Summary - RIVER MEADOWS FLAT 46 WATER LANE EXETER EX2 8BD
1 bed 1 bath Apartment
Private paved patio overlooking canal and open fields
Share of double-length garage (shared with one other leaseholder)
Semi open-plan living room with canal views
UPVC double glazing and modern kitchen appliances
93 years remaining on original 125-year lease
Annual service charge approx. £1,263.88; ground rent included
No level or wheelchair access to the apartment
Area has above-average crime — consider security and insurance
Set on the Exeter Canal banks, this roomy one-bedroom ground-floor apartment offers bright, semi open-plan living and a private paved patio with water and field views. The living/dining room opens directly onto the patio, creating an airy feeling and easy access to the outside. The kitchen is modern with white cabinets and integrated appliances. A built-in cupboard houses the electric boiler for heating and hot water.
Practical benefits include a share of a double-length garage (shared with one other leaseholder), visitor parking, UPVC double glazing and a share of the freehold (original 125-year lease from 1993). Service charge and ground rent are managed annually (service charge approx. £1,263.88 pa). Council tax band A keeps ongoing costs low for an owner-occupier or landlord.
Notable points to consider: the lease has 93 years remaining, which may affect mortgage and future extension costs. The apartment has no level or wheelchair access from street level. Heating is electric (boiler and radiators), so running costs should be reviewed. The property sits in an area with above-average crime statistics — sensible security checks and insurance are recommended.
This apartment suits a first-time buyer looking for a manageable, well-located home or an investor seeking a low-maintenance riverside unit with easy access to the Canal Basin, Quayside and Marsh Barton. The combination of private outside space, parking and proximity to transport and amenities gives clear rental and owner-occupier appeal, while the lease length and access limitations are practical factors to assess before offer.
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