Got a spare £1.75 million? That’s how much the most affordable properties cost in Harrogate’s most exclusive new development.
The five houses on Fulwith Mill Lane have not yet been built by Leeds developer Zammitt Homes – the site is still a green field – but despite costing at least 84 times the UK median wage, they have already met with high levels of demand from outside the Harrogate area.
Within 48 hours of being advertised on property website Rightmove, they received 17,500 hits. Harrogate estate agent Beadnall Copley, which is marketing the properties, has already received a deposit on one and is in negotiations regarding another two.
Nick Hudson, director at Beadnall Copley, said: “This is probably the most expensive and exclusive development ever to be built in Harrogate and I don’t think there’ll be anything to surpass it for a very long time, if ever.
“They’re close to excellent schools and, being on the south side, have easy access to Leeds.
“But another almost unique advantage is that, because the properties haven’t been built yet, buyers can decide exactly what ‘extras’ they want theirs to have.
“The basic size of each three-storey property is 4,500ft sq, but that can be increased to 6,000ft sq, and some potential buyers are already talking about installing an underground swimming pool, wine cellar, gym, cinema, and even underground parking for their car collection.”
Fulwith Mill Lane has been named the most expensive street in Yorkshire and the Humber for four consecutive years by property website Mouseprice.com.
Last year, houses there had an average value of £1,225,800, following an average price rise of £24,700 on the previous year.