning that you are often able to find a better property for a lower price than if it was located in the South of England.
Properties in York have an average price of £323,477, compared to the UK’s average of £371,158.
Not only is there a significant difference in property prices, but cost of living is generally cheaper too, such as rent, bills, food, etc.This results in the average salary in the north of England being lower than the South, especially in comparison to London.
It is also worth noting that York is one of the more expensive northern areas compared to other cities such as Liverpool and Sheffield.
3. Great for Buy-to-let investments
As we mentioned above, York is one of the more expensive cities to live in in the North of England. Despite this, individuals and university students from the two unis located in York flock to this beautiful and vibrant city, meaning that both holiday homes and rented property are great investments to have due to the high demands, especially in this day and age.
York being a more expensive place, also means you can charge higher prices than other Northern cities.
4. The Endless Nightlife
If you’re a young person who is stepping on the property ladder for the first time, it’s likely that the party scene still runs through your blood. York is the ideal location to let your hair loose and discover the many pubs, bars and clubs that run through the city’s walls, allowing you to discover the colourful, varied and diverse nightlife that’s on offer.
5. Transport Connections
York is one of the easiest cities across the UK to get to due to the wide variety of transport links which connect it to other UK locations, including many A roads (trunk roads), the M1 motorway, as well as the railway and Leeds Bradford Airport. Meaning even if you have family and friends in different locations across the UK, you’ll still be able to easily keep in contact and see them.
6. The Variety of Schools and Colleges
If you have bought a family home in York and already have children or are thinking ahead to perhaps wanting to have children, York has around 70 public schools across the city, as well as a number of private schools.
7. Employment
In comparison to the rest of the UK, York’s unemployment is relatively low due to the various industries that reside in the city, from the public sector to IT, tourism and much more. Important employers in York also include the likes of National Rail and the University of York.
York Is the Perfect Property Destination
What is easy to gather from this article is the many reasons why you should consider York as a destination to move to and buy a property.
If the cheaper prices aren’t enough to convince you, then the beautiful architecture, culture and quality of life should do the job.
Do you live in York? What would you say to someone else to convince them to take the leap and move to York? Let us know in the comments.
Please be advised that this article is for general informational purposes only, and should not be used as a substitute for advice from a trained legal professional. Be sure to consult a conveyancing solicitor if you’re seeking advice on buying property in York. We are not liable for risks or issues associated with using or acting upon the information on this site.
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