North Gate House, Northernhay Gate, Exeter Auction Guide Price £170,000

FOR SALE BY ONLINE PUBLIC AUCTION (*unless sold previously)

ON THURSDAY 8 MAY 2025

AUCTION PRICE GUIDE: £170,000 LEASEHOLD

SITUATION & DESCRIPTION.

This is a well presented, two bedroomed apartment in a period building in the heart of Exeter located at the gates to beautiful Northerhay Gardens. A three to four minute walk leads to the High Street and Exeter’s wealth of shops, facilities and historic centre. Exeter Central station is two minutes walk. The university and Exeter College are five to ten minutes away.

The apartment features 2 well proportioned bedrooms, a lovely living room and kitchen/breakfast room fitted with oven and hob. There is a shower room with WC. The whole flat has a great deal of character and is well suited to a first time buyer or investor.

The cathedral city and county town of Exeter is one of the most sought after cities in England in which to live.  It has a delightful historic centre and the majority of its shops and facilities are centred around the High Street which is close by.  Bypassed by the M.5 and with a main line railway station with direct trains to many parts of the country (London Paddington is around 2 hours) Exeter is well connected.

SERVICES: Main services, except gas, are available.  Interested parties should contact the relevant public utility with regards to connection.

TENURE: Leasehold.

Term of Years: 199 years.

Unexpired Term: 180 years.

Ground Rent: £10 per annum.

Service/Maintenance Charge: £289 per month.

Flooding- this is deemed to be very low for Rivers and Seas, very Low for Surface water.

Internet- We understand that standard broadband can be found in this locality providing speeds up to 21Mbps.

Mobile Phone Signal- Several networks are currently displayed as available at the property.

Parking: On street

 *NOTE: Offers prior to auction will only be considered from buyers in a position to exchange contracts immediately under auction conditions.  A buyer’s administration fee of £2,950 is payable on exchange of contracts.  The price guide is a general guide only and a reserve price will be set within 10% of this figure. 

Agent Note

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. For properties bought at online auction, a fee of £3.50 +VAT is payable by each registered bidder to Landmark, an FCA registered company, through Essential Information Group. An inconclusive check will result in a further capped fee of £3.50 + VAT to cover any ensuing checks. We will require the full name, date of birth and current address of all bidders. For sales in a live auction room and for sales prior to auction, we use the services of a third party, Thirdfort, an FCA registered company, via whom checks will be conducted. We will require the full name, mobile phone number and current address of the buyer and there is a charge of £20 including VAT payable direct to Robert Williams Ltd. It is a mandatory requirement for a Sales or Lettings Agent to be part of a redress scheme, we have membership with The Property Ombudsman (a government approved redress scheme). It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).