£95,000
Studio for saleNew North Road, Exeter EX4
1 bed
1 bath
1 reception
EPC Rating: B
- Leasehold
Northwood - Exeter
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About this property
Studio Apartment
Central Location
Investment opportunity
We are pleased to present this studio flat in a highly convenient location, offering an excellent opportunity for investors. The property features an open-plan lounge/bedroom/kitchen area with white goods included, and a separate shower room. The property has recently been redecorated and benefits from new carpets.
This apartment is being sold with the tenants in situ, currently paying £725.00 per calendar month. With this rental income, the property offers a strong gross yield of 7%. There is the option of the property being sold with vacant possession if required.
Key details:
- Ground Rent £238.92 per annum
- Service Charge £145.99 per month
- Length of Lease To be confirmed
After accounting for service charges and ground rent, the net rental yield is an attractive 5.34%.
Don't miss out on this fantastic investment opportunity. Contact us for further details or to arrange a viewing.
EPC rating: B.
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More information
Tenure
Leasehold (NaN years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review