Studio flat for sale

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Studio flat for sale

New North Road, Exeter, EX4
£110,000

Price History

Initial price £119,000
21/03/24 £110,000
Price Change -7.56%

Description

This investment opportunity presents a studio flat in a convenient location, featuring a lounge/bedroom/kitchen area, white goods, and a shower room. The property is currently occupied by tenants who pay £695 per month, generating a gross yield of 7%. The service charges, including ground rent and service charge, total £384.91 per month, leaving a rental yield of 5.34% after deductions. The property is leasehold, with an EPC rating of B, and the length of the lease is to be confirmed.