2-bedroom flat · EX2 8GX
For saleReduced £15k (−5.5%) on 11 AugListed 180 days
Opportunity summary
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About
Description Positioned in the heart of Exeter’s historic Quayside, this exceptional third-floor apartment offers contemporary comfort and vibrant waterside living.
For those who embrace an active lifestyle, the Quay provides unrivalled access to cycling routes, river walks, and water sports while the city centre is equally close.
Entering the apartment, you are greeted by a spacious hallway featuring two practical storage cupboards.
The heart of the apartment is the open-plan living and kitchen space, flooded with natural light offering a balcony with river views.
Two double bedrooms each provide ample space and tranquillity, while the bathroom is modern and functional.
The balcony off the master bedroom offers a quiet vantage point overlooking the development, perfect for morning coffee.
Meanwhile, the living room provides a spectacular perspective of the Quayside itself, creating an enviable backdrop for entertaining and relaxing.
The Waterside development itself exudes a sense of security and community, with keypad operated gates, secure undercover allocated parking, additional visitor spaces, and beautifully maintained communal grounds.
Situation Set within a highly desirable residential development near Exeter’s historic Quayside, this property enjoys an enviable location with The Quay right on your doorstep.
Here, you’ll find an array of restaurants, cafés, shops, and pubs, along with a variety of water sports facilities.
The area also boasts scenic cycle paths that follow the Riverside Valley, leading towards Countess Wear, Double Locks, and beyond to The Turf, where you can catch a ferry across to the charming town of Topsham.
Directions From Exeter city centre proceed along Western Way passing the Hotel Du Vin on your left. Continue on towards Exe Bridge, staying in the left lane and continue towards Alphington Road.
At the traffic lights on the A377, take the first exit onto Haven Road and continue until you see the gated entrance to Waterside, on your left hand side.
Services: The vendors advise the following: No gas to the property. Mains electricity (serving the central heating and electric immersion heater for hot water), mains water and drainage.
Telephone landline not currently under Contract. Broadband: Estimated Standard speed 11 Mbps, Superfast speed 80 Mbps and Ultrafast speed 1000 Mbps.
Mobile signal: Several networks currently showing as available at the property including 02, EE, Three and Vodafone. Agents Note: The property sits within the Riverside Conservation Area.
The vendor has advised that the property has the benefit of a 125 year Lease from 1 December 1989. Vendor advises that they are in the process of extending the Lease.
The Managing Agent is Smart Block Management Exeter. Ground rent: £250 pa. 2025/26 Management/service charges to include buildings insurance approx. £2,600 p.a.
Payable in two instalments in April and October. Covering cleaning, window cleaning, gardening etc in the communal areas.
Agents Note: Please note that some of the images used have been digitally staged.
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 53, Waterside, Haven Bank
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