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Eutopia Homes Announces Practical Completion of The Hay – Exeter’s First Purpose-Built Build-to-Rent Scheme

Eutopia Homes is delighted to confirm that practical completion was achieved in March 2025 for The Hay, a new build-to-rent (BTR) residential development comprising 53 high-quality apartments on the edge of Exeter city centre.

The Hay represents a landmark project for the city, being one of Exeter’s first purpose-built BTR developments, and forms a key part of Eutopia’s strategy to deliver modern, professionally managed rental homes in vibrant urban locations. Located within walking distance of the city centre, the scheme offers a mix of one-, two-, and three-bedroom apartments, designed to meet the needs of a diverse range of renters seeking quality, convenience, and community.

In line with Eutopia’s commitment to inclusive housing, 10 of the apartments have been delivered on-site as affordable homes, provided at a 20% discounted market rent. These homes are aimed at supporting local key workers and ensuring access to high-quality accommodation in central Exeter. Notably, three of the affordable homes are step-free, fully accessible apartments, addressing a significant gap in the local market and helping to meet the needs of disabled residents—an offering that remains unique in the city.

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