Summary - WHEATON HOUSE 3 RED LION LANE EXETER EX1 2FG
1 bed 1 bath Apartment
Wheelchair-friendly one-bed ground-floor apartment in central Exeter with communal gardens ideal for downsizers or investors.
Wheelchair-friendly ground-floor one-bedroom apartment
A well-presented one-bedroom ground-floor apartment set in the heart of Exeter city centre, offering practical, low-maintenance living for a single occupant or couple. The apartment benefits from a wheelchair-friendly layout, a bright open-plan living/kitchen/dining area and a Juliet balcony that overlooks maintained communal gardens. The large double bedroom and modern bathroom complete a compact, efficient home well suited to downsizers, city professionals or buy-to-let investors.
Practical details support the purchase: a long lease (111 years remaining), modest annual ground rent (£200) and an annual service charge of about £1,100. The apartment is electrically heated with room heaters and has double glazing; these features make the property straightforward to maintain but mean heating costs may be higher than gas-heated alternatives. Internal space is average for a one-bedroom (around 45 sq.m / c. 489–506 sq.ft.).
Buyers should note the wider neighbourhood context. The property is in a cosmopolitan, student-heavy area with very high recorded crime and high local deprivation indices — factors that affect longer-term rental demand, resale and perceived safety. Transport, shops and amenities are excellent, but outside-space is communal rather than private.
Overall this is a convenient city-centre apartment offering immediate usability and accessible design. It suits a buyer prioritising location and low-maintenance living, or an investor seeking a central, compact flat — provided they accept the local area issues and the electric heating arrangement.
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