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£245,000

Icona apartments in York is a development of 32 apartments over five storeys located in the Foss Islands area. The development will comprise of 32, one, two and three bed apartments including 3 penthouse suites with private terraces with a great specification and close proximity to York city centre.
 
Views of the iconic York Minster can be seen from the apartments in Icona.

Icona is located in a highly connected part of York city centre, within 10 minutes reach of the city’s major employment zones and under 10 minutes walk to the city’s popular bar and leisure offerings.
 
The development is well-served by local amenities and transport links due to its location on Redeness Street just a 9-minute walk from York’s city centre.
 
The average age of new renters in York city centre is 31, many of whom hold professional, technical and managerial positions. Icona will be very appealing to this affluent demographic.
 
Icona has strategically placed balconies that envelope tall windows allowing cascading light to enter the property. Each apartment has been designed with natural light in mind with the use of tall windows and layouts that really do bring the outside inside.
 
With its medieval streets and breath taking cathedral, York stands out as one of the most magical cities in the UK. Enveloped within its ancient city walls is a mini metropolis of everything from quaint tearooms to independent boutiques, bars and leading retailers. Renowned for its vibrant culture along with world-class attractions and events, ICONA is right on the doorstep to this magnificent melting pot of a city. 
 
The attraction of investing in York is the scarcity of new builds due to planning restrictions, new developments cannot exceed five storeys so you will not come across high-rise buildings that are commonplace in other cities such as Manchester. 
 
This lack of new build property has pushed property prices which are rising higher than the national average at 4% last year and 7% up on 2018 prices. The growth trajectory combined with modest pricing will allow investors in Icona to achieve good levels of capital growth. There is also the option to rent apartments as serviced accommodation which can achieve higher yields.
 
Icona offers contemporary kitchen units with an array of time saving gadgets and state of the art appliances, really assist with the speed of daily life. Sanitary ware and tiling to the bathrooms and ensuites (where available) continue the clean, sleek lines all adding quality to this special development.
 
Icona has been designed to enchant the passers by with its careful use of materials, darker brick to the lower levels and textured lighter brick to the middle floors and the upper floor has been encased in a vertically boarded hardwood external cladding system. 
Icona compares favourably with other new build developments in terms of pricing. Other new builds in the area are on average priced at £475 per sq/ft, whereas Icona’s average price per sq. ft is £442.
 
Panoramic views and access to outdoor space means that you don’t have to go far for some fresh air and space when staying at Icona. Designed around the needs of modern living, the communal rooftop also provides the perfect spot to entertain guests alongside getting to know your neighbours in a comfortable and relaxed setting.
 
Icona will offer a dedicated concierge service and gym set in the second phase of the development, residents across both sites will have full, lifetime access to all services and benefits.

  • 32 apartments 
  • 1 and 2 bedroom apartments
  • From £245,000
  • Estimated yield c. 5%
  • Private rooftop
  • Communal gardens
  • Fully complete
  • Communal roof terrace
  • Residents' gym
  • Concierge service
  • 9-minutes' walk to city centre
  • 16 car parking spaces available
  • UK and expat mortgages
  • Full tenancy and management
  • City centre (walk) 10 minutes
  • York Minster (walk) 15 minutes
  • York St John University (walk) 15 minutes
  • York Hospital (walk) 20 minutes
  • Leeds (train) 33 minutes
  • Manchester (train) 1 hr 18 mins
  • London (train) 1 hr 47 mins

Key Information

£245,000
  • Reference IOIRA
  • Type: Apartment
  • Country United Kingdom
  • City York
  • Bedrooms 1
  • Bathrooms 1

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