Exeter Portfolio
ST DAVIDS HMO, EXETER
Our full transformation of a tired 4-bed, 1-bath maisonette into a high-end, 5-bed, 2-bath licensed student HMO.
This project was a true add-value opportunity — from removing chimney breasts and rotten joists to installing a new heating system and achieving full HMO compliance. Even a long-standing honey-bee colony made the renovation memorable!
Despite the challenges, we delivered a stylish, functional home with:
Modern, contemporary interiors
Dedicated study areas in every bedroom
Maximised storage throughout
A bright, warm and practical design tailored for long-term rental demand
An example of how we turn underperforming properties into high-return, future-proof HMO investments.
The Numbers:
Purchase Price: £243,250
GDC: £416,031
GDV: £477,500
Equity Created = £119,375
Refinanced at 75% = £358,125
Money Left In Deal = £57,906
Annual NET Cashflow = £11,724
ROCE = 20%
ST DAVIDS FLAT, EXETER
Our former commercial shop — never intended for residential use — converted into a beautiful high-end 2-bed, 1-bath flat with its own private courtyard, now ready for student tenants from the 2025 academic year.
This was one of our most complex conversions to date. Early works revealed significant hidden structural issues, requiring extensive remedial work to secure the building’s long-term integrity.
The finished home features:
Handcrafted, built-in furniture for style and storage
Dedicated study areas in both bedrooms and the lounge
A warm, contemporary design throughout
A private courtyard providing a calm outdoor retreat
This project is a example of how we turn underutilised commercial spaces into high-demand, high-return residential assets — combining creativity, technical expertise, and a commitment to exceptional design.
The Numbers:
Purchase Price: £104,250
GDC: £186,912
GDV: £214,500
Equity Created = £52,625
Refinanced at 75% = £160,875
Money Left In Deal = £26,037
Annual NET Cashflow = £4193
ROCE =16%
