Jump to content

Newbie looking to purchase HMO as first investment property

Recommended Posts

Hello guys! Would really appreciate some advice here. I’ve found a beautiful three-bed we’d like to convert to a four-bed, install ensuites in each one and charge £500/m (including bills). I’m hoping to buy for £240k-£250k (around £80k bmv after refurbishment) but it will cost around £50k to refurb. I have around £150k to invest. Do you think a property of this ilk is a good place to start? The area is fantastic and there will be some serious growth. But still, is my money better invested in smaller single dwelling flats in the same area? After all at least £110k of my initial pot will be gone on one property, plus I need somewhere to live myself!! We are looking to rent though. Hope this makes sense!!


Thank you Hubbers 



Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...