Our Commercial Agents recently completed a deal on two HMOs in Plymouth. The houses have been purchased by a property investor, with a combined income of around £1000,000 and offering a yield of over 10%.
A house in multiple occupation ( HMO ) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It can be called a ‘house share’ and in this case, is in prime student zones in Plymouth.
Vickery Holman have an excellent understanding of local and regional markets for investment, so please talk to our Agency and Investment consultants about the investment opportunities in the South West.
