Marcus House, New North Road Studio for sale

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Marcus House, New North Road Studio for sale

Marcus House, New North Road
£107,500

Our Summary

  • 94Service Charge Review Period: DecemberGround Rent Review Period: December LETTINGS POTENTIAL Lettings Potential - Rosewood Property Lettings Department have put an estimated rental value on this property of £800
  • Cash buyers only

Description

This is a modern studio apartment located in the heart of Exeter's city centre, within walking distance to the University of Exeter and Exeter College. The property features an open-plan kitchen, living, and bedroom area, as well as a modern shower room. The apartment also has a private balcony, which is accessed via French doors from the living area. The property has been newly redecorated throughout and benefits from a secure entry system, electric heaters, and wood effect laminate flooring. The apartment is available chain-free and has a leasehold term of 125 years from 2005, with an annual service charge of £1,740.76 and an annual ground rent of £320.94. With an estimated rental value of £800 per month, this property offers a gross rental yield of 9%. Viewings are strictly by appointment with Rosewood Property.