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HMO and Article 4!!!!!


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Hello everyone, this is my first new topic discussion but one I am very frustrated about!

Like most new investors I am looking to buy somewhere with a strong yield and have chosen to buy a HMO for the better monthly rent that a single let.

I am having a very hard time trying to find a decent area either near a university for students or near a city centre for professionals that doesn't have an Article 4 direction against it.

Does anyone have any areas in particular that they know do not have this restriction and has good tenant demand or has anyone bought in a area within a Article 4 direction and had planning permission granted to them?

I have been looking at Brighton, Nottingham, Leeds but seem to have missed the boat!

Any advice would be much appreciated.

Thanks

Dean

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  • 5 years later...

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