IF you see a chap in a fur coat lighting a Cuban cigar with a £50 note today, put your camera away.

It won't be Roman Abramovich or Bill Gates but a YO10 homeowner.

According to a recent forecast, the value of homes within this postal code was set to rise by 100 per cent. This figure has since been downgraded to 73 per cent, but it suggests Fulford folk are sitting on a goldmine.

Of course one mortgage-holder's meat is another tenant's poison. These predictions may be good news for those already on the property ladder, but they could spell disaster for future generations of York families.

Updated: 10:21 Wednesday, March 01, 2006