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5 bed flat for sale Alphington Road, Exeter

For Sale

£475,000

Added yesterday

Type: Flat
Bedrooms: 5
Bathrooms: 3
Tenure: Freehold

About this property

FULL DETAILS An excellent opportunity to acquire a freehold block of three self-contained flats, ideally positioned on Alphington Road, within easy reach of Exeter city centre, Exeter Quay and a wide range of local amenities and transport links. Currently generating just under £30,000 per annum, with scope to further increase the rental income, this is a ready-made investment opportunity with excellent tenants already in situ. The property is offered for sale with no onward chain and a highly motivated seller, making it an opportunity not to be missed.

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Location

Alphington Road, Exeter

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Mortgage and stamp duty

Property price £475,000

£237k £713k

Deposit10% £48,000

£0 £475k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £427,000 mortgage. Most lenders would want a household income of about £95,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.