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1 bedroom ground floor flat for sale
College Road, St Leonards, Exeter
£190,000
College Road, St Leonards, Exeter
£190,000
Our Summary
- This apartment represents an excellent investment opportunity or step onto the ladder
- Leasehold Information - Length of Lease: 199 years commencing 23rd December 2008Annual Service Charge: £360 per quarterAnnual Ground Rent: £50 per annumService Charge Review Period (Year/Month): TBCGround Rent Review Period (Year/Month): TBCLettings Potential - Naomi J Ryan Lettings Department have put an estimated rental value on this property of £850 per calendar month, providing a gross rental yield of 5
Description
This one bedroom ground floor apartment with a private courtyard garden is located in the prestigious area of St Leonards and represents an excellent investment opportunity or step onto the property ladder. The apartment is accessed via a secure communal door and features an entrance hall, open plan kitchen and living space, a double bedroom, modern fitted shower room, and separate cloakroom. Outside, there is a private courtyard garden with storage shed, and shared footpath access to Raleigh Road. The leasehold property has a 199-year lease, with annual service charges of £360 and ground rent of £50 per annum. The property is estimated to generate a gross rental yield of 5.1% through Naomi J Ryan Lettings Department. Viewing appointments are strictly by appointment with the estate agents, and potential buyers are advised to use the services of The Mortgage Quarter, for which the estate agents expect a referral fee of £200.