HMOs are becoming more and more popular, as an investment strategy. We recommend HMO Conversions to more experienced property investors because they generally involve a substantial refurbishment and can also be labour intensive without the proper management in place.
A HMO is a Home Of Multiple Occupancy. This means that you have a number of tenancies within one property, renting out each room individually & sharing communal areas; such as kitchens and possibly bathrooms.
HMO Conversions, generally require fire doors, locks on bedroom doors, minimum room & communal dimensions, adequate amount of facilities (ie bathrooms & Kitchens) depending on the number of occupants and on occasions restructuring floor plans.
However, all while providing more affordable living spaces in today's ever growing housing crisis, this investment strategy can certainly have huge upside returns on your yield!
For example: a 4 Single let could fetch you £2300 pcm, rented to a family VS a 4 bed HMO could fetch you £800 per room and grossing £3200
Knowing what you do now, does this sound like the property investment strategy for you?
This is where we can come into it! We specialise in sourcing Discounted HMO Conversion deals across South East London. So why spend your time, searching for OFF-Market deals, when we could take care of the leg work for you and allow you to spend more time/focus on investing.
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