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3 bed property, in Magdalen Street, £320,000
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3 bed flat

Magdalen Street, Exeter, EX2
£320,000

Our Summary

  • EXCELLENT INVESTMENT OPPORTUNITY
  • 6% however there is scope for this to be increased

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Description

This modern apartment offers a fantastic investment opportunity, boasting spacious and light-filled accommodation in a central location. With three large double bedrooms, a generous open-plan kitchen/dining room, and a large bathroom, the property is perfect for working professionals. Currently rented out at a monthly rent of £1500, excluding bills, the property yields a gross return of 5.6%.

Additionally, the apartment is leasehold with 993 years remaining, plus a share of the freehold, offering long-term security for investors. With potential to increase the rent and a prime location, this property presents a great opportunity for those looking to diversify their investment portfolio.