Guide Price £145,000Request a viewing
5.4% gross yield
Close to RD&E
From the city centre proceed up Heavitree Road passing Waitrose on your left and Baring Crescent on your right. Baring flats can be found on the right hand side, almost directly opposite the turning to Grendon Road on the left.
Baring flats are superbly positioned in this sought after location within the thriving Cathedral city of Exeter with its multitude of facilities including a range of shops, restaurants and cafes and accessible to Exeter University and Exeter Central and Exeter St David's mainline train stations. The RD&E and St Lukes Campus are within walking distance and local amenities and the city centre are easily accessible.
A bright first floor one double bedroom apartment with modern kitchen and bathroom and allocated parking within this small purpose built development.
4 Baring Flats offers an exciting investment opportunity in this sought after city location. The accommodation has been tastefully updated in recent times and the finish throughout is bright and modern. An entrance hallway gives access to the kitchen, sitting room, bathroom and bedroom.
This is a fantastic investment opportunity with a potential gross yield of 5.4% and would suit buy to let investment buyers and professionals alike. The accommodation is exceedingly well kept and is offered with vacant possession if required and no onward chain.
|Front door opens into -|| |
|HALLWAY|| Glass fronted wardrobe with rail and shelving. Intercom system and electric heater. Doors to -|
|KITCHEN||7'6" x 7'3" (2.29m x 2.2m). Modern fitted kitchen with a range of floor and wall mounted cupboards and drawer units. Built in oven with four ring electric hob and extractor over. Sink with drainer and mixer tap over. Space for washing machine and a fridge/freezer. Double glazed window to the front aspect.|
|SITTING ROOM||18'8" x 10'8" (5.7m x 3.25m). TV point, electric heater and double glazed window to rear aspect.|
|MASTER BEDROOM||10'9" x 8'4" (3.28m x 2.54m). Electric radiator and double glazed window to the front aspect.|
|BATHROOM|| Bath with shower over, low level WC and wash hand basin. Heated towel rail.|
|OUTSIDE|| This apartment has the benefit of one allocated parking space within a covered carport.|
|AGENTS NOTE:|| The vendor advises that the property has the benefit of a 999 year Lease from 25 November 1963. The ground rent is £15 p.a.; the current service/maintenance 2018/19 charge is £30 pcm and the current 2018/2019 annual building insurance contribution is £84.37. There is a right to park one vehicle – please ask for further information.|
|LETTINGS NOTE:|| The vendor advises the property is tenanted until 17th August 2019 when it will be available with vacant possession. Wilkinson Grant Lettings Department would consider the rental value of this property to be in the region of £650 per calendar month which should give you a potential gross yield of approximately 5.4%. For further information on this or any property letting or management matters, please contact a member of our Lettings Department on 01392 455920 and they will be only too happy to assist with your enquiry.|
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