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This ground floor garden flat is in need of refurbishment. Within the popular St James area, this property offers good development prospects (subject to the necessary consents.). Close to the University and within walking distance of Exeter’s High Street, this location is particularly popular with buy-to-let investors.
The internal accommodation comprises a hallway, lounge, kitchen, shower room, WC and double bedroom. Externally, the property boasts the rare benefit of a private courtyard garden.
Please note that this property is currently subject to a 99 year lease, which was granted in 1986, so availability of mortgages for this property is likely to be very restricted. It may be possible to extend this lease under the leasehold act. Buyers are advised to take their own legal advise before proceeding. Offered for sale with no onward chain, it would be an ideal investment for long-term letting or redevelopment. Further viewing is advised.full description
The front door to the flat opens to a hallway, which provides access to the lounge, WC, bedroom, kitchen, courtyard and a useful storage cupboard underneath the stairwell which houses the consumer unit. There is also a wall unit for storage.
Lounge (11' 4'' x 11' 4'' (3.46m x 3.45m))
A good-sized room benefitting from an electric fire, built-in storage accommodating the gas meter, and a sash window to the front aspect.
WC (5' 10'' x 3' 10'' (1.77m x 1.18m))
Including a low level WC, pedestal wash hand basin and extractor fan.
Bedroom (9' 3'' x 7' 1'' (2.83m x 2.16m))
With the advantage of ample built-in storage and a sash window to the rear of the aspect.
Kitchen (8' 1'' x 7' 5'' (2.46m x 2.26m))
Incorporating a range of mounted wall and base units, roll-edged worktops, tiled splashback and a stainless steel sink with drainer. Spaces are available for appliances and there is a freestanding oven. A window faces the side aspect and an open doorway leads to the shower room.
Shower Room (7' 3'' x 2' 11'' (2.21m x 0.89m))
Containing a tiled shower cubicle with thermostatic shower, an extractor fan and a window to the rear aspect.
An L-shaped courtyard with a sheltered area to the rear.
99 Years from 1986. The vendor has advised the agents that the ground rent for this property is set at a peppercorn rate and that no ground rent has been paid during his ownership.
It is likely that the lease can be extended under the Leasehold Reform Housing and Urban Development Act 1993. Buyers are advised to seek their own legal advise on this matter before proceeding.
Accurate valuation advice can be key to selling your home for the best price and in the right timescale. If you are asking too much, it will inevitably lead to no viewings or offers and the property will become stale before you know it. Of course, advertising too cheaply can often result in achieving a low sale price. The asking price needs to be right from the onset.
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