The in-form 46-year-old saw off fellow Englishman Tony Knowles and last year’s winner, the ‘Welsh Wizard’ Darren Morgan, in Sunday’s quarter-finals and semi-finals without conceding a frame.
Not long after he finished Chappel off exactly the same way.
Chappel was determined not to give the final away without a fight, putting in a 33 break and taking a 54-41 lead in the first frame.
Bond, the 1996 British Open champion, fought back and missed a chance of winning it on the black.
However he eventually potted it, with the audience holding their breath as they waited for the rolling cue ball to narrowly avoid the top-corner pocket. That sealed the first frame 68-54.
But if Bond was shaken by Chappel he did not stir - opening the next frame with a break of 33 and running away with it 65-4.
Chappel progressed to the final via a quarter-final rout of Alain Robidoux followed by a three-frame semi-final thriller with Dene O'Kane, who had produced the day's highest break of 63 during his previous clash with Jimmy White.
Karl Townsend was the man responsible for the highest break of the tournament – an 86 – during his match with Knowles on Saturday.
Earlier in the day, six-times world champion Steve Davis crashed out in the quarter-finals against Morgan after a promising win over Cliff Thorburn the day before.
Nigel Bond 2-0 Tony Chapel
Nigel Bond 2-0 Darren Morgan
Tony Chappel 2-1 Dene O'Kane
Steve Davis 0-2 Darren Morgan
Dene O'Kane 2-1 Jimmy White
Alain Robidoux 0-2 Tony Chappel
Tony Knowles 0-2 Nigel Bond