Professional HMOs and Social HMOs with a Niche
There seem to be many new investors in Professional HMOs and simply follow the crowd. We would suggest investors in HMOs to find a specific niche or area or reason. All of our Professional HMOs or Social HMOs have this. Below are following examples
One 6 bed Social HMO extremely close to an Ikea store and tram right into City Center Manchester generating approx Net18,000 a year
We have two Social HMOs each 4 beds in an area in Liverpool which just became Article 4. These both generate close to NET12,000 per year and there will be price appreciation due to the limitations of new HMOs
We have 3 Social HMOs in Crewe in which the HS2 will be coming through. One of these we just completed was a 5 bed Social HMO that generates in excess of NET15,000 a year.
We also have a Professional HMO in Eccles Salford in an Article 4 area. This generates a gross of approx 22,000 a year and we will have price appreciation in the future.
Our point is simple….Just don’t make a Professional HMO….Find a specific niche and reason as there are more and more HMOs and if you do not have a niche you might not have tenants.
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