56, POSTERN CLOSE, YORK, YO23 1JF - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

56 POSTERN CLOSE is a small flat of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £307,566. It was last sold for £240,000 in July 2007, which was around 71% above the average July 2007 flat price in the York local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

56 POSTERN CLOSE Sold Prices

Land registry data shows five sales for 56 POSTERN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average flat price in the York local authority area for the corresponding sale date. All of the five 56 POSTERN CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 12 JUL	£240,000	£140,546	71% above HPI
2002 22 NOV	£170,000	£84,787	101% above HPI
2001 9 MAY	£125,000	£56,762	120% above HPI
1998 30 JUL	£84,000	£40,842	106% above HPI
1997 5 SEP	£62,251	£38,571	61% above HPI

What might 56 POSTERN CLOSE be worth now?

56 POSTERN CLOSE might now be worth an estimated £307,566.

This is based on house price inflation of 28.2%, between July 2007 and May 2026, for flats, in the York local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.2% inflationary increase is applied to the most recent sale price for 56 POSTERN CLOSE of £240,000 on 12th July 2007. For the value to have increased from £240,000 to £307,566 over the nineteen years and two months to May 2026, the following assumptions must hold true:

• The value of 56 POSTERN CLOSE has moved in line with the HPI for flats in the York local authority area.
• The July 2007 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 56 POSTERN CLOSE has not materially changed since July 2007.

How Large is 56 POSTERN CLOSE?

56 POSTERN CLOSE is 54m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of flats in York, based on EPC data. 38% of flats are smaller than 56 POSTERN CLOSE, and 60% of flats are larger. Note that EPC data is not available for all properties in York.

56 POSTERN CLOSE: Plot

56 POSTERN CLOSE sits on a plot of roughly 0.719 of an acre, or 2,911m².

Where is 56 POSTERN CLOSE?

56 POSTERN CLOSE is located in YORK, in the YO23 postcode district.