HMO Buy to Let Investment in Doncaster

The HMO investment opportunity is located near the Next distribution centre which has created 1000 new jobs over the past 2 years. Local industrial parks include DFS head office, Asda and B&Q distribution centres thereby creating further employment opportunities and tenant demand.

Doncaster is a thriving logistic hub and main distribution centre for Amazon because it has an I-port where international deliveries are brought directly, and customs carried out at the internal port instead of at the coast. With all the hold ups with trucks in Dover, this form of international rail delivery is becoming increasingly attractive for European imports.

HMO house in Doncaster

This property was a former children’s home which is going to be stylishly converted into shared accommodation boasting 5 bedrooms with en-suites, a conservatory and open plan living area. Our development partner has been creating homely accommodation for the past five years, their internal lettings management team will handle every element of the lettings process and resign tenants up every six months to ensure the lowest amount of void period.

Other investors are already enjoying 9.5% net yields. In the current high inflation environment, one has to be mindful to keep ahead by matching returns to your increased living expenses. Find out how HMO investment opportunities can provide a steady income stream for your future.

The Process of buying HMO property

The property has been purchased from auction at a below market value price and is presently going through a change of use. One can reserve the property for £5,000, refundable until planning change has been confirmed. Exchange contracts and make payments towards the actual refurbishment costs. Refinance once the tenants move in and extract the bulk of your investment. Go again and repeat the process.

These opportunities are ideal for experienced landlords who are not seeing the same sort of return in the local area.

The developer has been successfully operating more than 7 years, specifically focussing on HMOs in the Doncaster and South Yorkshire region.

Tenants have peace of mind that all bills are included, so there will be no issue of dividing up costs between housemates and regularly taking meter readings. Once complete, the property will be ready to move in, being fully furnished with all necessities provided such as cutlery and crockery. The conservatory will function as a living area so tenants will have more space to socialise with other housemates. Shops and other amenities are close by for convenience and the area is well-served by transport links so it is ideal for those working in the surrounding warehouses or in Doncaster.

Start enjoying high yield passive income today. Fund out how this coudl work for you.