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Studio flat for sale
New North Road, Exeter, EX4
£95,000
New North Road, Exeter, EX4
£95,000
Price History
Initial price | £119,000 |
21/03/24 | £110,000 |
04/02/25 | £107,000 |
13/02/25 | £95,000 |
Price Change | -20.17% |
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 an open-plan lounge/bedroom/kitchen area, separate shower room, and includes white goods. The property is being sold with the tenants in situ, but can also be sold with vacant possession if required. With a ground rent of £238.92 per annum and service charge of £145.99 per month, the net rental yield is an attractive 5.34%. The property has an EPC rating of B and is available to view through the agent.