5 Bed HMO Conversion, North Belfast

4 to 5 Bed HMO Conversion Project in North Belfast.

Acquired for a portfolio building client, this was a 4 bed property, which we project managed the full renovations on, converting into a 5 bed HMO (a house of multiple occupancy) It generates a minimum ROCE  (Return on Capital Employed) of 20.50%

HMO are more complex than standard buy to let properties. They have strict regulations in both planning and licensing requirements, which must be adhered to.

Works included on this property are outlined below;

Extra bedroom added

2x Ensuites added

New modern kitchen fitted, including all new appliances

Repainted throughout

All electrics and lighting upgraded

New flooring fitted throughout

New fire doors fitted throughout

Heating system converted to gas

Improved roof insulation

If you would like more information on how we can source you an HMO property in Northern Ireland, reach out to our team on 📧info@mcgpropertygroup.co.uk

https://mcgpropertygroup.co.uk/contact/