HMO

Are HMOs a good investment?

Houses of multiple occupation [HMOs] are a great investment as the rental returns far outweigh those offered through traditional buy-to let-investments. They also provide protection against rising interest rates as your rental income is far in excess of any mortgage payments which isn’t guaranteed on single lets. Demand is growing as young professionals look for ‘community living’ in cities or towns and multi-let properties will continue to increase as they are assets that have very few void periods with tenants who favour flexible housing.

Is there a demand for  HMO living?

The current property, expanded and launched as Hithermoor House will have a minimum of (6) quality en-suite rooms which will rent at £800 to £850pcm delivering a recurring revenue of £4,800 to £5,100pcm or £57,600 to £61,200 per annum.

The demand for HMO accommodation in the area is high with the areas largest employer Heathrow Airport staff constantly requiring housing. The demand for high quality accommodation is growing with professionals seeking peer group ‘community living’ and the demand for these kind of units continue to grow.

Some frequently asked questions

HIGHER YIELDS OF RETURNHMO rental yields can offer as much as up to three times more than a standard single let property. The rent you can charge each tenant can also vary by the location plus the condition and specification of the accommodation within the property - a great reason why HMOs are a great option for property investors.
QUALITY ACCOMMODATIONNowadays places have got to look like a hotel. Tenants want good quality, clean, well-dressed rooms. This is important in our properties and why we are leading the way and accelerating the trend for professional shared living.
LESS VOID PERIODSWhen renting out a single-let property to a family, or to one tenant, you have to consider the void periods where they move out, and before the next tenant moves in. With a HMO, it's likely that you will always have the majority of your tenants in the property continuing to bring you an income.
HIGH DEMANDNot every can afford, or wants to rent a one bedroom flat, and HMOs are typically cheaper and more sustainable. There is a growing demand for this kind of accommodation from professionals, key workers and students, especially in the cosmopolitan locations. Always consider the location, that there is a demand and consider what the competition are doing before investing.
TAX ADVANTAGESInvesting and spending money on a HMO is considered a revenue cost, which makes it tax-deductible. Speak to your accountant who can advise you on what is and what is not eligible to claim as an expense.
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