Off-market houses in multiple occupation, already let room by room, so the income starts on completion.
Tenancy: All 8 rooms let, all bills included.
Licensed eight-bed HMO in Hull's Avenues, licensed to 2029 with an EPC of C. Now fully let: all eight rooms let at £49,620 a year (14.6% gross).
Interested? Get the deal packNot financial or investment advice. Figures are as let at the time of purchase. They are not a guarantee of future performance, or that similar stock will be available.
Setting up a HMO means works, licensing and filling every room. Buying one that is already let skips all of that: the rooms are full, the bills are set up and the rent pays from day one.
How many rooms are let and at what rents, how long the tenants have been there, any arrears, and whether the licence covers the rooms being let. The licence and its expiry date are set out in the pack.
A HMO licence can't be transferred to a new owner, so you need your own. Speak to the council and apply as early as you can, ideally before completion, because letting a licensable HMO without a licence is an offence. Your solicitor will cover this.
Yes, from specialist HMO lenders. Most want the licence in place and some want landlord experience. A mortgage broker who arranges HMO lending is the right first call, and I can introduce you to one if you need it.
Usually, yes. Each deal shows whether bills are included, and the pack sets out the running costs.
Councils refuse a licence when the house isn't suitable for the number of people living there (room sizes, kitchens, bathrooms, fire safety) or when the licence holder or manager isn't a fit and proper person. You can appeal a refusal to the property tribunal. While there is no licence it can't be let as a licensable HMO, so you would need to cut the number of tenants below the licensing threshold, and the council can take over its management. That is why the pack shows the current licence and the rooms it covers. Ask your solicitor to check the licence position before you exchange.
No. The law says a HMO licence can't be transferred, so you apply for your own, ideally before completion. The pack shows the current licence and its expiry date.
Yes. Viewings are arranged with the tenant, with proper notice, once you have read the pack and want to go further. A viewing doesn't hold the property, though: it stays on the market until the reservation fee is paid, so if you want it, move quickly.
Registering and receiving deal packs is free. If you buy, there is a buyer's fee of £3,000 or 2% of the price, whichever is higher. The fees page has the details.
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