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HMO
CONVERSIONS

Turnkey HMO Conversions in Bournemouth & Poole

Looking To Invest in HMO’s?

It is widely known in the property industry that HMO’s make a great investment, however many get put off due to all the legislation or dont have the time to find these types of projects. 

WHY HMO’s? 

  • Tax advantages: 5% VAT on conversions & Capital allowances

  • Demand: Since Covid & cost of living crisis the demand has gone through the roof for rooms. 

  • GDV: Completing the conversion enables the property to be commercially valued 

  • Planning: A lot of the work (If not all) can be done under PD rights.
     

See why we invest in Poole and how we can help

About Our Turnkey Service text 

We provide an end to end service which starts with finding a suitable property to convert to a HMO and leaves you with a high end all en-suite HMO which is fully managed. Our service includes:

  • Finding a suitable property 

  • Project preparation (Scope of work, schedule of work etc) 

  • Drawings (layout & M&E)

  • Help with finance applications and Valuation packs 

  • Planning applications & party wall agreements (where required) 

  • Completing the refurbishment in house 

  • Interior design 

  • HMO Set Up & Licence application 

  • Professional photography & 4d matterport 

  • Let & manage with professional tenants after

 

To find out more information please fill out the contact form or give us a call, we would be happy to show you round some of our current active projects. 

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PREVIOUS CLIENTS PROJECTS

253 Rossmore Rd.

This was a 3 bed property which we converted to a 6 bed all en-suite HMO. We extended out the back and side under a householder application with the rest of the property taken back to bricks.The property is now fully let to working professionals. 

THE NUMBERS

Purchasing Costs: £351,928.59

Total Project Costs: £546,337.79

Refurbishment Costs: £177,120.20

Commercial GDV: £680,000

Finance/ Holding Costs: £17,289.00 

Gross Rent PCM : £5,030.00

See the full project details here
Take a 4D Tour

7 Herbert Ave.

This was a simple conversion which just consisted of internal changes. We took the property back to brick and finished this to a high end all en-suite standard. 

THE NUMBERS

Purchasing Costs: : £349,958.59

Total Project Costs: £472,853.27

Refurbishment Costs: £108,314.10   

Commercial GDV: £650,000

Finance/ Holding Costs: £14,580.58  

Gross Rent PCM : £4,825.00