Do you want to maximise profits while minimising stress and aggravation? This case study will explain the ins and outs of Planning Permission for HMO conversion and give you some great ideas for significantly increasing your rental income and securing your financial future.
Our client has recently acquired this large detached dwelling house in Ilford where the demand for HMO rooms is soaring. Additionally, when compared to standard buy to let rental properties, HMO rental yields are as much as three or four times higher. For him, owning an HMO is the sure fire way to significantly increase his rental yield. On the other hand, the downside is getting Planning Permission for HMO conversion is daunting on its own. And, to get it for an HMO with 8 occupants was a huge challenge.
As you probably already know that you need to design your HMO conversion in line with the HMO minimum requirements to get Planning Permission for HMO. While designing this HMO property, we have considered the shape and usable space of each room to make sure these are suitable for the use by 8 occupants. The other HMO standards we have taken into account included but not limited to HMO space standards, facilities for storage, preparation and cooking, sanitary conveniences, light and ventilation and means of escape from fire and other fire precautions.
We have refined the planning strategy for this HMO planning application to show that the HMO conversion will not have the potential to cause undue harm to the character and appearance of the area. Through numerous documentation such as Design & Access Statement, we have justified that the proposed HMO will not cause undue harm to the living conditions of occupiers of nearby residential properties in terms of noise and disturbance. By doing this, we have delivered a very successful HMO project in Ilford Redbridge which is referred as one of the most inspiring HMO investment examples in London.