A tired three-bedroom house bought for £200,000 and converted into a professionally managed six-bedroom, six-bathroom HMO — engineered for high gross yield, diversified income and a value-add uplift to a £450,000 end valuation.
Essex Road was converted from a tired three-bedroom house into a six-bedroom, six-bathroom professional HMO — multiplying the income a standard let could ever achieve.
Portsmouth, Hampshire — a high-demand rental city with a deep pool of professional and key-worker tenants seeking quality room-only accommodation.
Buy-refurbish-convert into a fully compliant, professional-standard HMO with en-suite rooms and shared premium living space.
Acquired as a dated three-bedroom property requiring full reconfiguration, new bathrooms and a complete refurbishment.
Structural reconfiguration to six en-suite bedrooms, new kitchen and communal areas, full rewire/replumb, fire-safety and HMO-compliance works.
Achieve a high gross yield through multi-let income while maintaining low voids and strong tenant retention.
Portsmouth's professional and key-worker demand, combined with constrained quality room supply, supports premium room rates and high occupancy.
From a standard three-bed house to a six-room professional HMO generating multiples of the original rent.
A dated three-bedroom house with a single shared bathroom, tired décor and damp — income capped as a traditional family let.
Six contemporary en-suite rooms with a designer communal kitchen and lounge, fully HMO-compliant and fire-safety certified.
A transparent breakdown of the project economics — from acquisition through to stabilised investor returns.
Rental income shown is gross (£4,200 per calendar month). Capital growth is the difference between the £450,000 end valuation and the £385,000 all-in cost. Year-1 total return combines gross rental income and equity created against total project cost. Figures are illustrative of representative project performance and do not constitute financial advice.
How capital, equity and cash flow build over the hold period.
A value-add HMO conversion — from acquisition through to a stabilised, high-yield, fully compliant asset.
A dated three-bedroom Portsmouth freehold acquired below ready-built HMO value, chosen for its size, layout and conversion potential in a high-demand rental city.
Structural reconfiguration to six en-suite rooms, new kitchen and communal areas, full rewire and replumb, HMO compliance and a complete fire-safety upgrade (doors, alarms, emergency lighting).
£4,200 per month across six rooms — a 13.1% gross yield on the £385,000 all-in cost, alongside a revaluation to £450,000 creating c.£65,000 of equity.
Combining rental income and equity created, the project delivered a c.30% year-one total return on cost — fully let, professionally managed and licensed.
Converting a single family let into six tenancies multiplied income ~3.8x and spread void risk. Front-loading compliance and fire safety protected the asset and kept occupancy strong.
Six income streams produce £50,400 gross rent a year — a 13.1% gross yield on cost, far above a single-family let.
The 3-to-6 room conversion created c.£65k of equity (£450k GDV vs £385k cost) and a ~3.8x income uplift.
Portsmouth's professional and key-worker demand keeps quality HMO rooms in short supply.
Fully managed and compliant — licensing, safety, tenants and maintenance handled for you.
Multi-let income diversifies void risk and supports resilient long-term returns.
Asset-backed by a refurbished, revalued freehold property in a strong rental city.
Before, renovation and completed HMO photography.
Essex Road is one of 100+ projects we’ve sourced, transformed and managed across the South Coast.
“The yield on the HMO is exactly what attracted me, and the management has been flawless. I see clear numbers every month.”
“They handled the entire conversion and compliance side. I genuinely did nothing but receive updates and returns.”
“Communication and professionalism are excellent. The room demand in Portsmouth is real and occupancy has stayed high.”
HMO opportunities like Essex Road typically start from around £50,000, with JV and full-funding routes for larger allocations. We'll align an opportunity to your budget.
Essex Road illustrates a 13.1% gross yield on a £385,000 all-in cost from £50,400 annual rent, plus c.£65,000 of equity created — a c.30% year-one total return including the value uplift. All projections are conservative and shared in full beforehand; past performance does not guarantee future returns.
HMO income is diversified across six tenancies, the asset is fully licensed and insured, and the property is professionally managed with aligned ownership.
Refinance to release equity and hold, sell at the revalued figure, or sell as an income-producing HMO investment. Your preferred route is agreed up front.
Monthly statements detail room occupancy, rent collected and costs, with direct access to the management team.
Through solicitor-drafted JV, loan or funding agreements tailored to your goals, with clear terms and security.
Tell us a little about your goals and we’ll send the full breakdown — figures, structure, timeline and projected returns — and arrange a no-obligation call.
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