Houses in Multiple Occupation (HMO) Case studies

Strode Road, Dollis Hill, NW10

Property Background:

A two bedroom first floor flat located near to Dollis Hill tube station in Willesden.

Current Market Rent:

If rented as a two bedroom flat the market rent is between £1300 - £1400 PCM Gross

HMO Room Rent Achieved for the property:

£2100 PCM

How we maximised on this property for our client:

Conducted a full internal refurbishment using Regal Property Services to carry out and manage the work, the refurb was carried out to Brent Council additional licencing standards creating three lettable rooms including one with en-suite facilities. After managing the building work we let the three rooms to professional tenants, ranging from a trainee architect, a service staff member working at a five star hotel in Central London and an office worker for £750 PCM for the en-suite room and the other rooms at £700 PCM and £650 PCM giving a gross total of £2100 per calendar month. How this benefits our client: The refurb in itself added to the property valuation. The achieved rent was taken from £1400 PCM to £2100 PCM (an increase of £700 PCM) other benefits include limiting void periods in the property when a tenant vacates, the creation of a highly demanded product at the moment, neutral internal design means the property can be let as rooms or a two bedroom flat allowing flexibility and in conclusion providing a professionally managed property room let model maximising on yield.


Beaconsfield Road, Willesden, NW10

Property Background:

A two bedroom first floor flat located near to Dollis Hill Station and Willesden bus garage

Current Market Rent:

If rented as a two bedroom first floor flat the market rent is £1400 - £1500 PCM Gross

HMO Room Rent Achieved for the property:

£2895 PCM

How we maximised on this property for our client:

Managed the process from start to finish for the client by obtaining planning permission to go into the loft and create a third en-suite bedroom giving the property four lettable rooms and subsequently renting these rooms out to working tenants for £825 PCM for the en-suite room, £775, £665 and £630 PCM giving a gross monthly rent of £2895. How this benefits our client: Planning permission and the resulting refurb and loft extension added to the square footage of the property which added an additional £60,000 - £70,000 onto the property valuation and the cost of this work was half this figure. The gross rent is taken from £1500 PCM to a whopping £2895 PCM (an increase in £1395 PCM gross) thus maximising on the rental yield and adding value to the property, limiting tenant void periods, having a product with a constant rental demand as room rents are the next highly sought after letting in the area after two bedroom flats. The property refurb was done to Brent Council Additional HMO standards and subsequently, our Property Management team fully manage the tenancies


Denzil Road, NW10

Property Background:

Three bedroom house near to Neasden tube station.

Current market rent:

If rented out as a three bedroom house the market rent would be about £1700 - £1800 PCM

HMO room rent achieved:

£4250 PCM

How we maximised the rental yield for this client:

The client purchased the property as part of a long term investment plan to substitute work income with rental income. Regal Estates help acquire the property through a third party agent, Regal Financial Options sourced the finance, the works carried out to planning and building regulations with addition of a single storey rear extension and loft conversion and then building works carried out by Regal Property Services and finally let and managed by Regal Estates as six en-suite room lets with a gross rent of £4250.00