HMO and SA in Devon

HMO and SA Potential Refur in Devon

A substantial 140m2 semi-detached house over three floors. Requires full refurbishment—a "blank canvas" for forced appreciation.

Property Details
- 4 bedrooms + large basement with external access (ideal for a self-contained annexe).
- Planning Flex: No Article 4 Direction; easier conversion to HMO or Serviced Accommodation (SA).
- Parking: Rare off-street parking at the rear—a major value-add for SA and HMO tenants.
- Location: Heart of Devon costal town; walking distance to the town centre and beach.

▪ Purchase price: £130,000
▪ GDV after conversion: £280,000 - £300,000 - immediate £150k equity uplift
▪ Refurb costs: £82,500
▪ Annual profit: £32,700
▪ ROCE: 108%
▪ Yield: 15%

▪ Purchase costs: £17,250
▪ Investment required: £142,780
▪ Monthly NET: £2,725

A low‑risk, high‑yield opportunity for both new and experienced HMO investors. Optional project management available.

Exit Strategies & Yields
- OPTION 1: HMO (6-Bed): Estimated £3,600–£4,200/month (£600–£700 per room). No Article 4 simplifies the change of use.
- OPTION 2: Serviced Accommodation: Seasonal rates of £150–£280/night for large groups. High demand due to coastal location and parking.
- OPTION 3: Buy-to-Sell: Post-reno value estimated at £280k–£300k based on 4-bed area averages.