This three-bed family home was converted to a six-bed all en-suite HMO. We managed to acquire this property at a much lower price than the market price. A lot of value was then added through an extensive scheme of refurbishment. This enabled us to pull out all of our money invested at the time of refinance – hence giving us an infinite return on our investment.
The property continues to deliver a steady stream of income. Given the high standards of finishing and strong location, it has never been a challenge to find quality tenants. Our average six-bed all en-suite HMO in Croydon generates a gross income of around £55,000 p.a.