5 rooms high-end Professional HMO

Our criteria for the purchase included:

  1. The ability to create a 5-letable room HMO.
  2. The ability to force appreciation of the property by adding an extension.
  3. The property was generally in a good condition.
  4. A new kitchen was installed a couple of years ago and was in an excellent condition.
  5. The property was well looked after by the retired couple.
  6. The vendors were motivated as they had found a retirement property by the sea side and did not want to lose out on that deal.
  7. One mile away from the town centre/station.
  8. A five minute bus-ride or 20 minutes’ walk to town.
  9. Walking distance from a business park.
  10. Free parking in the area.

The works required to make it a Professional HMO included: 

  1. Add a shower to the downstairs cloakroom by knocking through the wall to create space.
  2. Painting, decoration and carpets throughout the property.
  3. A new extension adjoining the kitchen to create a living room for the Professional sharers.
  4. Fire doors throughout the property, heat detector and smoke alarm.

The extension did not require Planning permission because it is within permitted development. Under the new planning framework one does not need to get Planning for extensions to homes and business premises, subject to specific limits and conditions. Single-storey rear extension must not extend beyond the rear wall of the original house* by more than three metres if an attached house or by four metres if a detached house.  For full details you can get the information

At http://www.planningportal.gov.uk/permission/commonprojects/extensions/

5 rooms high-end Professional HMO

The case study below is of a property that Manni Chopra has sourced for her Investor and converted it into a 5 rooms high-end Professional HMO.

The Property
A mid-terrace 4-bedroomhouse sourced from the open market. The house had been on the market for over 6 months for £205k. The property was generally in a good condition but needed cosmetic work and an extension to create a living room.

DateDecember 11, 2017
Created byadmin