Studio

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Studio

New North Road, Exeter EX4
£95,000

Price History

Initial price £110,000
04/02/25 £107,000
13/02/25 £95,000
Price Change -13.64%

Description

This studio flat is a fantastic investment opportunity, offering a strong gross yield of 7% with tenants currently paying £725 per month. The property has been recently redecorated and features new carpets, with an open-plan lounge/bedroom/kitchen area and a separate shower room. The property can be sold with the tenants in situ, or with vacant possession if required. With a ground rent of £238.92 per annum and a service charge of £145.99 per month, the net rental yield is an attractive 5.34%. This is a great chance to invest in a convenient location, with an EPC rating of B.