2, Water Lake Avenue
2, Water Lake Avenue
Description & Estimates
2, Water Lake Avenue, Exeter is recorded publicly as a modern freehold house across 947 ft2 of internal area, sitting on a 225 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Water Lake Avenue, Exeter is £310,450 and its rental estimate is £1,214 per month, given the available information and assuming reasonable condition.
Water Lake Avenue, Cranbrook, Exeter, EX5 falls within the EX5 postal district, in the borough of East Devon.
Our Data Sources
2, Water Lake Avenue, Exeter has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Water Lake Avenue, Exeter, we estimate a market value of £325,972 and a rental value of £1,275 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £288,718 and £1,129 per month respectively.
Recent Market Change
Over the last year, 2, Water Lake Avenue, Exeter has seen its estimated sale value increase by £2,844 (0.9%) and its estimated rental value grow by £49 per month (4.1%). This results in an estimated gross rental yield of 4.7%.
Plot Size
HM Land Registry records the plot of land for 2, Water Lake Avenue, Exeter as measuring 225 m2.
That makes it the 8th largest plot in the postcode, where all 11 other houses have recorded plot data.
Energy Efficiency
2, Water Lake Avenue, Exeter has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Jun 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
The most recent sale of 2, Water Lake Avenue, Exeter completed on 30th June 2021 at £295,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 16.5% over the period since June 2021.
- Sold Jun 2021£295,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Water Lake Avenue, Exeter have sold within a radius of 990 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th October 2025, was 87, Rush Meadow Road, Exeter, EX5 7HA, a freehold house which sold for £335,000.
Read more about house prices in EX5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 11 addresses on Water Lake Avenue, Cranbrook, Exeter, EX5, 2, Water Lake Avenue, Exeter comes out as the 10th largest and the 10th most expensive in our analysis of the public data.
It is also £61k less expensive than the average property across the EX5 district.
More reading links
Schools Nearby
- 1.1kmRockbeare Church of England Primary School and Pre-School
- 1.9kmSt Martin's CofE Primary & Nursery School
- 2.8kmWhimple Primary School
- 3.5kmClyst Vale Community College
- 6.8kmSt Luke's Church of England School
- 6.9kmThe King's School
More reading links
Public Transport Nearby
From 2, Water Lake Avenue, Exeter, the nearest station is Cranbrook (Devon), 2.3 kilometres away.
- 2.3kmCranbrook (Devon)
- 2.9kmWhimple
- 6.1kmPinhoe
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
