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2 bed flat
Exeter Road, Exmouth EX8
£169,995
Exeter Road, Exmouth EX8
£169,995
Our Summary
- Tenure: The property has the benefit of the Freehold of the whole building, with the upper flat held on a 189 year lease from 1984, offering long-term stability and potential future value, with a Peppercorn Ground Rent of £15 per annum
- Rare Garden Flat And Building Freehold With Investment Potential
Description
This extended ground floor flat offers spacious and versatile accommodation, situated close to the town center. The property can be accessed via the communal front entrance or a lane to the rear, leading to the flat through the garden. The flat has its own garden and can be arranged as a one-bedroom flat with two living areas or two large double bedrooms. The interior features a reception hall, cloakroom, two bedrooms, a kitchen-dining room, utility area, sun room, and a shower room. The property also benefits from its own patio garden and has the benefit of the freehold of the entire building, with the upper flat held on a 189-year lease. The seller is currently renewing the lease on the flat, ensuring mortgage suitability and long-term security for the buyer.