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Estimated potential rental value of £750 per calendar month with a gross yield of 5%.
Please note: This property has an energy rating of F. Properties can only be rented if they have an energy rating from A to E or are exempt. The recommendations section on the EPC sets out changes you can make to improve the property's rating.SITUATION
Situated towards the eastern end of the historic High Street, Honiton offers a range of amenities including supermarkets, an out of town retail park and a diverse and interesting range of independent shops. The A30 is easily accessible and provides links to the M5 and A303. Honiton is on the Exeter to London Waterloo line, and the London Paddington line is available from Taunton. Exeter International airport is 12.5 miles away with daily flights to London.
A number of popular beaches on the Jurassic Coast, such as Sidmouth and Lyme Regis, are within easy driving distance.ACCOMMODATION
Front door leads into entrance hallway with stairs to the first-floor landing. The open plan sitting room / dining room is an extremely generous size measuring approximately 26'9 x 26'5 with tiled flooring. The room flows in an L shape from a games area with space for a pool table and dart board into a dining room and finally finishing with a large open sitting room. The kitchen is well fitted with an array of base and wall units, a built-in cooker with electric hob and extractor hood above, space for a washing machine and double fridge / freezer. There are large windows throughout the first-floor level allowing plentiful light to fill the room creating a bright and spacious environment.
To the second floor there are 3 double bedrooms, a cloakroom and a shower room. The bedrooms are fantastic sizes with large windows and ample space for chest of drawers and wardrobes. The cloakroom is fitted with w/c and hand wash basin. The family shower room is split into two; one side fitted with shower cubicle and the other with w/c and hand wash basin.TENURE
The apartment is available to purchase with a new 125 year lease. Service charge will be arranged to cover 50% of the building insurance and property maintenance. There will also be a ground rent / administration fee of £200 per annum.SERVICES
Mains electricity, water and drainage. Electric heaters.DIRECTIONS
The apartment entrance is located along Honiton High Street between The Crusty Cob and Stags Office.