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See how verdicts work3-bedroom flat · EX2 8BG
Listing removedListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to present this spacious and beautifully maintained three-bedroom apartment, occupying a desirable fourth-floor position within a sought-after residential area of Exeter.
The apartment comprises a welcoming entrance hall leading to a bright and airy lounge, a separate dining room perfect for entertaining, and a well-appointed kitchen with ample storage and workspace.
The principal bedroom benefits from its own en-suite shower room, while two further good-sized bedrooms are served by a modern family bathroom.
Large windows throughout the property allow for an abundance of natural light, enhancing the sense of space and comfort.
Finished to an excellent standard, the property is ready for immediate occupation and offers a wonderful balance of city living and access to nature.
Residents can enjoy picturesque canal-side walks and scenic countryside rambles just moments from the doorstep, creating an ideal environment for both relaxation and recreation.
The property is conveniently positioned close to a wide range of local amenities, including shops, supermarkets, schools, cafés, restaurants, and leisure facilities.
Exeter city centre is easily accessible, offering an extensive selection of retail, cultural, and dining options.
For commuters, the apartment benefits from excellent transport connections, with straightforward access to the A30 and M5 motorway, as well as nearby public transport links.
Bedroom 3 2.96 x 2.83 The third bedroom is also a good size and offers skylight windows, neutral décor and carpeted flooring.
Kitchen 4.90 x 2.63 This is a good-sized, stylish kitchen with skylight windows, wall, base and drawer cabinets and integrated appliances.
Garage 8.85 x 4.97 This large garage provides additional parking and/or storage with an up-and-over door opening to the car park.
Exterior The apartment is accessed via a communal entrance from the car park.
The car park is attractively landscaped with mature shrubs and there are canal-sidewalks bordered by mature hedges and shrubs.
Lounge 4.27 x 4.07 This is a large, light-filled reception with twin windows and skylight vistas.
It is neutrally decorated and offers carpeted flooring and is open plan with the kitchen creating a large, social space.
Bedroom 1 4.17 x 3.00 A large, double bedroom with skylight windows, neutral décor and carpeted flooring.
Bedroom 2 3.96 x 3.92 A second, double bedroom with neutral décor, carpeted flooring and en suite facilities.
En-suite 1.66 x 1.48 This modern shower room comprises a walk-in shower enclosure with electric shower, white vanity washbasin with integrated storage and a WC.
Bathroom 2.34 x 1.97 The bathroom comprises a modern, white, three-piece bathroom suite with a spa bath and vanity washbasin with integrated storage. Disclaimer 1.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: TPSC has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: TPSC has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Gabriels Wharf, Water Lane, EX2
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