A three-bed terrace converted into a six-room professional HMO across three levels, each bedroom with its own en-suite. Presented with the project appraisal figures and an interactive tour of the completed property.
A three-bed terrace converted into a six-room professional HMO across three levels, each bedroom with its own en-suite. Presented with the project appraisal figures and an interactive tour of the completed property.
A mid-terrace property converted into a six-room professional HMO across three levels, with an en-suite to every bedroom.
The appraisal projects a gross annual income of £49,800 across the six rooms, against an assumed operating cost of 30% covering management, utilities, maintenance and voids.
Photographs of the property as acquired, and of the completed conversion.
The property as acquired, before conversion works began.
The completed six-bedroom HMO.
The before and after photographs were taken from different viewpoints, so they are shown as separate sequences rather than as a direct comparison.
The 6 en-suite bedrooms and communal kitchen are arranged across 3 levels.
Walk through the completed property in an interactive 360-degree tour.
The tour is hosted by Giraffe360, an external provider. It loads only when you choose to open it, and sets its own cookies.
The headline project figures, each labelled with how it was arrived at.
| Figure | Value | Basis |
|---|---|---|
| Purchase Price + Fees | £175,275 | Actual |
| Refurbishment Cost | £121,575 | Actual |
| Total Capital Expenditure | £296,850 | Calculated |
| Estimated GDV | £310,000 | Estimated |
| Projected Gross Annual Income | £49,800 | Projected |
| Operating Cost Assumption | 30% | Projected |
| Assumed Operating Costs | £14,940 | Calculated |
| Projected Net Annual Income | £34,860 | Calculated |
| Projected Net Yield on Estimated GDV | 11.25% | Calculated |
Source: Client project appraisal · Document: Project appraisal (Darlington HMO, scenario 1) · Approval: Awaiting stakeholder sign-off
Figures are project-specific and may include estimated, projected or calculated values. Property values, income, operating costs and investment performance may vary. Past performance and projections are not guarantees of future returns.
Capital in, estimated value out, and how projected income becomes projected net income.
Figures are project-specific and may include estimated, projected or calculated values. Property values, income, operating costs and investment performance may vary. Past performance and projections are not guarantees of future returns.
Speak with Imran and Ian about Darlington HMO investment.
Figures are project-specific and may include estimated, projected or calculated values. Property values, income, operating costs and investment performance may vary. Past performance and projections are not guarantees of future returns.
Any figures labelled projected are projected only, based on stated assumptions, and are not guaranteed. They do not constitute financial advice, a personal recommendation or a forecast.
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