HMO Conversion, Ballygomartin, North Belfast

HMO Investment in North Belfast: Conversion Project

MCG Property Group sourced this property for a portfolio building client and are project managing the full renovation into an HMO (House in Multiple Occupation). Currently a 4-bedroom property in North Belfast, poised for transformation into a high-performing 5-bedroom HMO.

Why Invest in HMOs in Belfast?

HMOs offer significantly higher rental yields compared to standard buy-to-lets, making them an attractive investment opportunity in Belfast’s thriving property market. Our projected Return on Capital Employed (ROCE) for this project is a minimum of 24.49%, with an anticipated annual income of £27,000.

Renovation Plan.

We will handle every aspect of the conversion, ensuring compliance with Belfast’s strict HMO regulations, including planning, building control and licensing. Our renovation plan for this North Belfast property includes:

• Adding an extra bedroom to maximise rental income.
• Optimising bathroom space through division.
• Installing new, energy-efficient kitchen appliances.
• Complete interior repainting for a fresh, modern look.
• Upgrading all electrics and lighting for safety and efficiency.
• Laying new, durable flooring throughout.
• Providing full, comfortable and modern furnishings.
• Installing new fire doors 
• Replacing the entire roof
• Upgrading the insulation for energy savings.

Navigating HMO regulations in Belfast requires expert knowledge. MCG Property Group has a proven track record of successfully managing HMO conversions, ensuring your investment is both profitable and compliant.

For more information on our HMO conversion projects and investment opportunities in Belfast, or to discuss sourcing a bespoke HMO property in Northern Ireland, please contact our team at 📧 info@mcgpropertygroup.co.uk.