Adding value to our Professional HMOs by adding extensions

As I have mentioned previously, we have been adding value to our Professional HMOs by adding extensions. We are in the process of doing two extensions our on Greater Manchester Professional HMOs. Each of the rooms are ensuites. Ensuites rent from approx 650 to 700 a month and in our Warrington project we are expecting 750 a month per room. The ensuite increases the NOI as well as the value of the properties. Once registered at the Land registry and tenanted we will be selling these properties. We have three in legals and two almost finished. We lost a great deal of time in March due to the new SDLT where all the solicitors got backed up. Watch our progress