New North Road, Exeter, EX4 Studio for sale

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New North Road, Exeter, EX4 Studio for sale

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 situated in a convenient location, offering a great investment opportunity with a strong gross yield of 7%. The property features an open-plan lounge/bedroom/kitchen area, separate shower room, and has been recently redecorated with new carpets. The current tenants are paying £725 per month, and the property 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 and a leasehold tenure, this property presents a fantastic opportunity for investors.