York’s luxury homes market is still buoyant, judging by the response to a new development.
All 12 detached homes being built at Mount Vale Gardens have been sold, the developers have revealed.
The development, comprising 12 four- and five-bedroom family homes, is located on an area that was formerly part of the Mount School’s playing fields.
Located off Tadcaster Road close to Knavesmire, Mount Vale Gardens is a joint venture between Helmsley Group and Mulgrave Properties. Prices for the homes ranged from around £750,000 to £995,000.
Max Reeves, development director at Helmsley Group, said: “As developers who intimately understand the York property market, we understood that while they are sought-after, high-specification homes of this size and quality are often difficult to come by.
“The speed with which all units were sold demonstrates the continued resilience of York’s luxury property market in spite of the pandemic, and we look forward to developing similar residential schemes in the future.”
David Smith, sales director at Mulgrave Properties, added: “It’s been very gratifying to see how quickly the development has sold, which is testament not only to the Helmsley and Mulgrave’s strong working relationship, but also to both developers’ understanding of the wider market in which they operate.
“The feedback from residents so far has been overwhelmingly positive, with many already seeing significant return on investment through reduced maintenance costs and increased energy efficiency, without needing to compromise on space.”