This was a 3 bedroom Victorian house that we converted to be a 5 bed boutique style HMO. This is located on the doorstep of the town’s bustling Centre with ample shopping and eatery options, walking distance to the tube, hospital and blue chip companies.

Purchase Price (incl all costs): £430k

Conversion: £60k

Total cost: £490k

End value post conversion (bricks & mortar): £575k

Monthly room rates: £600 – £850

Yearly rental income: £43.2k

Yearly cash flow: £22.4k

ROCE pre valuation: 14%

ROCE post valuation: 30%