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.
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.
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
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
