Compact city living with lift access and strong rental potential.
No onward chain and a 170-year lease remaining
A bright one-bedroom first-floor apartment in the heart of Exeter’s Princesshay Square, offered with no onward chain and a long 170-year lease. The open-plan living/dining/kitchen enjoys multiple windows and square-facing views, while the double bedroom includes fitted wardrobes and a modern bathroom completes the accommodation. The building provides lift and stair access and a communal atrium, making day-to-day living easy for city-centre residents.
This apartment will suit a first-time buyer seeking central convenience or an investor targeting strong rental demand; an in-house valuation suggests around £1,100pcm (approx. 8.25% gross yield at asking price). The flat is compact at roughly 513 sq ft, typical of town-centre apartments — economical to run for small households but limited for those needing outdoor space or large storage.
Important practical notes: heating is by electric storage heaters and mains electricity is the primary fuel. Annual service charge is significant at about £2,992 and there is no on-site parking or private garden. The building is a brick construction from the early 20th century and walls may have limited insulation. Broadband speeds are average; mobile signal is excellent.
Overall this is a well-presented, low-maintenance city apartment with clear strengths for central living and lettings. Prospective buyers should factor in the service charge, electric heating and the compact footprint when deciding if it matches their needs.
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