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1 bedroom apartment for sale
Pennsylvania Park, Exeter
£185,000
Pennsylvania Park, Exeter
£185,000
Our Summary
- GREAT INVESTMENT OPPORTUNITY IN SUPERB LOCATION NEAR UNIVERSITY & CITY CENTRESpacious Basement Flat situated to the rear of this elegant Grade II* Listed Property
- There is potential to increase this
Description
This is a spacious basement flat located in a highly desirable area near the University of Exeter and city center. The property features a private entrance, living/dining room, kitchen, double bedroom, and modern bathroom with separate shower. The flat also benefits from private communal gardens to the side, which include Pennsylvania Park, a secluded and peaceful area. The property has a modern kitchen with integrated appliances, a spacious lounge with electric fire, and a double bedroom with cupboard housing the hot water tank. The bathroom is stylishly modern with a white suite and heated towel rail. The communal gardens are well-maintained and offer superb views of Exeter and the surrounding countryside. The property is leasehold with 92 years remaining and has a service charge of £1,788 per annum, which covers the ground rent of £100. The property has the potential to increase its rental income, offering a yield of just under 6.5% per annum.