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Water Lane, River Meadows Water Lane, EX2
For saleReduced 6 Jul 2026
£200,000Guide price

Water Lane, River Meadows Water Lane, EX2 8BD

2bedrooms
1bathroom
Flattype
570sq ft
Leaseholdtenure

Listed 8 Feb 2026 · price reduced 6 Jul 2026 · Exeter

How the price compares

This home£200,000£351 per sq ft
Median 2 bed in EX2£230k90 homes listed · £339 per sq ft
Difference-13%below the area median

Key features

  • Modern 2 bedroom apartment
  • Canal side location
  • Modern kitchen and bathroom
  • Terrace with water views
  • Close to Exeters’ historic Quay side
  • Mains gas central heating
  • Garage
  • No chain

About this home

Set in a highly sought after waterside position on the edge of Exeter’s historic Ship Canal, No.52 River Meadow enjoys an elevated ground floor setting with far reaching views across the canal and nearby riverside landscape. Just a short stroll away lies Exeter’s vibrant Quayside, with its array of independent cafes, restaurants and waterside walks, while the city centre and Cathedral are also within easy reach, offering excellent shopping, transport links and cultural attractions. The location perfectly combines peaceful waterside living with the convenience of city life close at hand. The apartment itself is beautifully presented and has been thoughtfully upgraded by the current owners, benefitting from a modern fitted kitchen and upgraded bathroom, along with the added advantage of gas connected to the property, something many neighbouring apartments do not enjoy. The accommodation flows well, with a bright open plan living space designed to take full advantage of the outlook, creating a warm and welcoming feel throughout. There are two well proportioned double bedrooms. One of the standout features of this apartment is the superb private terrace, elevated above the canal and offering a wonderful space to sit out, relax and enjoy the picturesque waterside views. It is a real extension of the living accommodation and a feature that truly sets the property apart from many others in the development. The property also benefits from a shared double garage, providing half of the space for secure storage or parking, along with plentiful on street parking nearby. River Meadow presents a fantastic opportunity to enjoy some of Exeter’s most desirable apartment living, close to the quay and walking distance into town.

Agents’ Notes: Virtual Staging: Some images in this listing have been digitally enhanced or altered, for example by removing furniture, to help illustrate how the property could look. These images are only illustrative. Always rely on your viewing for an accurate understanding of the property. Boundaries, Access & Parking: Boundary positions, access rights and parking arrangements have been provided by the seller, and any land plans shown are for identification purposes only. We have not seen the title deeds or other legal documents, and buyers should confirm exact details and ownership responsibilities with their conveyancer. Broadband & Mobile Coverage: Broadband speeds and mobile signal vary by provider and location, and service availability can change over time. Buyers can check current availability and predicted speeds at or via the Ofcom coverage checker. Flood Risk: We’re informed by the seller that the property has not experienced flooding and is low risk on the .Gov website. Buyers should check the Environment Agency’s online flood-risk maps and confirm insurability with their conveyancer. Leasehold / Shared Ownership: We’re informed by the seller that the property is leasehold. Buyers should confirm the remaining term, ground rent, service charge and any review or management fees with their conveyancer. Buyers should also confirm any restrictions on alterations, subletting or use with their conveyancer. Shared / Communal Areas: We’re informed by the seller that the property has shared use of some shared areas.  Buyers should confirm maintenance responsibilities, rights of use and any associated costs with their conveyancer. Buyers' Compliance Fee Notice Please note that a compliance check fee of £25 (inc. VAT) per person is payable once your offer is accepted. This non-refundable fee covers essential ID verification and anti-money laundering checks, as required by law.

Please see the floorplan for room sizes. Current Council Tax: Band B – Exeter City Council Approx Age: TBC Construction Notes: Standard Utilities: Mains electric, water, gas, telephone & broadband Drainage: Mains Heating: Mains gas Listed: No Conservation Area: No Tenure: Leasehold 199 years from 2003. Annual service charge is £1440 (£120 per month) to cover maintenance, insurance etc. A detailed copy of what’s covered is available upon request.

EXETER is the cathedral city and capital city of Devon. The city is on the River Exe about 37 miles (60 km) northeast of Plymouth and 70 miles (110 km) southwest of Bristol.

Exeter was the most south-westerly Roman fortified settlement in Britain. Exeter Cathedral was founded in the mid-11th century. During the late 19th century, Exeter became an affluent centre for the wool trade. After the Second World War, much of the city centre was rebuilt and is now considered to be a centre for modern business and tourism in Devon and Cornwall. Famed for its world class University.

DIRECTIONS : For sat-nav use EX2 8BD and the What3Words address is ///almost.small.unwanted and parking is available on the street.

Property details

Property type
Flat
Size
570 sq ft / 53 sq m
Council tax band
B
Tenure
Leasehold
Lease remaining
176 years left
Service charge
£1,440 per year
Parking
Yes
Heating
Gas central
Water
Mains supply

Floorplan

All

Location

Skip map

1 on this map

  • Exeter St. Thomas Station0.7 mi
  • Exeter Central Station1.1 mi
  • St James Park Station1.4 mi

What nearby homes sold for

Median sold prices in EX2 over the last 12 months: terraced £285k · semi-detached £325k · detached £495k · flat £190k.

AddressTypeSoldPrice
Flat 8, Gabriels Wharf, Water Lane
Exeter EX2 8BG
Flat
Leasehold
30 Jun 2026£160,000
Flat 58, River Meadows, Water Lane
Exeter EX2 8BD
Flat
Leasehold
9 Feb 2026£230,000
41 Water Lane
Exeter EX2 8BY
Terraced
Freehold
28 Nov 2025£350,000
Flat 47, River Meadows, Water Lane
Exeter EX2 8BD
Flat
Leasehold
28 Nov 2025£197,000
Flat 37, River Meadows, Water Lane
Exeter EX2 8BD
Flat
Leasehold
19 Nov 2025£200,000
Flat 22, Gabriels Wharf, Water Lane
Exeter EX2 8BG
Flat
Leasehold
18 Jul 2025£143,000
Flat 5, Gabriels Wharf, Water Lane
Exeter EX2 8BG
Flat
Leasehold
11 Jul 2025£152,000
Flat 16, River Meadows, Water Lane
Exeter EX2 8BD
Flat
Leasehold
25 Jun 2025£215,000
Flat 20, River Meadows, Water Lane
Exeter EX2 8BD
Flat
Leasehold
23 May 2025£219,000
36 Water Lane
Exeter EX2 8BY
Terraced
Freehold
31 Mar 2025£303,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in EX2

Buying costs

Monthly repayment£1,000£20,000 deposit · £180,000 loan
Stamp Duty£1,500England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Helmores, Crediton on Rightmove (original listing). First listed 8 Feb 2026; details checked 7 Nov 2026. Latest change: reduced on 06/07/2026.

Agent disclaimer

Disclaimer - Property reference 86f5dc25-228a-4782-8310-cbc5f5356475. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Helmores, Crediton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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