A three-bedroom terraced property in South Shields converted into a six-studio HMO, each studio with its own en-suite and kitchenette. The scheme included a garage conversion and used the existing loft. Presented with the project appraisal figures and completion photography.
A three-bedroom terraced property in South Shields converted into a six-studio HMO, each studio with its own en-suite and kitchenette. The scheme included a garage conversion and used the existing loft. Presented with the project appraisal figures and completion photography.
A three-bedroom terraced property in South Shields, identified for conversion into six self-contained studios with en-suite and kitchenette provision to each room. The existing garage and loft allowed the room count to be reached without extending the building footprint.
A structural conversion carried out under permitted development. The appointed project team's scope covered internal reconfiguration, the garage conversion, en-suite and kitchenette installation to every studio, and the fire-safety and compliance works required for HMO use.
Total capital expenditure of GBP 332,925 divides into GBP 137,850 of purchase price and fees and GBP 195,075 of refurbishment cost.
The appraisal projects GBP 50,400 of gross annual income across the six studios, 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 headline project figures, each labelled with how it was arrived at.
| Figure | Value | Basis |
|---|---|---|
| Purchase Price + Fees | £137,850 | Estimated |
| Refurbishment Cost | £195,075 | Estimated |
| Total Capital Expenditure | £332,925 | Calculated |
| Estimated GDV | £365,550 | Estimated |
| Projected Gross Annual Income | £50,400 | Projected |
| Operating Cost Assumption | 30% | Projected |
| Assumed Operating Costs | £15,120 | Calculated |
| Projected Net Annual Income | £35,280 | Calculated |
| Projected Net Yield on Estimated GDV | 9.65% | Calculated |
Source: Client project appraisal · Document: Project appraisal (South Shields HMO) · 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 South Shields, Tyne and Wear HMO investment.
Figures are based on information available at the time of preparation and may include estimates and projections. Actual costs, valuations, rental income and returns may vary.
Property investment carries risk. The value of property and any rental income can fall as well as rise, and you may get back less than you invest. Figures shown are illustrative or projected placeholders pending stakeholder and compliance approval, and do not constitute financial advice, a personal recommendation or a forecast. This tax and legal information is general and not personal advice.
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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