3-bedroom house · EX2 8BY
Listing removedReduced £20k (−7.1%) on 13 AugListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious end terrace family home occupying a highly convenient level position providing great access to local amenities, Exeter quayside and city centre. Three bedrooms. First floor bathroom.
Reception hall. Ground floor cloakroom. Kitchen/breakfast room. Well proportioned lounge/dining room. Enclosed rear garden with side door providing access to garage and driveway. Gas central heating.
Double glazing. No chain. Viewing highly recommended. Accommodation in detail comprises (All dimensions approximate) Covered entrance with courtesy light.
Front door, with inset obscure glass panel, leads to: Reception hall Radiator. Stairs rising to first floor. Smoke alarm. Dado rail. Door to: Cloakroom Comprising low level WC.
Wall hung wash hand basin. Half height tiled wall surround. Electric consumer unit. Feature Obscure uPVC double glazed porthole window to front aspect.
From reception hall, door to: Kitchen/breakfast room 9’8” (2.95m) x 7’10” (2.39m). Fitted with a range of matching base, drawer and eye level cupboards.
Wood effect roll edge work surfaces with tiled splashbacks. Single drainer sink unit with mixer tap. Fitted oven. Four ring electric hob with filter/extractor hood over.
Plumbing and space for washing machine. Space for fridge. Space for small table and chairs. Radiator. Wall mounted boiler serving central heating and hot water supply.
Sealed unit double glazed window to front aspect. From reception hall, door to: Lounge/dining room 15’2” (4.62m) x 15’0” (4.57m) maximum. A well proportioned light and spacious room. Two radiators.
Dado rail. Deep understair storage cupboard. Television aerial point. Sealed unit double glazed window to rear aspect with outlook over rear garden.
Double glazed sliding patio door providing access and outlook to rear garden. First floor landing Access to roof space. Smoke alarm. Dado rail. Sealed unit double glazed window to side aspect.
Door to: Bedroom 1 13’0” (3.96m) maximum into wardrobe space x 8’4” (2.54m). Radiator. Built in double wardrobe with mirror fronted doors. Radiator. Television aerial point.
Sealed unit double glazed window to front aspect. From first floor landing, door to: Bedroom 2 12’0” (3.66m) into wardrobe space x 8’4” (2.54m). Radiator. Television aerial point.
Two built in wardrobes. Sealed unit double glazed window to rear aspect with outlook over rear garden.
From first floor landing, door to: Bedroom 3 8’6” (2.59m) excluding wardrobe space x 6’2” (1.88m). Radiator. Built in wardrobe.
Sealed unit double glazed window to rear aspect with outlook over rear garden.
From first floor landing, door to: Bathroom A matching white suite comprising panelled bath with mixer tap and fitted electric shower unit over. Low level WC. Wash hand basin with mixer tap.
Shaver point. Tiled wall surround. Radiator. Extractor fan. Deep storage cupboard with fitted shelving. Obscure sealed unit double glazed window to front aspect.
Outside To the front of the property is a small area of garden laid to paving and decorative stone chippings for ease of maintenance.
To the left side elevation is a pathway with gate leading to the rear garden which enjoys a high degree of privacy whilst consisting of an attractive brick paved patio which extends to the side elevation with timber shed.
Two areas of lawn. Shrub bed. Outside light and water tap.
The rear garden is enclosed to all sides whilst a brick paved dividing pathway leads to a side courtesy door providing access to: Garage 17’0” (5.18m) x 8’6” (2.59m). With power and light.
Up and over door providing vehicle access. Additional brick paved private driveway providing further parking.
Tenure Freehold Material information Construction Type: Brick Mains: - Water, drainage, electric, gas Heating: Gas central heating Mobile: Indoors – Current data from Ofcom website: Mobile: Outdoors – Current data from Ofcom website: Broadband: Current data from Ofcom website: Flood Risk: Current data can be found on the website: Mining: No risk from mining Council Tax: Band C (Exeter) directions Proceeding out of Exeter over Exe Bridge take the 1st exit into Alphington Street.
At the traffic light junction turn left again into Haven Road continue around bearing right into Water Lane, the property in question will be found on the left hand side.
Viewing Strictly by appointment with the Vendors Agents.
Agents note The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties.
We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more checks into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars.
For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor’s report before exchanging contracts.
If you do not have your own surveyor, we would be pleased to recommend one.
We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to check all legal matters relating to the property (e.g.
Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g.
Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007.
Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction.
EPC rating: C (71)
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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About 30, Water Lane, Exeter
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