No longer on the market
This property is no longer on the market
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Floorplan
Map1 bedroom apartment
Apartment
1 bed
1 bath
656
EPC rating: D
Key information
Features and description
- Great investment opportunity
- Tenancy in place
- Close to university & city centre
- Lovely communal gardens
- Permit parking
- Share of freehold
GREAT INVESTMENT OPPORTUNITY IN SUPERB LOCATION NEAR UNIVERSITY & CITY CENTRE
Spacious Basement Flat situated to the rear of this elegant Grade II* Listed Property. With private entrance leading to a living/dining room, kitchen, double bedroom and modern bathroom with separate shower. Outside there are private communal gardens to the side with Pennsylvania Park for private use of the residents. Pennsylvania Park is situated in a highly desirable, secluded location within a mile of both the city center and University of Exeter. Pennsylvania is served by a bus service which runs into the city center.
THE ACCOMODATION:
OUTSIDE - LOWER GROUND FLOOR Steps lead down from the communal garden at the side of the property to the entrance of the flat on the lower ground floor. There is a paved terrace to one side and some storage space beside the steps. The property front door opens to the kitchen and there are further doors to the lounge and the bedroom.
KITCHEN 11' 2" x 9' 0" (3.41m x 2.75m) Comprising a range of matching units including integrated fridge and freezer. Electric oven, four-ring hob and extractor above. Stainless steel one and a half bowl sink unit with work surface. Night storage heater.
LOUNGE/DINER 15' 5" x 13' 4" (4.72m x 4.07m) The lounge is very spacious and benefits from a modern electric fire with wooden mantel and surround, TV and telephone points, dimmer lights and a night storage heater. There is also a door to the front providing access to outside.
BEDROOM 21' 4" x 7' 11" (6.52m x 2.43m) Cupboard housing hot water tank. Double doors opening to the outside. Night storage heater.
BATHROOM A stylish modern, fully tiled bathroom with a white suite comprising a bath, WC and wash hand basin with cupboard beneath. Heated towel rail, walk-in shower, tiled floor and window.
COMMUNAL GARDENS At the front of the building there is an expansive communal park area with large lawns, mature trees and various seating areas with superb views over Exeter and the surrounding countryside. In addition, there are further communal gardens to the side of the building with various mature plants and trees, tidy lawns and some flowerbeds. The communal gardens are maintained by a management company and are very tidy and well kept.
FURTHER INFORMATION
Based on the current rental income the yield (after service charge deducted) is just under 6.5% pa. There is potential to increase this.
Leasehold - 92 Years remaining
Service Charge (PA) £1,788
Ground Rent (PA) £100 (Covered by the Service Charge)
For more Information or to book an appointment to view please call or mail Star Investment Properties
Spacious Basement Flat situated to the rear of this elegant Grade II* Listed Property. With private entrance leading to a living/dining room, kitchen, double bedroom and modern bathroom with separate shower. Outside there are private communal gardens to the side with Pennsylvania Park for private use of the residents. Pennsylvania Park is situated in a highly desirable, secluded location within a mile of both the city center and University of Exeter. Pennsylvania is served by a bus service which runs into the city center.
THE ACCOMODATION:
OUTSIDE - LOWER GROUND FLOOR Steps lead down from the communal garden at the side of the property to the entrance of the flat on the lower ground floor. There is a paved terrace to one side and some storage space beside the steps. The property front door opens to the kitchen and there are further doors to the lounge and the bedroom.
KITCHEN 11' 2" x 9' 0" (3.41m x 2.75m) Comprising a range of matching units including integrated fridge and freezer. Electric oven, four-ring hob and extractor above. Stainless steel one and a half bowl sink unit with work surface. Night storage heater.
LOUNGE/DINER 15' 5" x 13' 4" (4.72m x 4.07m) The lounge is very spacious and benefits from a modern electric fire with wooden mantel and surround, TV and telephone points, dimmer lights and a night storage heater. There is also a door to the front providing access to outside.
BEDROOM 21' 4" x 7' 11" (6.52m x 2.43m) Cupboard housing hot water tank. Double doors opening to the outside. Night storage heater.
BATHROOM A stylish modern, fully tiled bathroom with a white suite comprising a bath, WC and wash hand basin with cupboard beneath. Heated towel rail, walk-in shower, tiled floor and window.
COMMUNAL GARDENS At the front of the building there is an expansive communal park area with large lawns, mature trees and various seating areas with superb views over Exeter and the surrounding countryside. In addition, there are further communal gardens to the side of the building with various mature plants and trees, tidy lawns and some flowerbeds. The communal gardens are maintained by a management company and are very tidy and well kept.
FURTHER INFORMATION
Based on the current rental income the yield (after service charge deducted) is just under 6.5% pa. There is potential to increase this.
Leasehold - 92 Years remaining
Service Charge (PA) £1,788
Ground Rent (PA) £100 (Covered by the Service Charge)
For more Information or to book an appointment to view please call or mail Star Investment Properties
About this agent
We are a local family run business, have over 30 years’ experience of selling and the management of student investment HMO’S, portfolios, residential HMO’s and buy to lets, there is a wealth of experience and knowledge within our business, that is why we are Exeter’s leading selling agent for these types of property investments and portfolios. There is also a range of acquisition services we also offer to clients who prefer to have a really knowledgeable expert by their side investing within property. In addition to this part of our business we are also able to source various land/development opportunities not only locally but also nationally, therefore if you are a developer or want a self-build opportunity please get in touch and register with us. If you are looking to dispose of a development please also get in touch and we can guide you through the various options you have to sell. Our professionals are experts and have a combined experience of over 50 years working within the industry selling and letting thousands of homes. Senior members are proud members of either the National Association of Estate Agents (NAEA) or the Association of Residential Letting Agents (ARLA)