House of Multiple Occupancy
HMOs are a great way to generate substantial cash flow. At Stoneage Properties we have converted over 50 units to HMO standards from Planning through to Build.
We fully understand the Planning requirements, Building Regulations and number of other Legal requirements in order for landlords to successfully let the units.
Our works come with relevant Certificates upon completion for peace of mind.
Our unique offering is the best utilisation of space to create lettable rooms that will enable to maximise rental cash flow.
HMO Case Study
Property Purchase Price – £95,000
Build Costs – £21,000
Legals & Professional Fees – £5,000
Valuation – £165,000
Refinance after 3 months (Money Out) – £116,000
Money left in the deal – £5000
Monthly Gross Rent – £900