Opinion from HMO investors/owners wanted


Isabel Santos

New Member
I am considering extending and licensing a property I already own to an HMO. My problem is that houses in the area have been decreasing in value for the past 2 years, which could potentially put off buyers. Rentals, however, have been increasing in value and in demand and the minimum expected yield for this particular rental property is 11%. I am unsure whether to extend and try to sell an HMO for a price almost £ 200,000 higher than the average house cost in the area, even if this would be a 6 bedroom house and most in the area are only 2-3 bedroom properties.

Thank you for any advice you may provide.