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Podcast: The Property Podcast
Episode: ASK192: Is this HMO over-priced? PLUS: Should I get planning permission before I buy?
Description: This week on Ask Rob & Rob, the guys are answering two very different questions on the topic of HMOs.
The first question comes in from another Rob who’s got in touch for some feedback on a potential HMO in Stoke-on-Trent. The property is fully tenanted and has five double bedrooms, all with en-suite bathrooms.
On the face of it, the property seems like a pretty good deal. The monthly gross rental income is £3,870 on a purchase price of £335,000 - that’s a gross yield of over 13%!
However, his concern is the bricks and mo...