New North Road, Exeter, EX4 Studio for sale

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New North Road, Exeter, EX4 Studio 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 lounge/bedroom/kitchen area, a separate shower room, and has recently been redecorated with new carpets. The current tenants are paying £725 per month, generating a strong gross yield of 7%. After accounting for service charges and ground rent, the net rental yield is an attractive 5.34%. The property is being sold with the tenants in situ, but can also be sold with vacant possession if required. With its excellent location, high rental income, and attractive yield, this property is a must-see for investors.