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See how verdicts work3-bedroom flat · EX2 4AE
For saleListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in one of Exeter's most sought after waterfront locations, this beautifully presented three bedroom apartment offers spacious and versatile accommodation with stunning views across the historic Quay.
The property has a welcoming hallway which leads to a generous open plan kitchen/living/dining room, creating an ideal space for both everyday living and entertaining.
The contemporary fitted kitchen benefits from integrated appliances including a fridge/freezer and dishwasher, providing a sleek and practical finish.
French doors open onto a private balcony where you can enjoy uninterrupted views over the water and watch life along the Quayside.
There are three well proportioned double bedrooms, with the principal bedroom benefiting from a contemporary ensuite shower room. A modern family bathroom serves the remaining bedrooms.
A standout feature of the property is the staircase leading from the kitchen area to an impressive mezzanine living space.
Filled with natural light and character, this versatile room enjoys elevated views across the water and could be used as a second lounge, home office, studio or snug.
Residents also benefit from access to a communal courtyard and a secure communal bike store, adding further convenience to this exceptional waterside home.
Located just moments from Exeter Quay's vibrant selection of cafes, restaurants and bars, the apartment also offers easy access to the city centre, Exeter St David's and Central railway stations, and major road links including the M5 and A30.
This exceptional apartment combines character, generous living space and an enviable waterside setting, making it an ideal home, second residence or investment opportunity.
COUNCIL TAX: Band D 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
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
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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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