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Chapel Street, Filey

Yorkshire

£142,500
Listed on 11/07/2025

Property Details

Bedrooms
2
Type
Detached house
Area
645 sqft

Description

This two-bedroom terraced cottage offers a unique opportunity for renovation and investment, nestled in a row of similar properties within a short walking distance to the town centre of Filey. The layout presents a solid foundation for modernization, with a kitchen/diner that features fitted floor and wall cupboards, worktops, and space for essential appliances. The living area is characterized by a south-facing aspect thanks to its uPVC double-glazed window and door, which allow ample natural light to flood the room. A gas fire provides warmth and comfort, making it an inviting space for relaxation. The property also includes practical features such as a private rear yard accessible from the kitchen, enhancing the outdoor utility of the home. Upstairs, the landing provides access to two well-proportioned bedrooms. The larger bedroom at the rear boasts built-in wardrobe storage and a dressing table area, while the front bedroom benefits from views overlooking the street. The bathroom is designed with functionality in mind, featuring modern fixtures including a panelled bath with mains shower fitting. Situated on a quiet lane off Chapel Street, this property enjoys convenient access to local amenities in Filey's town centre. Its proximity to essential services adds to its appeal as an investment opportunity—ideal for both first-time buyers looking to create their perfect home or investors seeking rental potential after renovation. The property is offered with vacant possession and no onward chain, facilitating a straightforward purchase process. With mains supplies of water, electricity, drainage, and gas already connected, prospective owners can focus on transforming this characterful cottage into an updated living space that reflects modern tastes while retaining its inherent charm. Viewing is recommended for those interested in exploring this property's full potential.

Investment Analysis

(YO14 area)

Below Market Value

This property is priced -9.1% below area average per sq ft

-9.1%
Potential saving
This Property
£221/sq ft
Area Average
£243/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£172,515
10% above area average per sq ft
Potential ROI
+3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (YO14)

Area prices are falling by +9.2% over the last 12 months
3 year growth: -3.4%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on YO14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chapel Street, Filey
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£522
Based on a loan of £106,875 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE