We are experts in designing and building Housing Multiple Occupation (HMO) properties. We have completed several projects where HMOs meet government standard. The HMOs have en-suites with stunning and desirable common areas.
Ensuring the HMO is built to a high standard makes it attractive to quality and professional tenants paying the market rental value.
The return on investment is approximately 3 years for a 5 bedroom HMO.
According to Gov.uk, a house in multiple occupation(HMO) is:
… a property rented out by at least three people who are not from one ‘household’ (e.g. a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘share’.
An HMO is defined as ‘large’ if:
- It is rented to five or more people who are from more than one household.
- It is at least three storeys high.
- Tenants share toilet, bathroom or kitchen facilities.