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Studio
New North Road, Exeter EX4
£95,000
New North Road, Exeter EX4
£95,000
Our Summary
- Don't miss out on this fantastic investment opportunity
- Investment opportunity
Description
This studio flat is located in a convenient area and offers a strong investment opportunity, with a current rental income of £725 per month and a gross yield of 7%. The property has been recently redecorated and features new carpets, and includes white goods in the open-plan lounge/bedroom/kitchen area and a separate shower room. The apartment is being sold with the tenants in situ, but can be sold with vacant possession if required. After accounting for service charges and ground rent, the net rental yield is an attractive 5.34%. With an EPC rating of B, this property is a fantastic opportunity for investors to generate a strong return.