According to the public record, 2 Chapel Lane, York is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Tollerton, York, YO61.
Tollerton, York, YO61 is located in the borough of Hambleton within the YO61 postal district.
2 Chapel Lane, York has 181 entries in the Land Registry database, most recently in September 2024 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Chapel Lane York as £161,420 and the rental value as £732 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 2 Chapel Lane York has increased by £6,039 (3.7%) and its rental value has increased by £21 per month (2.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2 Chapel Lane, York is in very good condition we estimate a sale value of £169,491 and rental value of £768 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,120 and a rental value of £681 per month.
If you were able to purchase this property for the estimated value of £161,420, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £793 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2 Chapel Lane, York was last sold on 15 Jun 2018 for £285,000 and was recorded as a leasehold flat.
The property has had 18 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2 Chapel Lane, York within a radius of 5.5 kilometres over the last 2 years.
The most recent example is 7A, Forge Cottages, York, YO61 1QF, a Leasehold flat which sold for £132,500 in Jul 2020.
Read more about house prices in YO61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tollerton, York, YO61 has a total of 58 addresses. According to our analysis of all the public data, 2 Chapel Lane, York is the 58th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £265k less expensive than the average property in YO61.
The closest station to 2 Chapel Lane, York is Hammerton station which is 9.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Chapel Lane, York, 44.6% of property is privately owned outright and 35.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2 Chapel Lane, York, 19.7% of residents are recorded as possessing school level qualifications and 47.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2 Chapel Lane, York, the average age was 45 and the most common age was 57.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2 Chapel Lane, York, 0.5% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2 Chapel Lane, York, there are an average of 1.7 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.