Matterdale Road

Matterdale Road started life as another straightforward refurbishment project, bought with the same logic as our other value-add deals: a solid family home in need of the right work to unlock its potential. But partway through the renovation, we saw how well one of our other projects was performing as serviced accommodation, and the numbers told us to change course.

Once the works were complete, we revalued, refinanced, and kept the property rather than selling it, pulling capital back out while retaining the asset. Rather than short-stay holiday lets, Matterdale Road has found real strength in longer commercial contracts, including insurance companies needing accommodation for policyholders displaced from their homes, often for weeks or months at a time. It’s a steady, less seasonal income stream that sits well alongside our shorter-term holiday lets, and shows the strategic flexibility at the heart of how we invest.