Achieve 13-18% Yields
Selective Buying
Our know-how will guide you through the process.
Cheap houses that look like potential HMO's are available in abundance, however without expert knowledge and advice you could end up paying the price!
Empty rooms cost you money!
Poor selection of tenants costs you money!
At The HMO People we work closely with our clients in very specific catchment areas to ensure you purchase the right sized properties at the right sized price. This ensures you have the budget to develop multiple
en-suite rooms with a modern contemporary vibe ensuring your target market of professional tenants is achieved.
Our recommended formulas:-
Convert 2/3 Bed House into 4 En-Suite Bed HMO
Purchase Price £100-130k Conversion Cost £40-60k
Annual Rental Yield £22-28k
Convert 3/4 Bed House into 5/6 En-Suite Bed HMO
Purchase Price £130-180k Conversion Cost £60-90k
Annual Rental Yield £29-42k
Tactical Layout & Finish
Benefit from the expert knowledge of our experienced team.
Layout both internally and externally are key to attracting and retaining the right tenants.
At The HMO People we have proven layouts ensuring tenants can relax in their rooms but also have a good work space. It is also important that whilst the communal spaces (internally and externally) can be compact - they are still inviting, comfortable and contemporary.
Many HMO's are seen as just a way to cram tenants in and maximise revenue, however this is a false economy.
Let our dedicated team at The HMO People re-design your property layout, furnish internally and externally and ensure prospective tenants see your house(s) as their new homes for the next two to three years.
