1 bed apartment for sale in Pennsylvania Park, Exeter (ref: 617911)

GREAT INVESTMENT OPPORTUNITY IN SUPERB LOCATION NEAR UNIVERSITY & CITY CENTRE

Spacious Basement Flat situated to the rear of this elegant Grade II* Listed Property. With private entrance leading to a living/dining room, kitchen, double bedroom and modern bathroom with separate shower. Outside there are private communal gardens to the side with Pennsylvania Park for private use of the residents. Pennsylvania Park is situated in a highly desirable, secluded location within a mile of both the city center and University of Exeter. Pennsylvania is served by a bus service which runs into the city center.


THE ACCOMODATION:

OUTSIDE - LOWER GROUND FLOOR Steps lead down from the communal garden at the side of the property to the entrance of the flat on the lower ground floor. There is a paved terrace to one side and some storage space beside the steps. The property front door opens to the kitchen and there are further doors to the lounge and the bedroom.

KITCHEN 11' 2" x 9' 0" (3.41m x 2.75m) Comprising a range of matching units including integrated fridge and freezer. Electric oven, four-ring hob and extractor above. Stainless steel one and a half bowl sink unit with work surface. Night storage heater.

LOUNGE/DINER 15' 5" x 13' 4" (4.72m x 4.07m) The lounge is very spacious and benefits from a modern electric fire with wooden mantel and surround, TV and telephone points, dimmer lights and a night storage heater. There is also a door to the front providing access to outside.

BEDROOM 21' 4" x 7' 11" (6.52m x 2.43m) Cupboard housing hot water tank. Double doors opening to the outside. Night storage heater.

BATHROOM A stylish modern, fully tiled bathroom with a white suite comprising a bath, WC and wash hand basin with cupboard beneath. Heated towel rail, walk-in shower, tiled floor and window.

COMMUNAL GARDENS At the front of the building there is an expansive communal park area with large lawns, mature trees and various seating areas with superb views over Exeter and the surrounding countryside. In addition, there are further communal gardens to the side of the building with various mature plants and trees, tidy lawns and some flowerbeds. The communal gardens are maintained by a management company and are very tidy and well kept.


FURTHER INFORMATION

Based on the current rental income the yield (after service charge deducted) is just under 6.5% pa. There is potential to increase this.
Leasehold - 92 Years remaining
Service Charge (PA) £1,788
Ground Rent (PA) £100 (Covered by the Service Charge)

For more Information or to book an appointment to view please call or mail Star Investment Properties