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Conversion of 15 Houses into
75-bed HMO Portfolio

Various locations across Worcester, Worcestershire 

The Location

Worcester is a well-established university city in the West Midlands, known for its strong demand for affordable student housing. These 15 HMOs are strategically located in residential neighbourhoods close to the University of Worcester campuses and city transport routes. The area benefits from stable occupancy rates, high rental yields, and consistent student population growth. 

The Strategy

Conversion of 15 houses to HMOs, creating 75 bedrooms and let to
students. Rent roll at peak over £320,000 per annum.

Financials

  • Purchase Price: £3,124,500

  • GDV: £4,012,884

  • Profit: £888,384

  • Profit on GDV %: 22.14 

Current Status

Split from business partner in 2021, leading to division of
portfolio/assets and final house in Andrew’s portfolio now sold STC.

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