1 bed flat for sale

Homecourt House, Bartholomew Street West, Exeter EX4

Description

An excellent investment opportunity to acquire a well-presented one-bedroom retirement apartment within the highly regarded Homecourt House development, ideally situated in the heart of Exeter city centre. Offered for sale with a sitting tenant in situ, this property is available to investor purchasers only and provides an immediate rental income from an established tenancy.

The apartment offers well-proportioned and light-filled accommodation comprising a bright and spacious living room, fitted kitchen, double bedroom and bathroom. Residents also benefit from beautifully maintained communal gardens, residents' parking, a communal lounge and a range of onsite facilities designed to promote independent retirement living and a strong sense of community.

Homecourt House is a popular and well-established retirement development offering an excellent selection of resident amenities, including regular coffee mornings, monthly social activities, bingo evenings, laundry facilities, lift access, guest accommodation for visiting family and friends, an onsite manager and emergency careline system. The development provides a welcoming and sociable environment for residents whilst maintaining privacy and independence.

The property enjoys an exceptionally convenient location just a short walk from Exeter city centre and the historic Exeter Quayside, renowned for its waterside walks, cafés and leisure facilities. Residents have easy access to an extensive range of amenities including Princesshay Shopping Centre, Guildhall Shopping Centre, Marks & Spencer, Tesco Express, Sainsbury's Local, Boots, Superdrug and numerous independent retailers. Popular nearby restaurants and eateries include The Ivy Exeter, Harry's Restaurant, Côte Brasserie, ask Italian, Turtle Bay, Rockfish and On The Waterfront at Exeter Quay.

Excellent transport links are readily available, with Exeter St Davids and Exeter Central railway stations both within easy reach, providing regular services to London Paddington, Bristol, Plymouth and the wider South West. Numerous bus routes operate throughout the city and surrounding areas, while the A30, M5 motorway and Exeter International Airport are all easily accessible.

This is a rare opportunity for investors to purchase a retirement apartment within one of Exeter's most sought-after developments, benefitting from a tenant already in occupation, a central location and excellent resident facilities.

Rental income and yield information, with the current gross rental yield £725 per month (£8,700 P/A)

Investment Buyers Only - Please Note: The property is being sold subject to an existing tenancy agreement with a tenant in occupation. As such, the apartment is suitable for investor purchasers only and is not available with vacant possession.

By law, we are required to conduct anti-money laundering checks on all potential buyers and we take this responsibility very seriously.

If your offer to purchase a property is accepted (subject to contract), you will need to satisfy the requirements set out in the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

To comply with these obligations, we work with an independent third-party provider, Coadjute, to complete id verification, aml checks, and source of funds checks. A non-refundable fee of £27 plus VAT (per person) applies for these checks and Coadute will handle the payment for this service.

These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.

As a regulated Sales Agent, we are required to be part of an approved redress scheme. We are members of The Property Ombudsman, which is a government-approved scheme providing independent dispute resolution.

From time to time, we may introduce buyers or sellers to The Mortgage Quarter. Use of their services is entirely optional. If you choose to proceed with them, please be aware that we may receive an average referral payment of £200 for the introduction.

Council Tax Band: A
Tenure: Leasehold (54 years)
Ground Rent: £740 per year
Service Charge: £2,078 per year
54 years left on lease

Repairs and Maintenance - £213.60