Studio flat for sale

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Studio flat for sale

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, located in a highly convenient area. The property features an open-plan living space with a kitchen, bedroom, and shower room, and has been recently redecorated with new carpets. The current tenants are paying £725 per month, providing a strong gross yield of 7%. The property can also be sold with vacant possession if required. With ground rent and service charges factored in, the net rental yield is an attractive 5.34%. This is a great chance to invest in a property with a solid income stream, and with an EPC rating of B, it's also an energy-efficient option. Contact the agent for more information or to arrange a viewing.