2-bedroom flat · EX2 4AE
For saleListed 110 days
Opportunity summary
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About
A beautifully presented and contemporary two double bedroom apartment, forming part of an attractive conversion, offering stylish accommodation with character features including vaulted ceilings, exposed timber beams and an abundance of natural light.
The heart of the home is the impressive open plan kitchen/living area, featuring striking high ceilings with exposed beams and rooflights that create a bright and spacious living environment.
The modern fitted kitchen is finished to a high standard with sleek cabinetry and integrated appliances including a fridge/freezer, dishwasher and washing machine, together with a breakfast bar that provides additional workspace and informal dining.
There are two generous double bedrooms, both offering excellent proportions and flexibility for professional sharers, couples or those requiring a home office.
The contemporary bathroom is beautifully appointed with full height tiling and comprises a bath with rainfall shower and handheld shower attachment over, wash hand basin with vanity shelf, WC and heated towel rail.
Residents also benefit from access to a shared communal courtyard area and secure bicycle storage, making the property ideal for those seeking convenient city living.
Situated on Commercial Road, the apartment enjoys an excellent location within easy walking distance of Exeter's Historic Quayside, the city centre, St Thomas railway station, local shops, cafés, restaurants and leisure facilities, with excellent transport links nearby.
COUNCIL TAX: Band C SERVICES: Mains Electric, Water & Drainage. BROADBAND: Full Fibre Broadband. Checked on Openreach June 2026.
MOBILE: Signal Dependant on Provider HEATING: Gas Central Heating LISTED: No TENURE: Leasehold. Term is 112 years from 1 July 2026.
SERVICE CHARGE: £1,680 per annum GROUND RENT: Peppercorn Exeter's historic Quayside is one of the city's most desirable locations, renowned for its picturesque waterside setting, independent cafes, restaurants and leisure facilities.
The area offers riverside walks, cycling routes and water sports, while Exeter city centre is within easy walking distance, providing excellent shopping, cultural attractions and excellent transport connections.
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Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Commercial Road, Exeter, Devon, EX2
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