2-bedroom flat · EX2 8GU
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION Perfectly located to enjoy everything Exeter Quay has to offer, this well-presented first-floor apartment is ideally placed for access to the city centre, with a fantastic selection of restaurants, bars, cafés and leisure activities close by.
The property would make an excellent first home or investment opportunity.
The apartment forms part of an extremely well-kept communal building, with well-maintained communal gardens and courtyard providing an attractive outlook.
On entering the property, you are welcomed by a generously sized entrance hallway, providing access to all principal rooms and featuring two useful storage cupboards, ideal for coats, shoes and household essentials.
The heart of the home is the spacious open-plan living/dining room, which provides an excellent setting for both relaxing and entertaining.
The kitchen is neatly positioned to one side, creating a practical and sociable layout while retaining a good sense of space.
Windows surrounding the living and dining area flood the room with natural light and provide pleasant views over the beautifully maintained communal courtyard and gardens.
There are two well-proportioned double bedrooms, offering excellent flexibility for a couple, first-time buyer, sharers or those looking to create a home office or guest bedroom.
The modern bathroom comprises a WC, wash hand basin and bath with shower over, providing a practical and contemporary space.
Externally, the property benefits from allocated off-road parking, while the communal gardens and courtyard are particularly well maintained.
The apartment is superbly positioned on Exeter Quay, placing a wide range of amenities and leisure facilities within easy reach.
Exeter city centre is readily accessible, while the nearby quay offers an excellent selection of restaurants, bars and activity centres.
The property also provides convenient access to the M5 and A30, making it well suited to commuters and those travelling further afield.
Offered to the market with no onward chain and a share of the freehold, this attractive riverside apartment is a property that deserves an early viewing.
MATERIAL INFO # Verified Material Information ## Costs and tenure Tenure: Share of Freehold Lease length: 88 years remaining (125 years from 1989) Service charge: £2,800/year Lease restrictions: no pets Council tax band: C EPC rating: C ## The building Other flat, standard construction Accessibility adaptations: None ## Services Mains electricity Mains water Mains foul drainage No mains surface water drainage Heating: None Heating features: Double glazing Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 good, Vodafone good, Three great, EE good Parking: Allocated and Communal In a controlled parking zone No disabled parking available ## Risks and restrictions Not a listed building In In the Riverside conservation area (per planning.data.gov.uk; confirm via the local authority search).
No tree preservation order Title register restrictions (DN384105): - The owner is not allowed to transfer or sell the property without obtaining written consent from Exeter City Council.
- There are rules in the lease that stop the owner from carrying out certain legal actions or sales if they would break the terms of the lease agreement.
Long-term flood risk: yes - River and sea flooding risk: Low; Surface water flooding risk: Very Low; Reservoir flooding risk: At risk; Groundwater flooding risk: Unlikely All information is provided without warranty.
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
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.
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