Summary - 40 WATERSIDE EXETER EX2 8GX
2 bed 1 bath Flat
City-centre riverside living with parking and long lease — ideal starter home.
Top-floor apartment with two balconies and strong riverside/quayside views
Secure underground parking space included—practical city-centre benefit
Compact 531 sq ft layout; suited to first-time buyers or professionals
Very long lease remaining (circa 964 years) – low leasehold risk
Service charge around £2,605 per year (paid six-monthly)
Night storage heating—less efficient than modern central heating systems
Area has above-average crime; consider security and insurance costs
Estimated rental yield ~5.1–5.3% but factor service charges and demand
Bright top-floor living and unforgettable riverside views make this two-bedroom apartment a distinctive entry-level purchase in Exeter Quay. Light fills the living/dining room and both balconies offer direct views across the River Exe and the historic quayside — ideal for morning coffee or evening sunsets. The secure underground parking space is a practical bonus in the city centre.
The layout is compact (531 sq ft) and suits first-time buyers, young professionals or those seeking a lock-up-and-leave city base. Accommodation includes two double bedrooms, a kitchen, and a bathroom; the property benefits from a very long lease (circa 964 years) and low flood risk. Broadband and mobile coverage are strong, and the location places cafes, riverside walks, cycle routes and city centre amenities within easy reach.
Be aware of the material considerations: the building uses night storage heating (may be less efficient than modern systems) and the service charge runs at about £2,605 per year (paid six-monthly). Crime in the wider area is above average, so buyers should factor security and insurance considerations into their plans.
For investors, current estimated rents suggest a modest gross yield (circa 5.1–5.3% at advertised figures), but service charges and local demand dynamics should be modelled carefully. Internal viewing is recommended to judge room sizes and the top-floor aspects in person.
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