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 mortar valuation. The property was purchased for £95,000 at the back end of 2015 as an office with a much smaller HMO above.

Rob is finding it hard to believe that the refurb price would have cost more than around £130,000 - £150,000 considering house prices have probably only risen by about 15% over the last 4 years. His other concern is the lack of local comparables for him to do a true bricks and mortar valuation.

He’s worried that the property is overvalued as a stand alone asset. So what would Rob & Rob do in this situation?

Our second question comes in from Mahlia who’s looking to purchase more HMO properties in Manchester and Leeds, but has been put off by article four which requires planning permission to change residential property to a HMOs.

Should this be a real concern or should she still proceed with the aim of getting planning permission?

Rob D’s response is pretty clear on this one. Tune in to have a listen.



Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours.

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

This week on Ask Rob &amp; Rob, the guys are answering two very different questions on the topic of HMOs.
The first question comes in from another Rob who&rsquo;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 &pound;3,870 on a purchase price of &pound;335,000 - that&rsquo;s a gross yield of over 13%!
However, his concern is the bricks and mortar valuation. The property was purchased for &pound;95,000 at the back end of 2015 as an office with a much smaller HMO above.
Rob is finding it hard to believe that the refurb price would have cost more than around &pound;130,000 - &pound;150,000 considering house prices have probably only risen by about 15% over the last 4 years. His other concern is the lack of local comparables for him to do a true bricks and mortar valuation.
He&rsquo;s worried that the property is overvalued as a stand alone asset. So what would Rob &amp; Rob do in this situation?
Our second question comes in from Mahlia who&rsquo;s looking to purchase more HMO properties in Manchester and Leeds, but has been put off by article four which requires planning permission to change residential property to a HMOs.
Should this be a real concern or should she still proceed with the aim of getting planning permission?
Rob D&rsquo;s response is pretty clear on this one. Tune in to have a listen.

Do you have a buy to let or property investment related question for Rob &amp; Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).
Or if you prefer, <a href="http://www.speakpipe.com/thepropertypodcast">click here to leave a recording via your computer instead</a>.
The next question on Ask Rob &amp; Rob could be yours.
Have you joined us over on the <a href="https://propertyhub.net/forum">Property Hub Forum</a> yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

The Property Podcast from Property Hub (propertyhub.net) is the podcast for all property investors – new or experienced. Rob Bence and Rob Dix discuss a different property topic and property news item each week, passing on their knowledge and experience to the listeners. They both invest in UK Property so they practise what they preach. No hard sell, no bull just straight talking property investment advice!

A UK podcast for new or experienced property investors

The Property Podcast

Rob & Rob advise a multi-million pound property fund, and have put together more than a thousand deals over the last decade. The Property Podcast is the show where they share their knowledge with you, for free!

Tune in every Thursday to hear them cover the latest news and hottest topics in UK property investment – and get your own questions answered on the special weekly “Ask Rob & Rob” show.

Rob &amp; Rob advise a multi-million pound property fund, and have put together more than a thousand deals over the last decade. The Property Podcast is the show where they share their knowledge with you, for free!
Tune in every Thursday to hear them cover the latest news and hottest topics in UK property investment &ndash; and get your own questions answered on the special weekly &ldquo;Ask Rob &amp; Rob&rdquo; show.