Magdalen Street

This is an impressively refurbished first floor apartment in a great City centre location. The property has three double bedrooms which are let to three working sharers. Each bedroom is a good double and well furnished. All have smart TVs. There is an impressive fitted kitchen/dining/lounge with shaker style units, composite quartz work surfaces and integrated appliances. There is also a useful pantry. The attractively refitted bathroom has a shower over the bath. The apartment enjoys high ceilings with lots of light, sash windows (double glazed at the front) and two feature original fireplaces. Outside there is an area of communal courtyard.  The apartment is let to at £595 per room, per calendar month and is fully occupied. The annual income of £21,420 equates to more than a 7% return based on the asking price.

The property sits in an enviable location in the very heart of the Cathedral City of Exeter. It backs on to the Southernhay business district, an area which has seen several ‘high end’ residential developments in recent years. The Cathedral itself is nearby, as is Exeter’s High Street for shopping, banking etc. and the renowned Princesshay Shopping Centre. The Exeter Combined Court, central railway station and main bus station are also within easy walking distance.

We feel this ought to be of interest to owner occupiers and investors alike and strongly recommend early viewing to avoid disappointment.