1 Bedroom Flat - Sold STC

Oxford Road Exeter EX4.

Offers in Excess of £172,500

Sold STC

Key features

  • Spacious

  • Central

  • Investment

Overview

Tenure:
Shared Freehold
Asking Price:
£172,500

HouseSimple is delighted to present this centrally located 1 bedroom flat in Exeter, which is offered without chain as a fantastic INVESTMENT OPPORTUNITY. In an attractive Grade II listed building, this recently rennovated ground floor apartment benefits from its own private garden and a light and airy modern interior, with some beautiful period features.

OVERVIEW:

City Centre Location
Good sized double bedroom
Period Features
Recently rennovated
Good investment/first time buyer opportunity

DESCRIPTION:
Centrally located investment opportunity, currently generating an excellent return through Airbnb rental. Ideal also for first time buyers or young professionals, this spacious accommodation is accentuated with white walls and wooden floors. Modernised kitchen comprising integrated appliances and bespoke feature wall shelving, with modern bathroom and shower. Large double bedroom has the original fireplace with double doors opening to the sitting area. The property also benefits from its own private front garden.

SITUATION:
The apartment is situated close to the City centre, University, RD&E Hospital and railway stations. Its convenient location will make it ideal for an investment market, young professionals or first time buyers.

THE ACCOMMODATION COMPRISES:
Pathway to the front door.
Wooden door leading to entrance hall, with a door to...

SITTING ROOM/DINING ROOM:
12'9" x 12'4" (3.89m x 3.76m)
A lovely light room with high ceilings and period features. Wood flooring. Decorative coving and a ceiling rose. Double glazed window to the rear. BT point and television point.

KITCHEN:
12'6" x 4'9" (3.8m x 1.45m)
Modernised gloss units and drawers, wood effect laminate work surface and white tiled splashback. Four ring electric hob with stainless steel oven and extractor hood over. Cupboard housing the fridge/freezer and washing mashing. Corner shelving with pull out spice rack and wine rack. Cupboard housing the water tank. Feature wall of hand crafted bespoke wooden shelving, with sculpted galvanised metal fixings. Double glazed window to side and tiled effect flooring.

BEDROOM:
15'5" x 14'1" (4.7m x 4.3m)
A large double bedroom with high ceiling and period features. Decorative period cast iron fireplace with tiled surround and mantle. Coving and ceiling rose. Sash window to the front. Wall mounted electric heater. BT point. Television point.

INNER HALL:
Good sized understairs cupboard with shelving. Coat hanging space.
Leading to...

BATHROOM:

Modern white suite. Panelled bath with Mira shower and screen. Pedestal wash hand basin and low level WC. Heated towel rail. Tiled walls and split level tiled floor with under floor heating. Double aspect with double glazed window to side and obscured double glazing to the rear.

OUTSIDE:
To the front of the property is a low maintenance garden area with a variety of shrubs and flowering plants.

OTHER:
The property is offered with a share of the freehold, sold with a recently renewed lease. The maintenance charges (including buildings insurance) are approximately £50 per month and a ground rent of £5 per annum. The property has been let on a part-time basis over the last two years, generating a healthy repeat business and ever increasing new leads from Airbnb thanks to its excellent location. Statistics for the current year boast an average of £1,082 income per month (with restricted letting at times) and a peak income in August of £1823.00. Before that it was tenanted, acheiving a rental income of £725 per month and a 7.2% yield. The furniture, fixtures and accoutrements are being offered for sale in addition to the asking price and by separate negotiation, for a buyer interested in maintaining its current Airbnb let status.
 

Extra Information

  • Property Age: 143 years
  • Council tax band: A (£1067.00 Per Annum)
  • Chain position: No chain
  • Double Glazing: Part
  • Heating: electric

EPC

Floor Plan

Property location

Local Area (within 1 kilometre)

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MISREPRESENTATION ACT, 1967. Conditions under which these particulars are issued Housesimple.co.uk for themselves and for the vendors or lessors of this property whose agents they are, give notice:-

These particulars do not constitute, nor constitute any part of, an offer or contract. All statements contained in these particulars as to this property are made without responsibility on the part of Housesimple.co.uk or the vendors or lessors. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. Any intending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

The vendors or lessors do not make or give, and neither Housesimple.co.uk nor any person in their employment has any authority to make or give, any representations, or warranty whatever in relationship to this property.

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