Past Project - Telford HMO
This HMO conversion project, located in Telford, was sourced and acquired on behalf of an investor for £110,000, a significant reduction from the original asking price of £150,000—resulting in a £40,000 savings through iProperty's expert negotiation strategy. The property underwent a comprehensive refurbishment, costing £30,000, which included a conversion from a three-bedroom home into a five-bedroom House in Multiple Occupation (HMO). The property generated an annual rental income of £30,000, equating to a net rental yield of 14.61%, after accounting for associated costs and expenses. After five years, the property was sold for £220,000, yielding an impressive capital gain yield of 100% over the holding period. This combination of strong net rental returns and substantial capital appreciation delivered an excellent overall return on investment.
