Not all London boroughs are equal for HMO investment. Some have cheap entry prices but refuse most planning applications. Others have no Article 4 restrictions but property prices are so high the yields don’t work. The right borough balances three things: a purchase price that makes the maths work, a regulatory environment you can navigate,…
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What to Look for When Buying a Property for HMO Conversion
Buying the right property is arguably the most important decision in any HMO project. A house that looks like a great investment on paper can quickly become expensive if the layout is difficult to convert, planning restrictions prevent the intended use, or major structural work is required to achieve the desired number of bedrooms. Conversely,…