Musgrave Row, Exeter
- PROPERTY TYPE
Flat
- BEDROOMS
9
- BATHROOMS
9
- SIZE
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Key features
- Fully refurbished residential investment block
- Comprehensive renovation programme underway
- Total gross annual income circa £140,400
- Approximate gross yield of circa 8% at a guide price of £1.75million
- Turn-key, income-producing asset with minimal future capital expenditure
Description
An exceptional city-centre residential investment comprising nine one-bedroom apartments, currently undergoing a comprehensive, high-quality renovation throughout. Once complete, the building will offer a fully modernised block in a prime Exeter location, positioned for strong and immediate income performance.
All apartments are being finished with brand-new kitchens, bathrooms and flooring, alongside a full refurbishment of the communal areas. The scheme is on track to be fully let and occupied by early April, delivering a projected gross annual income of £140,400, equating to an approximate 8% return at the asking price.
The Property - Musgrave House is a prime city-centre investment opportunity comprising a fully refurbished block of nine one-bedroom apartments located in central Exeter. The building is currently in the final stages of a comprehensive renovation programme, with every apartment being delivered with a new kitchen, new bathroom, modern flooring and contemporary finishes throughout. The communal areas are also being fully refurbished to create a cohesive, high-quality residential block.
Once complete, all nine apartments are expected to achieve £1,300 per calendar month, generating a total gross annual income of £140,400. At the proposed asking price, this reflects an attractive gross return of approximately 8%. Tenants will be responsible for their own utility bills, ensuring a straightforward income profile and low ongoing management costs.
The property is held on a 125-year lease from Exeter City Council and is expected to be fully let and occupied by early April. With the refurbishment removing short-term capital expenditure and the location underpinning strong rental demand, Musgrave House offers a turn-key investment well suited to private investors or portfolio buyers seeking immediate income in a core Exeter location.
For further information, detailed rental schedules or to discuss the opportunity in more depth, please contact the Francis Louis team directly.
Brochures
Musgrave Row, Exeter- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Musgrave Row, Exeter
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Visit our security centre to find out moreDisclaimer - Property reference 34368688. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Francis Louis, Exeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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