How Our Client Turned a HMO Conversion into a £90,000 Profit!
In this Article, we unveil the impressive success story of one of our clients, who achieved an astonishing £90,000 profit through a single HMO (House in Multiple Occupation) conversion project. This not only showcases the immense potential of property investment but also serves as a guiding example for landlords, property investors, overseas investors, and business owners seeking to replicate such success.
Our case study commences with an investor who approached us with the vision of generating additional cash flow alongside his business to supplement his lifestyle requirements. We developed a strategic plan to transform a competitively priced property into a spacious 6-bed HMO, impeccably designed to meet the needs of professional tenants.
Sourcing acquisition
With a strategy in mind we started the acquisition process for a suitable property which turned out to be - a tired 3-bedroom terrace in Manchester brimming with untapped potential. This property boasted a spacious double cellar and loft, presenting an ideal opportunity for conversion into additional bedrooms, thereby maximizing square footage. Leveraging our expansive network of agents, we swiftly secured a pre-market offer of £110,000 , affording us ample time for comprehensive due diligence and site evaluation prior to public viewing.
The HMO Conversion: Maximizing Space, Revenue, and Valuation
The property's conversion into a HMO was a calculated move to accommodate a greater number of tenants, thereby increasing the rental revenue potential. This type of conversion has become a popular strategy for property investors due to its ability to significantly boost rental income. However, it is not without its challenges, including regulatory compliance and managing construction overheads.
Our proposal involved converting the property into a 6-bed all en-suite HMO under permitted development. Simultaneously, we applied for sui-generis planni
{{ moreStr }}
Expertise
- Property Investment
- Property Development
- Property Aquisitions
- Private Client
- HMO Specialist
- Property Sourcing
- Asset and Project Management
- Property Deal Packager
- Social Housing
- property sales
- Off market property deals
- High yielding property
- Overseas markets
- Manchester Estate Agents
- HMO
- Project Management
Summary
Highly successful residential property investor with 7 years of experience leading Forth Action Invest, a thriving property investment firm in Manchester.
Proven track record in a diverse range of residential property strategies, including HMO conversions, buy-to-let, social housing, and off-market acquisitions.
Skilled at guiding investors of all experience levels, from beginners to corporations, in achieving their financial goals. Successfully facilitated over £100 million in client acquisitions over the past five years, delivering an impressive average annual return of 10.69%.
Actively seeking to connect with investors seeking exclusive off-market property opportunities in the high-growth North West UK market.
Experience
-
Forth Action Invest Ltd
Director
1 - 5 Employees 2018 - Current