Ready-to-rent first-floor apartment ideal for cash investors seeking central location.
Newly renovated one-bedroom apartment, ready to rent
A well-presented one-bedroom apartment on the first floor of a handsome Regency-style terrace, offering immediate rental potential in Exeter city centre. The interior has been newly renovated, with an open-plan lounge/kitchen, modern bathroom and large windows that take advantage of unusually high ceilings for a flat of this size. Two small balconies add outdoor access onto the main street.
This property is best suited to a cash investor or buyer able to proceed without mortgage finance. The lease has 61 years remaining and mortgage lenders could refuse to lend; this is a material constraint that will affect resale and financing options. There is an annual service charge of about £1,600 and a small ground rent of £100.
Location is a clear strength: central position close to shops, transport links and local amenities, with fast broadband and excellent mobile signal. Downsides include an above-average local crime score and no private garden. Council tax is very low, and the building’s period façade and high ceilings provide good curb appeal for prospective tenants.
Overall this is a ready-to-rent city-centre flat with strong presentation and immediate occupancy potential, but buyers should factor in the limited lease length and service charges when assessing value or financing routes.
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