Multi-Let Properties and Houses of Multiple Occupancy
With our extensive knowledge and experience in the lettings market, we have developed our speciality in a number of niche areas which offer investors the potential to dramatically increase their returns from property.
There are a number of strategies you can employ to differentiate your property and maximise returns. We operate a number of professional HMO’s which are a completely different market to the specialist Housing Benefit multi-let studios we have set-up (which are currently achieving our client in excess of 30% Net Return on Investment!).
Understanding the market and how to apply these strategies is critical to success. You must also bear in mind that although the returns are potentially much larger for these properties, knowledge and experience is key with the amount of legislation applying to these type of properties.
Article 4 Direction
Bournemouth is largely covered by the Article 4 directive. Where setting up a House of Multiple Occupation in most parts of the country is straight forward permitted development, the Article 4 Direction prohibits this, and instead you must make a planning application for change of use. In order to have permission granted, there are a number considerations the council will make – so it is critical you understand these requirements before purchasing.
Legislation
From Fire safety to amenity standards, there are a vast number of requirements you must meet in order to operate a HMO. With our knowledge and experience in this market, we are able to guide your through the legislation to set-up and operate a profitable HMO.
Management
With HMO’s and Multi-Let properties, there is also an increased on-going workload to be managed. Operating these properties needs a huge amount of knowledge, experience, and time. With our expert team and our processes in place, we can truly add value to your property giving you back your time as well as the increased profit.
If you would like to discuss any of the above, or would like to see some case studies of the work we have done with clients – please do get in touch with us. You can call us or send us an email to [email protected]
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Market Appraisal
If you’re a landlord, looking to let or you’re just interested in how much your property might be worth, the best way to get an accurate and detailed understanding is through a free one-to-one appraisal with one of our experienced local agents. Request an appraisal with us using the form below.