Flat for sale in Magdalen Road, St. Leonards, Exeter EX2

Description

This well proportioned one-bedroom apartment is situated in a prime location within a new development in the heart of Exeter. Boasting a modern and stylish design, this first-floor apartment offers a perfect blend of comfort and convenience. The apartment features a spacious open plan living area with a well-equipped kitchen and a sleek bathroom.

Residents will also benefit from allocated parking and access to beautifully landscaped communal gardens, providing a peaceful retreat in the midst of urban living. With no onward chain, this property is ready to move into and offers an ideal opportunity for first-time buyers or investors looking to expand their portfolio.

About St Margaret's:
Originally built as single houses, the site was acquired by St Margaret’s and converted into a school in the 1920s, which welcomed local pupils through its doors well into the 21st century.

St Margaret’s has now returned to its original use as Exeter-based developer, Grenadier, redevelops the Grade II and Grade II* listed buildings into energy efficient homes for the area.

The redevelopment celebrates, preserves and sensitively restores features reminiscent of the eras through which St Margaret’s has evolved: Including the Georgian high ceilings with delicate coving, elegant staircases and marble fireplaces, as well as the Edwardian stained-glass windows and ornate Ironwork banisters.

Situation

St. Margaret's Residence is located in the heart of St. Leonards, close to the famous 'village shops' of Magdalen Street, City Centre and excellent local amenities. Exeter provides a number of outstanding private and state schools at all levels, together with a Red Brick university, expanding college and the Royal Devon and Exeter hospital. The City affords brilliant sports and leisure facilities, being situated on the river, and offers a selection of theatres, cinemas, museum, cathedral, football, rugby and leisure centres. Rail links to London Paddington around two hours. Exeter Airport is around five miles away providing regular air services to the UK and International destinations.

Directions

From Paris Street roundabout follow Western Way. Turn left into Magdalen Road, follow Magdalen Road beyond the shops and Mount Radford Public House. Approx 400m after passing the Mount Radford Public House; St Margaret's Residence, EX2 4BJ will be on your left.

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Kitchen / Sitting / Dining Room (7.47m x 3.9m)

Utility Room

Bedroom (5m x 4.57m)

Family Bathroom

Services:

The developer has advised the following: Central Heating and Hot Water provided via gshp. Mains Electricity, Water and Drainage. Underfloor heating to bathroom – wet system. Telephone landline not currently in contract. Broadband not currently in contract. Approx. Download and upload speeds currently unknown. Mobile signal: Several networks currently showing as available at the property. Electric vehicle charging point installed in communal parking area. EER:B'

Agents Note:

The Vendor advises that these Apartments will have Leases of 999 years commencing 2023. There will be a peppercorn ground rent in place.

The Vendors advise that the properties will be subject to an Annual Service Charge for the costs of upkeeping and maintaining common areas and individual blocks. The service charge will be operated in an open and transparent manner by a managing agent.

Current Budgeted Annual Service Charge is a guide of £500 - £950 per annum and the exact amount will be calculated based on the square footage of the apartment and what percentage of the building it occupies.

Rather than charge residents for heating and hot water, the maintenance and energy used by the Ground Source Heat Pump (gshp) equipment will instead be included in the service charge.