1-bedroom flat · EX2 8BD
For saleReduced £5k (−3.3%) on 19 SepListed 44 days
Opportunity summary
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About
An immaculate bright and spacious apartment situated on the bank of Exeter's canal only a short walk from the historic quayside.
Situation The apartment is situated alongside Exeter's canal and the River Exe.
Upstream is Exeter's renowned quayside is a most attractive area of the city with historic architecture and interesting pubs, restaurants, cafes and independent shops.
Water sports activities include rowing and boats for hire while pleasant walks and cycling follow the river and adjacent Exeter Ship Canal.
Throughout the year events are held around the quay, everything from riverside runs to live music.
The cathedral and university city of Exeter affords excellent facilities including a selection of theatre, cinema, museum, football and rugby clubs, leisure centres, private and state schooling, shopping and excellent dining.
Exeter has two mainline railway stations on the London Paddington and Waterloo lines.
Description This well-presented one-bedroom apartment is situated in an attractive development alongside Exeter’s canal and the River Exe.
Offering a convenient location just a short walk from Exeter’s historical and thriving quayside, the property provides an excellent opportunity for first-time buyers, investors or those seeking a city-base close to a range of pursuits.
This property benefits from allocated parking, and is ideally situated for enjoying riverside walks, recreational activities, and a vibrant selection of shops and restaurants that Exeter has to offer.
Accommodation Upon entering the apartment, you are welcomed into a practical entrance area leading to all principal rooms.
This property features a comfortable living area, with natural light, and stunning views of the surrounding riverside setting.
A well-appointed kitchen is fitted with a range of wall and base units, leaving ample space for kitchen appliances.
The bedroom provides comfortable space for a double bed, and other furniture, benefiting from a window providing natural light.
The accommodation is finished with a modern bathroom with contemporary fittings.
Outside The property enjoys an enviable position alongside Exeter’s canal and the River Exe, with attractive riverside surroundings immediately nearby.
The quay provides a pleasant setting for walking, cycling and enjoying the waterside environment, whilst being within walking distance from Exeter’s city centre.
A particular benefit of the property is the allocated parking space, providing valuable off-road parking in this popular central location.
Lease Information There is an annual management charge covering the general maintenance and upkeep of the building. The vendor has advised the charge is £1,133.44 per year.
The vendor has also advised the lease length is 125 year dating from 1993. Services Utilities: Mains electric, water, and drainage.
Heating: Electric heaters Tenure: Leasehold EPC: D(67) Council tax band: A Ultrafast broadband available. EE, O2, Three and Vodafone mobile networks likely to be available (Ofcom).
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
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FAQ
About 36 River Meadows, Water Lane, Exeter
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