Red Lion Lane, Exeter 1 bed apartment for sale

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Red Lion Lane, Exeter 1 bed apartment for sale

Red Lion Lane, Exeter EX1
£130,000

Price History

Initial price £140,000
28/05/25 £130,000
Price Change -7.14%

Description

This ground floor one-bedroom apartment in Exeter offers a fantastic investment opportunity, generating a 7% yield with a monthly rent of £825. The property features a spacious open-plan living area with French doors leading to a south-facing Juliette balcony, a modern kitchen with integral appliances, and a shower room with electric shower. The apartment also has a bedroom area with space for a double bed and wardrobe. With no ongoing chain, this property is ready to move into or rent out immediately. The lease has 109 years remaining, and the ground rent and service charge are £200 and £1,270 per annum, respectively. This is a perfect first home or investment property, situated in the heart of Exeter with easy access to local amenities.