Why Invest in 71 Bishopfields Drive?
An exceptional opportunity to acquire a well-maintained 1st floor leasehold flat located in the desirable Bishopfields area of York. This 2-bedroom, 2-bathroom flat is fully tenanted, professionally managed, and in excellent condition, offering immediate rental income and long-term capital growth potential.
Investment Highlights
- Fully Tenanted: Currently generating £1,300 PCM (£15,600 PA), with tenants in place until 31/10/2025 and a new tenancy commencing 11/11/2025.
- Secure Tenancy: Tenants with a history of consistent payments and no arrears.
- Hassle-Free Investment: Can be professionally managed by Pure Investor
- Long Lease Security: 124 years remaining, ensuring long-term asset stability.
- Excellent Condition: Modern interiors reduce maintenance costs and attract quality tenants.
Local Market Overview
- Average Sales Price in YO26 4WY: £265,333 (Rightmove, 2024)
- Average Sales Price for Flats in YO26 4WY: £215,000 (Rightmove, 2024)
- Average Sales Price for Flats in Bishopfields Drive: £232,800 (Rightmove, 2024)
- Average Price per Square Foot in Bishopfields Drive: £288 (Housemetric, 2024)
- These figures indicate that the asking price of £220,000 for 71 Bishopfields Drive is competitively priced within the local market, offering potential for capital appreciation.
Rental Market Insights
- Average Rent in York: £1,341 per month (Airbtics, 2024)
- Average Rent for Flats in York: Approximately £1,228 per month (ONS, 2024)
The current rental income of £1,300 PCM positions this property within the average rental range for York, providing a steady income stream for investors.
Financial Snapshot
| Detail |
Value |
| Asking Price |
£220,000 |
| Current Rent |
£1,300 PCM (£15,600 PA) |
| Gross Yield |
7.1% approx. |
| Ground Rent |
£130 PA |
| Service Charge |
£1,450 PA |
| Lease Remaining |
124 years |
Future Potential
- Stable Capital Growth: York’s property market continues to show strong long-term growth, with average sales prices in YO26 4WY increasing over the past year.
- Turnkey Investment: With tenants in place and property management handled, this flat is ready to deliver returns immediately.
- Reletting Potential: Planned new tenancy starting 11/11/2025 – 10/11/2026 ensures ongoing rental security.
Why Bishopfields, York?
Bishopfields is a sought-after residential area with excellent connectivity to York’s city centre, renowned schools, and local amenities. This location consistently attracts long-term tenants, ensuring high occupancy rates and low investment risk.
Let Pure Take The Strain – Full Lettings and Property Management Available
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from one point of contact across all of their portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimalise costs, and maximise efficiency across their portfolio.
- Fully managed lettings and property management service
- Comprehensive coverage throughout England and Wales
- One team, one fee across your full portfolio
- Rental income protection available
- Transfer your existing properties quickly and easily
Contact the Pure team today to find out more about our comprehensive lettings and property management service.
Find out more >> Lettings and Property Management For Landlords
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