Summary - WHEATON HOUSE 2 RED LION LANE EXETER EX1 2FG
1 bed 1 bath Apartment
Ready-to-move, low-maintenance home with long lease and secure entry.
Spacious one-bedroom apartment—one of the block's largest units
Modern fitted kitchen with plentiful storage and integrated appliance space
Open-plan living/dining with double UPVC doors and good natural light
Chain-free sale with 107 years remaining on the lease
Leasehold: average service charge c. £1,800 pa and ground rent £100 pa
Located in a cosmopolitan, student-heavy area; potential for noise
Area classified as very deprived with very high local crime levels
Fast broadband and excellent mobile signal; no flooding risk
Step into a spacious, modern one-bedroom apartment in the heart of Exeter, ready for immediate occupation. The open-plan living and dining area floods with light through double UPVC doors, while a contemporary fitted kitchen offers generous storage and integrated appliance space. The property is one of the larger flats in the block and benefits from a secure intercom entrance and lift access to the ground-floor apartment.
This home is well-suited to a first-time buyer seeking low-maintenance city living or a buy-to-let investor seeking central rental appeal. The long lease (107 years remaining) and chain-free sale simplify purchase, while fast broadband and excellent mobile signal support home working. Practical details include a modern bathroom, plenty of kitchen worktop space, and built-in storage.
Buyers should be aware of material running costs and local context. The property is leasehold with an average annual service charge of around £1,800 and a ground rent of £100. The surrounding area is classified as very deprived with very high crime levels and a cosmopolitan, student-centred neighbourhood — this can mean vibrancy and rental demand but also potential noise and local issues.
Overall, this centrally located apartment offers convenience, a long lease and move-in readiness. It represents a straightforward entry onto the property ladder or a city-centre investment, provided prospective purchasers factor in service charges, leasehold status and local area characteristics.
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