Progress Report on 4 Bed Social HMO Peashill

Progress Report on 4 Bed Social HMO Peashill

This property in Rotherham will be a 4 bed Social HMO on a 3 year guaranted rent with a charity. The rents achieved will be £800 a month net. There are no expenses other than insurance. This property was brought back to the brick as you can see in the video. We have substantial works left. The first fix is in place and some stud walls have gone up downstairs.

The most important aspects of property development and HMOs are both the refurbishment and then the management. The fact we rent to charities or major PLCs for social housing we take out of the equation the management which takes time and money.