1-bedroom flat · EX2 8BG
Listing removedListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well-presented one-bedroom first-floor apartment, ideally situated within easy walking distance of Exeter’s historic Quayside.
The property offers bright and generously proportioned accommodation throughout, including a sizeable lounge, modern fitted kitchen, contemporary shower room, and a well-proportioned double bedroom.
The layout provides comfortable, low-maintenance living suited to first-time buyers, downsizers, or investors alike.
A particularly rare and valuable feature is the exceptionally large shared garage — double-length and double-width — providing secure parking for multiple vehicles or extensive storage space.
This is a significant advantage in such a sought-after central location and offers flexibility for parking, workshop use, or additional storage.
Gabriel’s Wharf is perfectly positioned to enjoy the lifestyle benefits of Exeter’s vibrant Quay, including scenic riverside walks, waterside cafés, restaurants, independent shops, and a wide range of leisure activities such as cycling, kayaking and paddleboarding.
Exeter city centre and transport links are also easily accessible. The property is offered to the market with vacant possession and no onward chain, allowing for a straightforward purchase.
£1,174.57 Service Charge & £50 Rent Per Annum Collected By Scott Estates Management Company. 964 Years Remaining On Lease.
Accommodation (Approximate Measurements) Lounge: 5.99m x 3.82m (19'8" x 12'6") Kitchen: 2.92m x 2.81m (9'7" x 9'3") Bedroom: 3.86m x 3.43m (12'8" x 11'3") Shower Room: 1.91m x 1.86m (6'3" x 6'1")
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Water Lane, Exeter, EX2 8BG
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