Table of Contents
New build developments in York are some of the best opportunities out there when it comes to property investment in the UK property market. Over the years, I’ve worked with investors who have seen huge returns by investing in the right new builds, and the key is always about timing and location.
Take it from me—don’t rush in without doing your homework. York is growing, and the right developments can give you long-term capital appreciation, strong rental yields, and the security of knowing you’re in an area with a bright future.
Let me walk you through some of the most profitable developments that are really worth considering.
Universities in York
University of York
Established in 1963, the University of York is a top-tier institution drawing students globally. As of the 2023/24 academic year, the university boasts a total student population of approximately 15,400 undergraduates and 5,080 postgraduates.
The university’s main campus, located just a few minutes from the city centre, is surrounded by prime investment areas such as Heslington and Hull Road. These areas in York are especially popular with students, ensuring consistent rental demand. Properties in these areas, including shared houses and private halls, often yield excellent returns, especially during the academic year.
York St John University
York St John University, established in 1841, has grown into a vibrant academic community. And in 2022, it had about 8,300 students a year, with about 5,200 undergraduates and 2,800 graduate students.
There are a lot of different programs at the university, spread out over five schools. These schools include the School of the Arts, York Business School, and others. Over 70% of students come from areas that are under-represented in higher education, which shows that the school is serious about being welcoming.
Diverse surroundings are more effective places to learn because they make the classroom more complete and friendly for all students. York College is one of the biggest colleges in the area. It is in York and offers a wide range of academic, vocational, and college classes.
Askham Bryan College, which is just outside of the city, focusses on education that takes place on land and draws students who are interested in farming, animal care, and equine studies. These educational learning institutions in York make the city an even better place for students to live, which will attract more investors who want to invest in student housing.
Types of Student Accommodations in York
York offers a wide spectrum of student accommodation choices to suit varying budgets and tastes.
University-Provided Accommodation
Halls of Residence for Undergraduates
Both York St John University and the University of York include halls of residence mostly for first-year undergraduate students. Usually situated on or close to the university campuses. These halls provide simple access to academic amenities and help to build a strong feeling of community.
Although room type and facilities will affect the average monthly cost for a room in these halls—which is about £684 per month.
Postgraduate Accommodation Options
Postgraduate students have access to dedicated accommodation options that offer a quieter environment conducive to study. These residences are often situated close to research facilities and libraries, providing convenience for postgraduate studies.
Key Amenities and Services Provided
University-managed accommodations usually have basic amenities like common areas, laundry rooms, and internet access. To make things better for students, some residences may also offer food plans, cleaning services, and planned social events.
Initiate a powerful sequence of your property growth and reinvestment.
Initiate a powerful sequence of your property growth and reinvestment.
Unleash how successful investors build wealth, reduce financial stress, and achieve financial freedom.
Private Accommodation in York
Student Flats and Apartments in York
Investors love York’s student flats and apartments, which are a great place for students to live too. Often located in ideal locations such as city centers or university campuses, these modern, self-contained homes attract students looking for convenience and independence. Their high-speed internet, safe access, and proximity to facilities help them to regularly draw renters, hence assuring low vacancy rates.
These homes are quite appealing to investors because of their rather cheap maintenance expenses and excellent rental yields. Depending on location and amenities the rents of student flats in York usually range from £602 to £1,842 per month. Particularly from overseas and postgraduate students, the steady demand makes these investments dependable and profitable.
Shared Student Houses in York
Shared houses, commonly known as Houses in Multiple Occupation (HMOs), are a cost-effective option where students rent individual rooms while sharing common areas like the kitchen and living room. The average monthly rent for a room in York’s shared house is around £516 per month.
Individual Student Studios in York
For people who want more privacy, individual studio flats with approximately £879 per month have fully equipped kitchens and bathrooms that are separate from the living areas. These are great options for students who prefer to study alone or who have special needs.
Short-Term and Temporary Options for Students
People wanting temporary housing can look into short-term rentals or purpose-built student housing with different lengths of ownership. For investors looking for short term let for investment, it’s advisable you get in touch with reputable real estate companies or university housing providers.
Why are Private Student Accommodations Better than University Accommodations?
Private student accommodation often offers better facilities and flexibility than university halls because they offer:
- Modern amenities: Including en suite baths, fast internet, and completely furnished kitchens.
- Location: Usually in trendy neighbourhoods or close to the city core.
- Flexibility: Private rentals usually offer customised tenancy terms and a range of accommodation choices.
- Privacy: Particularly appealing to postgraduates or international students, individual studios or apartments provide a more personal living environment.
Top New Build Developments in and Around York for Property Investment
Developments like those on New Lane, conveniently located in YO32 9ND, provide an attractive mix of modern living and strategic location.
City Gate
.
Property Price
Rent per month
Rental Yield
Perfect for investors wishing to enter the very sought-after rental market, City Gate is a magnificent new building with 62 premium apartments situated in the heart of York city centre. With spacious living areas, large windows, balconies, and private terraces, it’s a modern, stylish option for both students and professionals.
20%
250 years
3%
- Positioned in the centre of York, just a short walk from iconic landmarks like York Minster, City Walls, and the Shambles.
- A total of 62 elegant apartments thoughtfully spread across five levels.
- Offers a 5-star lobby, private gardens, concierge service, gym, and secure off-street parking.
- Ideal for students at the University of York and York St John University, as well as tourists visiting this popular historic city.
- Competitive pricing for its city-centre location, with high potential for both long-term rentals and short-term stays.
Located just 25 miles from York, The One Residences offers 125 modern apartments in the vibrant heart of Leeds. With easy access to Leeds Train Station, it’s perfect for those commuting to York while living in a bustling city with top-tier amenities.
20%
Q3 2026
£5,000
- A mix of one- to three-bedroom apartments designed for young professionals and students.
- In Leeds city centre, near excellent dining, entertainment, and transport links.
- Strong demand from both corporate tenants and students, particularly those commuting to York University.
- As Leeds continues to grow, both rental yields and capital appreciation are expected to rise
Rawsons Mill
.
Property Price
Rent per month
Rental Yield
Rawsons Mill offers a unique opportunity to invest in 16 one-of-a-kind apartments in a former mill, just 40 miles from York. With original features such as high ceilings and exposed brickwork, this property blends historical charm with modern living, making it a strong choice for those seeking character and value.
5%
Q1 2025
£5,000
- 16 apartments with high ceilings, original mill features, and spacious layouts.
- Close to Halifax city centre, with easy access to shops, public transport and local amenities.
- Ideal for students and professionals want a unique living space in a popular and growing area.
- The property’s uniqueness attracts tenants, making it a good buy to let investment.
The Springs
.
Property Price
Rent per month
Rental Yield
The Springs features 36 luxury apartments, designed for modern living, just 44 miles from York. With its close proximity to Halifax’s job centres, schools, and transport links, it’s an excellent choice for young professionals or students.
25%
Q2 2025
£5,000
- 36 luxury apartments with ergonomic designs and premium finishes.
- Located in an economic hub, with high demand for rental properties.
- Its position near Halifax’s transport links and economic centres guarantees high demand for both long-term and short-term lets.
Suffolk House
.
Property Price
Rent per month
Rental Yield
Suffolk House offers 10 boutique, fully furnished apartments just 38 miles from York. This centrally located property in Hull is ideal for those seeking affordable, quality living close to the city’s amenities, perfect for students, professionals, or small families.
6th Jan 2021
£147,000
7.8%
- 10 one-bedroom apartments with stylish, low-maintenance finishes.
- Centrally situated in Hull, close to shops, cafes, and public transport.
- The area’s growing rental market ensures a steady stream of tenants seeking affordable, quality housing.
The Merchant
.
Property Price
Rent per month
Rental Yield
Located 39 miles from York, The Merchant offers 29 affordable one- and two-bedroom apartments in an area close to Hull Station. This is a perfect option for short-term rentals or long-term tenants working in Hull or commuting to York.
25%
Q3 2024
12%
- Features one- and two-bedroom flats meant with comfort and practicality in mind.
- Close to Hull Station, ensuring easy access to York and surrounding cities.
- Proximity to cultural landmarks, public transport, and amenities makes it a desirable rental location.
- Perfect for investors seeking consistent rental income from professionals and commuters.
Why Invest in New Build Developments in York?
As a property advisor who helps investors make smart decisions, one of the most common questions I get is: “Why should I invest in new build developments in York?” The short answer?
York’s housing market as well as its population are showing notable increase. This qualifies as a perfect place for steady rental income and long-term financial gains. When you mix this expansion with the special advantages of new built houses, York becomes a very good option for real estate investors.
Investing in York new homes offers an exceptional opportunity for high-yield returns, particularly with developments coming soon in the sought-after areas of York and its surroundings.
Growing Demand for Housing
Official data supports the trend that York’s housing demand is rising quickly. The Office for National Statistics (ONS) estimates that York’s population, which was 210,000 in 2021, would rise by 8.7% by 2030 to reach about 228,000 people (ONS, 2022).
This growth exceeds the 5.6% national average for the same time period. As more people move to York, there will be a greater need for accommodation, particularly in well-liked neighbourhoods like Fulford and Dringhouses, as well as in the city core and the vicinity of York University. New construction projects are well-positioned to meet this growing need.
Properties in these neighbourhoods have sold swiftly in my experience, and as York grows, I anticipate that this trend will only pick up speed.
If you’re serious about investing in new builds in York, a crucial step is estimating the rental income potential. Understanding how much passive income you can expect to generate will help you make better decisions.
Consider using a Passive Income Calculator. This tool will give you a personalised investment strategy for your goals, showing how much to invest and the timeline to achieve your financial objectives.
This income calculator shows a clear road forward whether your goals are for consistent monthly income or long-term financial security.
Unlock Financial Freedom with High-Yield Off-Plan Properties
Our experts curate personalised, high-yield property investment opportunities to meet your investment goals.
Attractive Long-Term Capital Appreciation
York has a strong track record of capital growth. According to the Land Registry, the average price of a house in York rose by 3.5% and hit £327,000 in 2024. This may not seem like much compared to some of the more unstable real estate markets, but it shows a steady and reliable rise in house prices, which is what investors want in the long term.
Historically, in terms of capital appreciation, properties which are in popular locations such as York’s city centre or near important sites such as York Castle Museum and Jorvik Viking Centre, have performed well. Because there aren’t many houses for sale and the housing demand is high, the value of newly built houses is likely to keep going up over time.
Stable Rental Yields and Investment Security
York houses are profitable to rent. York’s 2024 average rental yields are between 4% and 8%. Young workers and students seeking modern, high-quality residences boost rental yields in the York city core and the University of York area.
New builds in York are particularly popular with tenants because of their energy efficiency, low maintenance, and modern amenities—traits that are becoming more important with the rising cost of living. Government incentives like the Help to Buy scheme and VAT relief on new build homes also enhance the returns for investors, making it an appealing proposition.
Regeneration Projects Shaping York’s Property Market
York Central Regeneration
A £1.1 billion plan converting a property between York train station and the River Ouse. Many new houses and one million square feet of commercial space will be constructed over the next ten years, offering investors plenty of development possibilities.
Castle Gateway Regeneration
The Castle Gateway Masterplan is bringing life to York Castle Museum’s surroundings including Clifford’s Tower. Expected to be worth £100 million, it will provide new houses, businesses, cafes, and green areas. This development seeks to combine York’s historic appeal with modern living, so increasing demand for both rental and residential apartments.
Holgate Park Regeneration
The £30 million project, which lies west of the city core, emphasises better transit connectivity and reasonably priced accommodation. The first phase will include new residences, green areas and conveniences, so appealing to investors and families.
Hungate Regeneration
In a prime city-centre position, Hungate regeneration will provide new residences and businesses. Close to the National Railway Museum and River Ouse, Hungate seems to be a highly sought-after neighbourhood for both homes and businesses.
What is Life Like in York?
York is a wonderful place to live in addition to an excellent place to buy real estate. York presents something for everyone with its ideal mix of modern living, history, and culture. Having worked in property investment for years, as a local I have come to understand that one of the main reasons the city appeals to investors as well as its citizens.
From the National Railway Museum and the old city walls to the busy shops of Stonegate, York is a city where past and present co-exist. It’s a charming area to live in, with its cobbled streets, unique eateries and cultural sites like the York Dungeon and York Art Gallery.
Moreover, it’s no surprise that so many people choose to move here given the convenient access to the breathtaking North York Moors. When you invest in new builds in areas like Fulford, Heworth, or Dringhouses, you’re not just buying property—you’re investing in a lifestyle that blends convenience, beauty, and a high quality of life.
Top Universities & Student Rental Market in York
York’s popularity as a destination to live and invest stems from some of the top educational institutions in the United Kingdom calling their home.
The presence of prestigious colleges is a major lure why you should be considering York as a place of investment. Regularly regarded among the top in the nation, the University of York boasts a beautiful campus and a great academic reputation.
With around 18,000 students, this esteemed university attracts a varied and consistent stream of tenants, generating great demand for student rental apartments and flats, particularly in the city centre, Heworth, South Bank, and other regions.
Additionally located in the city is York St John University, which has been growing recently and provides a spectrum of courses. With around 7,000 students, York St. John has seen notable expansion and its student body has helped to drive the rising demand for rental homes.
Like the University of York, the surroundings of this campus—especially Heslington and Micklegate—are prime sites for student rentals.
York’s Transport Links
One of the things that makes York such an attractive location for property investment is its excellent transport links. The city’s strategic position in North Yorkshire ensures easy access to major cities like Leeds, Manchester, and London, which has a big influence on property demand, especially for those wanting to commute for work or leisure.
York has its own train station, which is just a 15-minute walk from the city centre. Professionals or commuters would find London King’s Cross an excellent location since it provides direct services there in about two hours. Not to mention, it’s just a stone’s throw from Leeds Bradford Airport, adding still another degree of convenience.
These transport connections can greatly increase the attraction of a new construction house you are investing in close to the city centre to tenants. As they are perfect for anyone looking for rapid access to these main hubs, properties near the station usually fetch better rentals.
York’s bus lines are extremely regular and dependable, which helps locals travel around quickly. Easy access to nearby facilities and transport links is a big benefit and will increase the appeal of your house whether your focus is students or professionals.
Best Areas in York for New Builds
If you’re looking to invest in new build developments in York, then it’s essential to know which areas are on the up. While York’s city centre is always going to be a popular choice, there are several neighbourhoods that are seeing a surge in new build projects.
Among the areas that truly appeal to investors is Heworth. With the new constructions under progress, it is beginning to become one of the most sought-after sites. It has a wonderful combination of residential buildings and green areas. Besides, the city centre is just a short hop away.
South Bank is also experiencing a major regeneration, with energy-efficient homes being developed to attract both families and young professionals. The area is becoming well-connected with the city centre, and it’s only going to improve as new infrastructure is built.
If you can get into these areas early, you could be looking at some impressive capital growth over the next few years.
If you can get into these areas early, you could be looking at some impressive capital growth over the next few years. Whether you’re looking at 3 and 4 bedroom properties in the thriving residential markets or exploring family-friendly neighborhoods in the East Riding of Yorkshire, these family homes cater to growing families and professionals alike.
York’s Lifestyle and Attractions
York is a city that combines modern living with historical charm and natural beauty. Attractions like the Yorkshire Museum and the Howardian Hills. An Area of Outstanding Natural Beauty making the city highly desirable for residents.
York’s brand new developments are ideal for families, thanks to their proximity to top-rated schools like Hempland Primary School and Fulford School. These schools enhance the appeal of properties to tenants seeking family-friendly neighborhoods. In areas like Stump Cross which blend excellent education options with convenient access to York’s amenities.
Areas like Stump Cross are gaining attention for their strategic location and access to key amenities. With new developments offering brand new homes close to schools, transport links, and scenic attractions like the Howardian Hills.
Why New Build Developments Are More Profitable Than Older Properties
I’ve seen a lot of investors hesitate when it comes to new builds, assuming that older properties might offer a better deal or greater character. But let me tell you, compared to their older houses, new build projects in York usually have far more long-term financial potential.
New buildings usually ask for less upkeep, first of all. items like warranties and high-quality building materials will help you avoid having to pay for repairs on items like insulation, plumbing, or roofing. While new construction is more predictable, older homes sometimes have hidden expenses that only show up once you are well into ownership.
Moreover, fresh builds give you an advantage in the rental market given the rising demand for energy-efficient apartments. Tenants are seeking low-energy-consuming homes more and more, and new constructions with air-source heat pumps, solar panels, and effective insulation will help them save money.
That means you’ll have tenants who stay longer, keeping your cash flow stable.
Another reason why new builds are profitable is the guaranteed buyer scheme many developers offer. This guarantees a low-risk investment as, should you purchase an off-plan property now, they usually guarantee to buy it back from you at a later point.
New developments are a great option for anyone wishing to create a solid property portfolio since the continuous regeneration initiatives in York result in greater capital gain over time. With energy-efficient designs aimed at reducing energy bills, these new builds are not just environment
Future of New Build Developments in York
Looking ahead, new build projects in York seem to be really bright. The city’s property market is expected to keep expanding given continuing redevelopment initiatives and the growing need for contemporary, energy-efficient residences.
Investing in brand new properties often comes with added financial benefits, including reduced stamp duty in some cases and potential savings on estate agent fees through developer incentives like part exchange schemes.
York is a great site for real estate investment because of its strategic North Yorkshire position, rich history, and active local businesses paired with Building sustainable houses that appeal to a rising number of environmentally minded tenants and buyers is a top priority for developers.
Key hotspots for new construction, South Bank, Heworth, and Clifton Moor will see significant development in the next few years. These places are much more appealing to investors since infrastructure upgrades are already in progress in them.
Exclusive Property Launch Invitations
Customised Market Reports
Exclusive Access to Off-Market Properties
Networking Events
