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Topsham Road, Exeter
Location
St. Leonards, Exeter
Topsham Road is a standout example of our expertise in HMO conversions, transforming a traditional property into a high-performing, modern rental asset.
This 4 to 6-bedroom HMO in the desirable St. Leonards area of Exeter underwent significant structural and aesthetic improvements to create a contemporary, comfortable living space for tenants.
Key aspects of the project included:
• Structural works including chimney breast removal and the creation of an open-plan kitchen-diner, enhancing space and functionality.
• Full refurbishment throughout, incorporating a complete rewire, replumbing, and back-to-brick boarding and plastering.
• Luxury finishes throughout, providing a high-quality living environment designed to attract professional tenants.
Financials & Project Overview:
• Purchase Price: £290,000
• Refurbishment Cost: £140,000
• Gross Development Value (GDV): £600,000
• Projected Annual Income: £51,000
• Project Duration: 8 months
This conversion highlights our ability to combine structural expertise with design excellence, delivering a high-yield asset in one of Exeter’s most sought-after rental locations.
