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HMO Investment Case Study: Cranmer Street

A complete HMO refurbishment - from design, to furnishing including a rear extension.

The Project Scope:

2 bedroom house, converted into a 6 bedroom HMO all en-suited and 5 rooms with small kitchenettes. Including a small, single storey extension and large L shaped loft conversion. House fully renovated, with re-wire, new central heating system and decor throughout. 

Acquisition Cost:

£161,000

Build Cost:

£185,000

GDV:

£480,000

Annual Rental Income:

£49,000

ROI:

14.20%

Project Example: HMO Conversion & Refurbishment

Cranmer Street, Long Eaton

This conversion of a 3-bed semi in Long Eaton into a 6-bedroom HMO included the following:

  • Architect drawings & HMO design
  • Strip out - back to brick
  • Rear extension
  • Interior design
  • Furnishing
  • HMO License
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The Challenge

The challenge was to convert a 3-bed semi into a 6 bedroom HMO. The property required refurbishment throughout, and there was a 6-month timescale to turn the project around.

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The Build

Our team completed the works inside a 4 month turnaround. The design of the refurbishment kept within permitted development so there were no planning permission delays.

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The Results

The property achieved the target revaluation, allowing the client to successfully refinance. The property was fully let within weeks of completion, and has remained at full occupancy since.

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The Completed Project: Gallery

Why Work With My Build Pro?

Had bad experiences in the past? Projects not meeting deadlines? With My Build Pro you'll get a professionally managed project to ensure a smooth journey for you.

1
Fully Project Managed
No need for you to deal with multiple tradespeople - all of our projects are professionally managed from start to finish.
2
Clear Communication
We assign you one point of contact with clear and honest communication throughout.
3
Fully Compliant
We work with building control and the council to ensure your project is fully compliant. 

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