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HMO Conversion

HMO conversion fetching 12.9% ROI

We helped our client with the conversion of ‘Linden’ – a 4 bed 1 bath semi-detached house to  6 bed 2 bath with kitchen/diner upgrade.

Purchase price: £250k

Deposit to purchase: £62,500

Purchasing costs: £7354

Conversion: £34k

Furnishing: £3500

Total cash invested: £37,500

Monthly rent: £2945

ROI (net rent/cash in): 12.9%

Who
Husband and wife wanted their first HMO. Husband is an IT Professional and the wife runs a boutique. They had a small buy-to-let portfolio but now wanted something with more cash flow.

Where
Location – Reading. Close to transport links, industrial parks, town centre.

What
Linden – A 4 bed 1 bath semi-detached house > 6 bed 2 bath with kitchen/diner upgrade

Floorplan – before

Floorplan – after

Conversion highlights

  • Moved wall between study and Living room
  • Replaced kitchen with smaller kitchen to give more living space
  • Made a new shower room
  • Moved walls to ensure both rooms (1 & 4) are doubles
  • Made a new shower room
  • Moved wall to ensure both rooms 2 & 4 were ‘doubles’

Key learnings

Layout

You can work quickly with plasterboard to make all rooms double and add bathrooms

Living/Communal area

A sofa, dining table & TV help create a healthy communal environment

Create space

Ceiling high custom-built cupboards

Big Fridges

Shelves

Bedsteds, not divans

Spend a little extra on ‘The Finish’

Value adds

  • En-suite adds £75-£100/month per room.
  • Garage = £75/month rent.
  • Invest in the garden
  • Send cleaner once/month.
  • Fair/Firm management of tenants.
WHY NESTINO PROPERTY INVESTMENT?

Built from the ground up for the new age property investor.

Nestino is a one stop shop that provides everything you need to shape up your property investment portfolio. With us, you can embark on a  smarter and more rewarding property investment journey.

How can we help ?

We Find

You do not have to leave your room. We find high-yield property, and we give it to you

We Refurbish

Doing-up a property increases it’s value. Not to worry, we take care all of that for you

We Manage

We will handle all work for you until it is ready to rent out, keeping you stress-free.

Finance

We help arranging mortgage for your buy-to-let property. All you need to do is apply.

Conveyancing

Transfer of property is easy if we’re there with you. We take most of the stress and you get the satisfaction

Lettings

We help you finding tenants, so that you start earning money quickly.

Interested to know more?

Drop us a line

Fill in the form or send us a WhatsApp message on +44 7714 303914 with your inquiry.