2-bedroom flat · YO31 7ES
For saleListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally positioned on Union Terrace, 12 Chapel Apartments is well placed for easy access to York city centre, York Hospital and York railway station, with the River Ouse and open green spaces also within easy walking distance.
The apartment is situated on the third floor and occupies a corner position within the building.
The entrance hall leads through to a spacious dining kitchen and living area, with a fully fitted kitchen incorporating integrated appliances.
Purchased off plan by the current owner, this particular apartment was chosen for its second-floor corner position and the additional sense of space and light created by its double-height windows .The windows are a particular feature of this apartment, providing beautiful views towards York Minster in the distance and the chapel of Bootham Park.
The generous master bedroom benefits from a large en-suite shower room, while the second double bedroom is also well proportioned.
There is also a stylish, fully tiled three-piece main bathroom with bath. The property is presented in immaculate condition throughout and benefits from an allocated basement parking space.
It has previously operated very successfully as a holiday let, with over 550 five-star Airbnb reviews and a ranking within the top 1% of listings.
There is also an opportunity to negotiate the purchase of the furniture.
For those considering a holiday-let investment, the established business, proven track record and existing client base offer a particularly attractive opportunity at a time when suitable properties for this type of use are becoming increasingly limited in York.
Leasehold Length of lease- 241 years remaining Ground rent - £310 per annum Ground rent review period- fixed Service Charge- £3,100 per annum Anti-Money Laundering Compliance We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors.
These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed.
If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks.
We use a partner supplier MoveButler, to carry out these checks on our behalf.
They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely.
There is a non-refundable charge of £30 + VAT per purchaser and per giftor for these checks..
This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances.
Ashtons receive a portion of this fee from MoveButler as compensation for facilitating these checks and our administrative role in the compliance process.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 12, Chapel Apartments, Union Terrace, York
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