The property comprises a mid terrace building arranged over ground, first and second floors. Internally, the property is arranged to provide a shop unit on the ground floor together with a self-contained maisonette on the first and second floors. Our clients purchased the property at the auction which was both exciting and financially beneficial. This also allowed them to avoid the lengthy purchasing procedures that are normally unavoidable.
They wanted to redevelop the building into an HMO with the the addition of a mansard roof extension. Their aim was to achieve 5 bedrooms, 3 bathrooms and a shared living, dining and kitchen. While this development does not require planning permission, our clients needs to seek HMO license as it was set over 3 floors and therefore compliance with the HMO standards is of utmost important.
We listened our clients short, medium and long-term financial goals and guided them through with some great HMO ideas until their HMO is fully tenanted. By doing this, we helped them maximise profits and reputation while minimising stress and aggravation. We have produced HMO drawings for HMO licensing, HMO tender and HMO construction, including full set of licensing, tender and construction drawings in accordance with HMO requirements which consist of demolition plans, floor plans, zone information pan, elevations, sections, photorealistic 3D visuals, highly detailed mechanical and electrical plans and full HMO Specifications detailing materials, all finishes, fixtures & fittings, workmanship to the required standards for HMO conversion.
By taking the advantage of converting this property into an HMO and renting out bedrooms to different tenants instead of the whole property to one household, our client increased their yields and income dramatically. By meeting with the HMO requirements, liaising with the local council, cooperating with the structural engineers and builders, our client completed this project without hassle and delay, and achieved an impressive ROI.