Summary - Second Floor Flat, 38 Portland Street EX1 2EQ
1 bed 1 bath Flat
**Standout Features:**
- Top-floor studio apartment with no onward chain
- Excellent rental yield potential (current rent £600/month, potential up to £750/month)
- Located in a vibrant cosmopolitan neighborhood, ideal for students and professionals
- Good-sized separate kitchen with elevated views
- Light and airy open-plan living space
- Convenient access to local amenities, transport links, and the University of Exeter
- Very cheap council tax
**Concerns:**
- Small bedroom and living area with low ceilings
- Timber frame construction with no insulation (assumed)
This charming top-floor studio apartment in Newtown is a fantastic opportunity for first-time buyers and savvy investors alike. Currently rented to a long-term tenant generating £600 a month, this gem offers a promising yield of approximately 6%, with potential rents climbing higher in today’s market. Featuring a well-sized separate kitchen that boasts elevated views and a bright open-plan living space, this property is perfect for those looking to embrace city living.
Nestled in a culturally rich neighborhood, you’ll be just a short walk from the RD&E hospital, city center amenities, excellent transport links, and the prestigious University of Exeter. With very cheap council tax and the potential to enhance the property's value through modernization, you will not want to miss out on this opportunity. Act fast and envision your new lifestyle in this inviting property!
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