Existing 2-bed semi-detached property to a 6 bedroom HMO - Staffordshire

Purchased for £134,000, we successfully negotiated a £6,000 reduction for the client, with conversion costs totalling £92,000. When valued at completion, the property was worth £280,000.

This HMO property now rents for between £100-120 per week per room (£34,840 per annum), resulting in an annual yield of 14.5%.