£320,000
Est. Mortgage £1,460 per month*
3 bedroom flat for sale
Exeter, EX2
flat 
3 bedrooms Property description
EXCELLENT INVESTMENT OPPORTUNITY! - This modern and spacious apartment has recently been fully re-decorated and re-carpeted throughout and offers spacious, light and airy accommodation in a great central location. Located at the bottom of Southernhay on Magdalen Street, the property is a short walk from the City Centre.
The first floor apartment comprises three large double bedrooms with high ceilings and plenty of natural light. There is a generous open plan kitchen / dining room which serves as a comfortable social space, at the rear is a large bathroom with shower over the bath.The property is currently rented to working professionals on a joint, periodic tenancy agreement at a monthly rent of £1500 excluding bills (which the tenants are responsible for). This equates to a gross return of just over 5.6% however there is scope for this to be increased.NB Flat 3 is also for sale and can be negotiated into any potential purchase, contact us for details.
Tenure: Leasehold (993 years left) plus share of freehold - please enquire for details
EPC Rating: E
Council Tax: Exeter City Council - Band B
EPC Rating: E
The first floor apartment comprises three large double bedrooms with high ceilings and plenty of natural light. There is a generous open plan kitchen / dining room which serves as a comfortable social space, at the rear is a large bathroom with shower over the bath.The property is currently rented to working professionals on a joint, periodic tenancy agreement at a monthly rent of £1500 excluding bills (which the tenants are responsible for). This equates to a gross return of just over 5.6% however there is scope for this to be increased.NB Flat 3 is also for sale and can be negotiated into any potential purchase, contact us for details.
Tenure: Leasehold (993 years left) plus share of freehold - please enquire for details
EPC Rating: E
Council Tax: Exeter City Council - Band B
EPC Rating: E
Interested in this property?
Check Your Credit Report & Score 
Property photos
Council tax
First listed
4 days agoEnergy Performance Certificate
Exeter, EX2
Marketed by
Hellier Ridley - Exeter Elmbrook House, New North Road Exeter EX4 4LACall agent on 01392 976588
Placebuzz mortgage repayment calculator
Monthly repayment
£1,460
We think you can borrowAdd your household income
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Exeter, EX2 - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Hellier Ridley - Exeter. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hellier Ridley - Exeter for full details and further information.