object type
Renovation project
housing units
5 bedroom HMO
location
Port Talbot
RETURN
19% gross yield
Commercial Road
Port Talbot
Commencement: June 2022
Completion: May 2023
A mixed-use commercial property located on the main street in Port Talbot. After applying for and obtaining the necessary permits, the first floor was converted into a 5-bedroom HMO (House in Multiple Occupation), while the ground floor remained a commercial unit.
Key figures
Purchase price: £90,000
Building cost: £110,000
Est. market value: £250,000
Added value: £50,000
Est. buyer costs: £1,000
Rental income: £39,000
Why is investing in a HMO a great opportunity?
Investing in an HMO can offer higher rental yields (19% on Commercial Road) and increased flexibility in rental agreements. With growing demand for shared accommodation, particularly in urban areas, HMOs present a lucrative opportunity for steady rental income and long-term capital appreciation.
Get in touch with us
Commercial Road is not available anymore. Are you interested in similar real estate projects? Feel free to contact us. We are happy to tell you about the exciting opportunities that British real estate has to offer.