1 bedroom ground floor flat for sale

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1 bedroom ground floor flat for sale

College Road, St Leonards, Exeter
£180,000

Our Summary

  • This apartment represents an excellent investment opportunity or step onto the ladder
  • Leasehold Information - Length of Lease: 199 years commencing 23rd December 2008Annual Service Charge: £240 per quarterAnnual Ground Rent: £50 per annumService Charge Review Period (Year/Month): TBCGround Rent Review Period (Year/Month): TBCLettings Potential - Naomi J Ryan Lettings Department have put an estimated rental value on this property of £850 per calendar month, providing a gross rental yield of 5
  • Ideal First Time Buy or Investment Opportunity

Description

This one-bedroom ground floor apartment in the prestigious area of St Leonards offers an excellent investment opportunity or a chance to step onto the property ladder. The property features a private courtyard garden, secure communal door, and a well-maintained interior with an open-plan kitchen and living space, double bedroom, modern shower room, and separate cloakroom. The apartment is located near Raleigh Road and has a shared footpath leading to it. The property is leasehold with a remaining term of 199 years and annual service charges of £240 per quarter. Naomi J Ryan Estate Agents estimate the rental value to be £850 per month, providing a gross rental yield of 5.1%. Viewings are strictly by appointment, and the agency recommends sellers and/or buyers use the services of The Mortgage Quarter, for which they would receive a referral fee.