Magdalen Street, Exeter £189,500

CHAIN FREE - A beautifully presented, generously proportioned two double bedroom apartment in an attractive Grade II listed building situated in the centre of Exeter. Available fully furnished with a great rental track record. Ideal for investment or first-time buyers.

Situation

This spacious apartment is perfectly situated to enjoy city centre living and working being only moments from Southernhay, the Cathedral, and the shops, bars, restaurants and cafés of the city centre and Princesshay. Exeter’s historic quayside is also within walking distance as is the bus and coach station, and Central train Station.

The Property

Located on the first floor this wonderful apartment benefits from many period features typical of the era, such as high ceilings, ornate cornicing and sash windows. It is above street level but retains the large windows and lofty ceilings unlike the apartments above. Stairs lead from the communal entrance to the apartment front door which opens to the entrance hall where there is an entry phone and a useful storage cupboard. The living room is an impressive room with two large sash windows with secondary glazing flooding the room with light. The ceiling height is generous with ornate cornicing, and there is a feature fireplace. There is plenty of space for both sitting and dining furniture. The well thought out kitchen makes the most of the available space with a range of white floor and wall units under blue countertops. Integrated appliances include a gas hob, extractor, electric oven/grill and fridge/freezer, and there is space for a washing machine. There are two double bedrooms with views to the rear, one with fitted wardrobes, which are served by the shower room with electric shower, wash basin and WC.

Agents Note

The property has been continuously let for the last three years for £900 pcm. This equates to an impressive gross rental yield of 5.54%. The furnishings as seen in the photographs are included in the sale.

Tenure

Leasehold – 983 years remaining. Ground Rent – Peppercorn. Service Charge £1,320 pa

Services

Mains gas, electricity, water and drainage. Gas central heating.

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