object type
Renovation project
housing units
9 rooms & 1 apartment HMO
location
Swansea, Wales
RETURN
11,3% gross yield
Compass House
Swansea
Commencement: 2023
Completion: December 2024
Compass House is a renovation project that is set to become an HMO with 9 rooms featuring a shared living area and kitchen. Additionally, it will include a standalone apartment.
Key figures
Purchase price: £300,000
Renovation costs: £390,000
Est. market value: £900,000
Added value: £210,000
Est. buyer costs: £16,000
Sales profit: £900,000
Rental income: £80,000
Why is renovating properties a smart investment?
Investing in an HMO can offer higher rental yields (11,3% on Compass House) 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
Compass House 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.