Summary - Flat 1, 47, High Street EX34 9QB
2 bed 1 bath Apartment
Large, low-maintenance two-bedroom flat with parking and communal gardens..
- Very large 2-bed apartment (86m2 / 926ft2)
- Allocated off-street parking space (rare central benefit)
- Landscaped communal gardens with decking and lawn
- Hardwood double-glazed sash windows and gas central heating
- Currently let; potential gross yield ≈ 6.4% at £800pcm
- Leasehold: 984 years remaining, £50 ground rent
- Service charge ~£900pa; tenant permitted but holiday letting restricted
- Area: very deprived with above-average crime rates
This generous first-floor apartment offers an unusually large 86m2 (926ft2) layout with high ceilings and a 16ft x 14ft lounge featuring a deep bay window. High-quality modern fittings, a well-equipped kitchen with integrated appliances and a fully tiled bathroom make it a comfortable, low-maintenance home suited to retirement living or downsizers who want space close to town and the seafront.
Practical extras include an allocated off-street parking space—a rare central convenience—and attractive landscaped communal gardens with decking and lawn. The flat is currently let but would suit a retiree looking for ready-made income flexibility or an investor seeking a solid gross yield (around 6.4% at an £800pcm rent estimate).
Important facts and drawbacks: the property is leasehold (original 999-year term commenced 2008) with 984 years remaining, an annual service charge of about £900 and ground rent of £50. The lease restricts holiday letting and, while it permits pets with written permission, current building policy does not allow pets. The area shows high deprivation and above-average crime rates, so prospective buyers should consider local social conditions alongside the apartment’s strong internal appeal.
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