First floor, two bedroomed flat situated in this sought after block of apartments located in the town centre. Parking for one car.
Situation and Description
40 Richmond Court is a first floor, two bedroomed flat situated in this sought after block of apartments located in the town centre of the county town and cathedral city of Exeter. Purpose built approximately 20 years ago, this property is only 3 minutes’ walk from Exeter Central railway station and 5 minutes walk from the main shopping centre, yet it is in a peaceful location.
The flat is accessed by stairs or lift. The front door opens onto a long hall which all the rooms lead off. There is a well proportioned master bedroom with en suite, together with a family bathroom and good second bedroom. The long living room has a separate kitchen area with fitted units. The property benefits from gas fired underfloor central heating. Outside is a parking area for one car.
The apartments in Richmond Court are popular with first time buyers and investors looking to rent to people working in the city and to students at the university. Exeter is one of the most popular provincial cities in England and has excellent road and public transport links being by-passed by the M5 and having main line rail links to London Paddington and to Waterloo (fastest time to Paddington 2 hours).
Term of lease: 150 years from 2005
Unexpired term: 132 years
Service Charge: £1,588.88 per annum.
Ground rent: £134.64 per annum
Services: All main services are available and were connected at the time of inspection.
Local Authority: Exeter City Council.
AGENT'S NOTE: This property is chain-free and is available only to buyers with nothing to sell with finance available or who have a mortgage arranged in principle. The property was for sale by public auction, therefore there is an exchange-ready legal/homebuyers pack is available which contains all the information a buyer or their solicitor requires to exchange contracts immediately.
If let at £1100 per calendar month this equates to a potential gross rental yield of 6.9%
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. We use the services of a third party, Thirdfort, an FCA registered company, who will contact you directly to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 including VAT for this, (per person), payable direct to Robert Williams Estate Agents. Details will be provided upon request. Please note, we are unable to issue a memorandum of sale until all the required mandatory checks are complete.