All units at Mount Vale Gardens in York, a joint venture between property development specialists Helmsley Group and Mulgrave Properties, have been sold.

The development, comprising 12 four- and five-bedroom family homes, is located within easy walking distance of York train station, with each unit benefitting from high-specification kitchens and bathrooms, advanced security systems and landscaped gardens.

Mount Vale Gardens is just a short walk from The Knavesmire, home to York Racecourse, providing plenty of green space for leisure and exercise. Residents are also within walking distance of a selection of outstanding local primary and secondary schools, including Scarcroft Primary, The Mount, St Peter’s, and Bootham School.

Max Reeves, development director at Helmsley Group, said: “We are delighted to have further developed our partnership with Mulgrave Properties through our work on this development. 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.”

Definitions

High Net Worth Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm they have an annual income of not less than £100,000, or net assets, excluding their primary residence, of not less than £250,000.

Certified Sophisticated Investor – An individual who has a written certificate within the last 36 months by an FCA Approved Person confirming that the Investor is sufficiently knowledgeable to understand the risks associated with engaging in investment activity in non-mainstream pooled investments

Self-Certified Sophisticated Investor – An individual who has signed, within the period of twelve months ending with the day on which communication is made, a statement to confirm that have sufficient knowledge to understand the risks associated with engaging in investment activity in a non-mainstream pooled investments.

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