HOM Investment property | Invest

A House of Multiple Occupation (HMO) or ‘multi-let’ is a rental property in which 3 or more tenants share amenities (toilet, bathroom or kitchen facilities).

If your property is deemed as a ‘large HMO’ then you will require a license in accordance with the Housing Act 2004. A property is viewed as a large HMO if it is at least 3 storeys high and there are 5 or more tenants who are sharing toilet, bathroom and kitchen facilities with each other. All HMOs, whether large or not must still comply with building regulations.

In today’s market many younger people are finding it increasingly difficult to make the step onto the property ladder, with ever increasing deposits needed and the banks being stricter on lending. As a result of this the demand for renting single rooms is on the rise, so letting a property as an HMO rather than to a single tenant/family will help to meet this demand.

Another market which an HMO property is perfect for is university students. Typically students will spend their first year in halls of residence, but then for their 2nd, 3rd & possibly 4th years they may want to share a house with their friends. HMOs provide the perfect solution to this, the students get to live together whilst you as landlords are getting rent per room, rather than a figure per property. If you feel an HMO aimed at the student market is for you then you should consider locations in close proximity to large university campuses.

Our experienced team is ready to guide you through the rules and regulations that apply to the planning, renovation and ongoing management and maintenance of your HMO property.

So why are HMOs so appealing to investors?

Increased rental income over traditional buy to lets
It is a growing sector with demand for single rooms rising dramatically
There is reduced risk from non-payment – even if 1 tenant is late with their payment one month, you are still receiving rent from the others. Whereas if a family are late paying in a traditional let then you receive nothing
Perfect opportunity to make a foray into the student accommodation investment market

So how do I get into the HMO investment property market?

The team at CXG Invest are ready to discuss your individual needs.

We have a range of HMO property investment opportunities to discuss with you, and if you have a specific location in mind we’ll work with our developers to source you the best property for your requirements.

Make 2015 the time you begin investing in HMOs in the UK. For free helpful HMO news, please view our blog articles or sign up to our email newsletter.

Contact us today by phone – 01440 784159, email – invest@cxggroup.co.uk or by registering your interest below, to see how we can find you your perfect new HMO investment property.

Opportunities in this area

Haverhill | HMO PropertyCXG Investment logo

Asking price is £250,000 – 5 Rooms (when fully occupied £500 PW rent) £20,800 PA

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The staff are very friendly and they act fast with their work. I would recommend them to rent off.
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I have worked with CXG for several years and supported their clients in arranging finance for their property investment. CXG have a great product and provide an excellent service they, take away the hassle from investing in property and allow clients to gain a high return for their investment.
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CXG have been very helpful and professional in helping me rent a property through them. I would recommend anyone to rent a property from them.
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A mate of mine told me about them and they have helped me so much, very good service.
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CXG Property Services provide a very helpful and friendly service.
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CXG have great customer service and the staff are always helpful and keep me updated.
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They are very friendly and are very professional, would rent off them again.
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CXG have fantastic service and they are very efficient with the service they provide, would definitely recommend.
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The staff are most helpful and if I need a repair on my rental property the maintenance team come and deal with it quickly and efficiently.
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Good customer service from CXG Property Services – would recommend them.
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I had my shower unit retiled by CXG Maintenance. I would like to say they have done a brilliant job and I am very happy to recommend them to anyone needing repairs.
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Best ever company I have found, especially the service from Robin Pilley.
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CXG provided me with a fantastic service. They always called on time and got things done when asked. I would use them in the future.
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CXG appreciate that letting agents need to take care of issues as they arise. They deal properly with maintenance issues, so the tenant gets what they need, and they deal effectively with rent collection and payment so the landlord gets what they need too. Ending up with a fair deal all round. These might not seem like complicated ideas, but there are many agents across the uk, perhaps the...
CXG have fantastic workmen. We had a good chat and they are good fun.
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I have recently bought a property through CXG and I am very pleased with their professional service. They have always been very helpful and friendly. Special thanks to Elaine for her efficiency and for always replying with a smile.
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Andy Pantling was our agent and we found him professional, informative and an extremely nice person to deal with. Would use Andy again.
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Having worked with CXG Property Services for a number of years, you would be hard pushed to find another property company in the UK with better all round expertise, knowledge and honesty. CXG set the bar that the rest should follow!
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