I’m often asked what I would buy if I was starting again today ….. HMO’s would definitely be on my shopping list
The reason for this is that I can only see that demand for this type of accommodation will grow. Rental yields are already well into double figures for this type of investment.
This morning I received the details of a very smart looking HMO which is producing a gross rental yield of 17.7% based on a sale price of £160,000. An extract of the property description was:-
“A fully refurbished, immaculately presented, fully tenanted HMO in Doncaster, DN4. This fantastic freehold HMO property comprises 5 self contained studios all with en-suites and kitchenettes, large shared kitchen and separate bathroom.”
The sales particulars were nicely laid out and very detailed. For a relative newcomber this particular offer looked very promising as the property is already tenanted with working people and a property manager is already in place too.
The website I was looking at also had a variety of other HMO’s for sale as well as an alerts feature which is very easy to subscribe to so that you can be informed whenever an HMO is listed for sale.
If you are in the market to grow your portfolio I suggest you take a look at the website by completing the short form below.
About Mark Alexander
Mark and his family have been investing in property since 1989, initially in the Norwich area but more recently across the length and breadth of England. Mark created Property118.com as a social network for landlords with a vision of becoming the UK's best respected online property community. Mark is also a freelance internet marketing consultant to law firms Email - email@example.com