THE PROCESS

1. Great condition

The property must be in great condition when our team view them, we have a 7 page property inspection form that all of our sourcer’s must use when viewing. 

 

We will check the house as best a possible. Properties that require paint etc are accepted.

If any properties require works we will always disclose this prior to sale and in many cases will have obtained quotes for the work through our network of tradesmen.

2. Minimum 4 lettable room’s

To achieve the investor the highest return on investment, we do try to only source properties within this budget. However we will pass a property that has a higher purchase price providing the return on investments figures are as a minimum 20%, Typically we look for min 30%.

3. £30K per lettable room

All rooms must have a minimum of 4 bedrooms that can achieve a rental income. Each room must meet local standards for size typically 6.5m2 or 70 sqft.

4. Management team in the area

All the properties we pass to investors will have a full management team in place in the local area. For instance if we pass a HMO, we will have a HMO manager in place who is confident the property will let. We have Builders, legal teams and mortgage brokers in place that are in place waiting to be instructed.

5. Maximum of 15 mins to nearest centre without a car

Primarily this refers to HMO properties as our research tells us that the majority of tenants for HMO’s tend not to drive, need good access to public transport, a quick and easy commute to their jobs and want to be near the buzz of a city centre. We set a rule of 15 mins so the properties are all within easy access of the centre of the town/city.