High-End 6-Bed HMO

High-End 6-Bed HMO with 3 Studios and 3 En-suites in Grimsby

An excellent opportunity to acquire a 3-bedroom property in Grimsby, a high-demand rental location benefiting from strong tenant demand and ongoing regeneration.

The property offers the potential to be converted into a high-specification 6-bedroom HMO comprising 3 en-suite rooms and 3 self-contained studio units, creating a premium rental product designed to maximise cash flow and long-term returns.

The scheme includes a dormer loft conversion creating three additional en-suite rooms, resulting in a premium co-living product designed to maximise rental income and long-term capital growth.

All works will be planned under Permitted Developments.

Development Strategy

-Existing 3-bedroom terraced property.
-Conversion to 3 Studios, 3-Ensuites HMO.
-Dormer loft conversion creating the 3 additional rooms.
-High-specification finish throughout.
-Fully furnished upon completion.
-Designed to attract professional tenants and contractors.

Financials
Purchase Price: £74,950
GDV: £270,000
Refurbishment Costs: £183,970
Purchase Costs: £34,185
ROCE: 24%

Rental Potential After Refinancing
Annual Rent: £41,400
Annual Net Profit: £18,900
Monthly Net: £1,554
Net Yield 7% (factoring all costs- council tax, utilities, broadband, insurance, fully managed agent fees, maintenance)
Money Left in the Deal: £78,000
No of years until all money out: 4.36

AREA INFORMATION

Grimsby is a growing rental market with a population of approximately 85,000 and a strong economy driven by ports, logistics and the UK's expanding offshore wind sector. The town attracts a steady flow of contractors, professionals and skilled workers, creating consistent demand for quality shared accommodation.

Investment & Regeneration

Grimsby has benefited from over £67 million of regeneration funding in recent years, including the redevelopment of Freshney Place, a new leisure and retail quarter, town centre improvements and the Horizon Youth Zone.

Looking ahead, further investment is planned through the Freshney Place redevelopment, a new transport hub, waterfront housing schemes and continued expansion of the Humber offshore wind industry, supporting employment growth and long-term rental demand.

Whether you are an experienced investor or entering the property market for the first time, we offer the team, systems and proven track record of successfully delivering HMO projects, providing a hands-off investment experience from acquisition through to completion.

Quote deal no: 198