houses in multiple
occupation (HMO)
package

As more people turn to renting long term, the demand for HMO is growing rapidly. This strategy helps identify existing residential property that would be suitable to convert to HMO.

THE CRITERIA WE USE:

• The strategy shows which houses have less than 10% of dwellings within 50m of the property, in HMO use.
• Those properties, therefore are likely to be suitable for conversion to HMO (C4 or Sui Generis).
• Highlights potential to extend’ based on the average site density on that street
• If the property is in an Article 4 area.

OVERLAY DATA INCLUDES:

• Title number
• Site density
• Ratio of HMOs
• Article 4

To supply the growing demand in HMO, you can extend existing HMO’s for a better return. This strategy helps identify existing HMO’s where the site density is lower than properties in the same street, creating the perfect opportunity to maximise your HMO returns.

THE CRITERIA WE USE:

• Identify existing HMOs which have a lower site density compared to the houses nearby.
  
• Highlights potential to extend based on the average site density on that street.

OVERLAY DATA INCLUDES:

• Title number
• HMO manager
• Site density
• Licence holder
• Licence information
• Number of persons

This strategy identifies low-value commercial upper opportunities with hidden value if converted to residential.

THE CRITERIA WE USE:

• For: Change of use on upper floors to 2 residential units
• Class G – uppers & M – whole building
• Sustainable locations
• Upper floors are in commercial use, with a retail unit on the ground floor
• Financially viable conversions

CLASS G – NO RESTRICTIONS ON:

• Town centre
• Conservation area
• Listed building
• No time code. You can change use into it and build into it.

CLASS M – EXCLUSIONS:

• No extensions
• Partial demolition
• Not in a CA/Listed building
• Not on a High Street

OVERLAY DATA INCLUDES:

• Local residential value per square foot
• Title number
• Size of uppers
• Upper rate per square foot
• Predicted profit
• Estimated value

Our Low Value Commercial Property In A Residential Area strategy will help you to identify cheap commercial property in residential areas with hidden value when converted from commercial to residential under PD rights.

THE CRITERIA WE USE:

• Change of use of commercial space to residential (NPPF & Class M, N, O, ZA).
• Class M – retail uses and hot food takeaway to dwellings
• Class N- specified sui generis uses to dwelling houses
• Class O- offices to dwellings
• Class Q- agricultural buildings to dwellinghouses
• Sustainable locations
• Financially viable conversions
• With a residential feel to the location

EXCLUSIONS CONSIDERED:

• Green belt
• Flood Zone 2&3

OVERLAY DATA INCLUDES:

• Size from rates assessment
• Title number
• Local residential values per square foot
• Site uses
• Predicted profit
• Rate per square foot