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Offers in excess of
£95,000

Studio for sale

New North Road, Exeter, EX4
Reduced yesterday
EPC rating: B
Studio
1 bath
322 sq ft / 30 sq m
EPC rating: B
Reduced yesterday

Key information

TenureLeasehold
Ground rent£0 per annum
Council taxBand A
BroadbandUltra-fast 1800Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold
  • 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. Tenure: Leasehold,
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About this agent

Northwood - Exeter
Northwood - Exeter
5 Southernhay West Exeter, Devon EX1 1JG
01392 976108
Full profileProperty listings
If you own a property, chances are that it’s the most valuable asset you have and if you’re looking to sell or let it out, you’ll want to get the best possible tenant or price for the least amount of stress. Using the right agent will help get you there. Here at Northwood, we believe that achieving a successful sale or let is based on a continued commitment to delivering on a few simple things: Local expertise, each office is owned by the local director and run by a team of experts who all have a finger on the property-pulse in your particular area.  There’s no online ‘local experts’ or faceless corporates here. National reach There are over 85 Northwood offices across the country and literally thousands of pre-qualified tenants / buyers on our books looking for somewhere to call home. With a strong presence online and a state-of-the-art website; buyers or tenants can find your property quickly & efficiently Property details can be uploaded instantly Listings on the major property websites Over 120,000 visits to the site each month 12 pages viewed every minute of every day 3,500 Twitter followers 3,000 Facebook followers
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