What is an HMO property?
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 often refers to properties such as shared houses, bedsits, or some flats. HMOs have specific legal requirements and regulations regarding safety, maintenance, and management due to the increased occupancy and potential impact on local communities, financial obligations and communal facilities such as a kitchen or bathroom.
Why invest in HMO Property?
Investing in HMOs (Houses in Multiple Occupation) in Liverpool can be attractive for several reasons. Firstly, Liverpool has a high demand for rental properties, especially among working professionals moving to the city, students due to its multiple universities and corporate tenants looking to place their workforce. HMOs can cater well to this demographic.
Additionally, property prices in Liverpool are relatively affordable compared to other UK cities, offering the potential for good returns on investment. Finally, Liverpool’s ongoing regeneration projects and vibrant cultural scene make it an appealing location for property investment.
Do I need planning permission?
Whether planning permission is required for a House in Multiple Occupation (HMO) depends on various factors, including local regulations and the specific circumstances of the property.
In some areas, converting a property into an HMO may require planning permission, especially if significant changes are made to the property’s layout or if local regulations mandate it. It’s essential to check with the local planning authority to determine the requirements for converting a property into an HMO in a specific area.
Liverpool City Council has very strict requirements regarding HMOs. Please see the helpful link for more information.
Furnishing Packs
To save landlords time, money, and help get their lets off to a great start, we supply a range of great value furniture, soft furnishings, and kitchen packs.
Utilising our bulk buying power, we can help you fully furnish your lets with affordable, high-quality, and legally compliant furnishings and kitchen equipment that will impress your tenants and increase your rental value.
Ask us for a quote TODAY!
Acquisitions
Take the leg and guesswork out of identifying and sourcing rental property with our acquisition services. When you’re looking to invest in single or HMO property we can provide you with unprecedented access to off-market opportunities via our network of landlord vendors.
All you need to do is provide us with your purchasing criteria and we will source a selection of appropriate properties to meet your needs.
Sales
When it comes to disposing of your investment property, with or without tenants in situ, we provide a complete sales and marketing service. Plus, with our database of registered investors looking for rental investment opportunities, we can make the process a swift and seamless transaction.
Tailormade Services to Fit Your Needs
Whether you want to be a hands-on landlord or you want to relax, knowing your HMO is in good hands and producing an income, we can help you create the perfect service to fit your needs.
If you’d like to find out more about HMO investment and the services we offer, contact us today.
