Secure long lease and low running costs close to shops and university.
Top-floor one-bedroom flat in central Exeter
This top-floor one-bedroom flat sits in a Victorian terrace in central Exeter, a short walk from shops, cafes and the university. The long 999-year lease (extended to 999 from 2017) and share of freehold give genuine security of tenure, while low service charge and a nominal ground rent keep running costs economical.
The accommodation is compact and practical: an open-plan living/bedroom with a partitioned sleeping area, separate kitchen with gas combination boiler, and a recently refitted shower room. The flat has built-in storage and loft access, plus fast broadband and excellent mobile signal — useful for students or first-time buyers working from home.
Be clear about the location and condition: the property sits within a cosmopolitan, student-dominated neighbourhood that records very high local crime levels and higher area deprivation. The building shows period character but needs ongoing maintenance; there is a potential for damp and general modernisation throughout. Internal space is modest with limited private outdoor space (small forecourt only), and higher-floor position may mean street noise.
For a buyer seeking a central, low-cost-to-run flat with secure long lease length, this offers good entry-level value and rental potential. It will particularly suit someone happy to update the finish and accept a busy city-centre setting.
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