Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am converting my first house into a HMO. It is a 3 bed, 2 reception, 2 bath house in London… soon to be a 5 bed HMO.
My plan is to add ensuites to the two front bedrooms. This means one tenant is likely to use the large(ish) downstairs bathroom and toilet (on same level) and the final two tenants would share the upstairs bathroom. However, I am now thinking to maximise cash flow, I should turn the upstairs bathroom into an ensuite rather than a shared bathroom. This would then force the last tenant downstairs to the loo in the middle of the night (traipsing through the kitchen).
I would be interested to hear from HMO landlords on risk of void periods/higher turnover on the bedroom upstairs because they need to use the downstairs loo? Am I taking away from Peter to pay Paul so to speak!
The target renters are young professionals… usual mod cons included, high speed broad band, communal TV, cleaner for communal areas, etc.
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