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Landscore Road, St. Thomas, Exeter
Location
St. Thomas, Exeter
Date
January 2024 - July 2024
This project involved the conversion of a two-bedroom terraced house into a five-bedroom HMO in St. Thomas.
The works included a full refurbishment throughout, encompassing rewiring, replumbing, and high-quality finishes. Structural alterations were carried out to create an open plan kitchen-diner and remove chimney breasts, maximising usable space and improving functionality for tenants.
The project transformed the property into a modern, high-spec rental HMO designed for strong rental returns.
Financials & Project Overview:
• Purchase Price: £195,000
• Refurbishment Cost: £100,000
• Gross Development Value (GDV): £400,000
• Annual Income: £40,000
• Project Duration: 7 months
