arm chair

By admin, 4 yearsJuly 15, 2020 ago

blog

What Is Gazumping? And How you can Stop it from Happening to You

Gazumping

I hear you ask… What is gazumping? And how you can stop it from happening to you. If you’re buying or selling a house or flat then gazumping is something that could happen to you. I am going to explain a little bit more about what gazumping is and things you can do to try and stop it happening to you. Firstly…

What does it mean?

Gazump originates from a Yiddish word – gazumph – meaning to cheat.

Therefore, gazumping means to cheat. In property, it is cheating someone else out of a property. Let me explain a bit more about what is gazumping? And how you can stop it from happening to you…

What is gazumping?

Basically, this is when a seller has accepted an offer on a house or flat from a buyer. However, another buyer comes along and makes another offer. This offer is usually higher, and then the seller accepts.

This leads to the original buyer losing the house they wanted and the gazumper buys it instead.

Why does it happen?

This can affect both the seller and the buyer. How? Well, the original buyer loses the house they were planning on buying and has to start their house search again. The seller has to start the whole selling process again but with a different buyer. Crazy really, but in my opinion, it kind of comes down to greed.

If someone is offered more money, they take it. Unfair, but, it happens.

The most likely time it happens is property market is booming. It all comes down to supply and demand. Basically, when there are more buyers than properties for sale.

The longer it takes for the sale to go through the greater the risk a buyer will be gazumped. If there is a chain and then a cash buyer comes along. I guess it can be appealing to sell to someone else.

You may be wondering, what’s the problem?

What’s that saying? All is fair in love and war! I guess, you could be forgiven for thinking that here.

We all know house buying and selling is one of THE most stressful things to do. So, it can be really upsetting and stressful.

Imagine finding your DREAM house. You think it is yours, you are just waiting for a date and then bam! We have sold to someone else, sorry!

Now, this can actually be a problem for sellers as well. Why? Well because gazumpers can be game players. They may actually be offering more than they can afford to pay. Even more scary, they may be offering more than a house is worth, therefore they may not be able to raise the funds for the purchase.

This leads to a risk that the sale will fall through!

Let’s not forget time and money might have already have been spent on surveys, mortgage application fees and solicitors’ fees. It can be costly for all parties.

This cannot be legal though, surely?

Well, it is not illegal. Immoral, in my opinion, but not illegal. Buyers can gazump and sellers can accept the offer. Unfair, yes. It has happened to me before. That is why I want to bring some points to your attention, in order to make sure it doesn’t happen to you.

Until the house is sold only a verbal agreement between buyer and seller. This is not legally binding. It is not law until the contract of sale is exchanged legally. This is in England and Wales, anyway. The laws in Scotland are different. But that is another topic.

How to Stop Gazumping if you are Buying

Firstly, make a strong offer! We all want a bargain, but the better your offer price the less chance somebody will be willing to beat it. Plus the seller will be less tempted to look at another offer. Put yourself in the best position you can.

It doesn’t hurt to ask for the property to be taken off the market as soon as your offer is accepted.

It is good to build a relationship with the estate agents. You can ask them to remove the property and not to conduct any more viewings. You could even say it is a condition of your offer. It is worth a try, to put yourself in the BEST position!

You could also ask for the seller negotiate back with you, if there are any other potential buyers. However, this could potentially lead to a bidding war. So just be careful here. It’s best to take legal advice about the pros and cons of doing this.

Make it easy for the seller

Of course, if you could make yourself a cash buyer. This would put you in an amazing position.

If you have a property to sell, sell it before you find somewhere to buy. Sellers are more likely to see a cash buyer as a priority buyer.

Make sure you have your finances in order. For example, a mortgage in principle. This makes the seller know you are serious. Don’t forget sellers want to sell with ease, as much as you want to buy with ease. Make it easy for them likely to stick with your offer if you have the money waiting.

Be sure you have a solicitor or conveyancer in place and ready to act quickly. Make sure you choose one who has a reputation for carrying out conveyancing as quickly as possible.

The quicker contracts are exchanged the less chance there is you will be gazumped. Sometimes, gazumping may occur not because another buyer makes a higher offer but because the seller needs a faster sale and so decides to accept a different offer having initially accepted yours.

Try to get everyone in the process to agree to a target date for exchange of contracts and for legal completion and to work towards it.

Keep in touch

Keep in regular contact with the estate agent, solicitor, bank or building society and sort out any hitches as quickly as possible. If you can, stay in touch with the seller too if you can.

It is all about building relationships .

Insurance

It is possible to get an insurance policy, often called Home Buyers Protection Insurance. This can to help minimise the problems gazumping can cause. Although, insurance can’t stop gazumping it may refund your expenses if you are gazumped.

Don’t estate agents make sure gazumping doesn’t happen?

You would think so wouldn’t you?

Estate agents who charge a commission to sell a house stand to gain if they find a gazumper who is willing to pay more than has already been agreed. However, most estate agents will say they do not encourage gazumping.

It is known that some have an anti-gazumping policy.

This being said, estate agents cannot stop gazumping even if they wanted to. This is because if, after a sale has been agreed, another offer comes along. They are duty bound to pass it on to the seller.

So, whether they like it or not, an estate agent may actually be involved in gazumping. I know it sounds harsh. This is why as a buyer you have to do everything you can to understand; what is gazumping? And how you can stop it from happening to you.

Buying a house for investment?

If you are not purchasing your new family home. It could be worth considering alternative ways to invest your money. If you have money to invest you want it to work for you don’t you? You want it to bring a return on your investment, don’t you?

I am thinking the least hassle would be nice too.

What can you do?

To be honest, there are so many options available to you. So, please do not worry!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

You will not be getting negative rates, put it that way!

If you want to have a conversation on how we may be able to help please just get in touch here.

Take a look

Take a look for yourself at our You Tube channel. You can see the things we are doing.

Be back soon

So, What is gazumping? And how you can stop it from happening to you. I hope I have explained a bit more to you.

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

I Squared Property - who, what and why? I Squared Property Watch here to find out more about James

By admin, 4 yearsJune 15, 2020 ago

blog

Sheffield is a city going places with big ambitions!

Sheffield Investment Map

A city going places with big ambitions!…

Sheffield is a city going places with big ambitions! The FCO described Sheffield as a city that is going places with big ambitions! I can say living here it definitely has the feel of a city on the up.

In the 60’s Sheffield was completely ahead of its game. Gaining a reputation for creating modernist icons. Such as Park Hill Flats and the Gleadless Valley Estate.

This city’s industrial heritage and geography have created a defined separation of East and West. Hallamshire being home to Dore, Whirlow and Ranmoor. Properties here still demand a premium.

To the east, areas such as Meersbrook, Greenhill and Gleadless cater for first and second-time buyers. With the city centre, Shalesmoor and Kelham Island offering a trendy alternative. A great option for those stepping onto Sheffield’s property ladder, due to the areas redevelopment scheme.

There is also array of independent restaurants, galleries, museums, café’s and bars. And of course home to Meadowhall. Meadowhall is the largest shopping centre in Yorkshire. The eleventh largest in the United Kingdom. There is even plans for an extension. This would make Meadowhall the fourth largest shopping centre in the UK.

Evidence?

There have been many major residential and commercial developments over the past few years. With many more in the pipe line! Thus, creating much improved housing and attracting new businesses.

A city of great opportunity! No matter if you live here, work here or invest here. Throughout its history, Sheffield, has been recognised as inventive, hardworking and entrepreneurial city. Priding itself on getting on with things, quietly but effectively, irrespective of the challenges faced. Just like Sheffield ‘folk’.

Sheffield attracts and retains new investors, graduates, entrepreneurs and multinationals as well as developing it’s own locally grown world beating companies.

So much more…

With 2 world class research Universities Sheffield is well placed for the 21st Century. Over 35% of the 15,000 Graduates from the Universities remain in the city every year. As well as this it has a Hospital with a global reputation for its research and the largest College in Europe!

With an average travel to work time of only 23 minutes. It also offers a quality of life with over half of the City’s population living within 15 minutes of open countryside. Many even closer to the city’s 150 woodlands and 50 public parks.

Not just a steel city

Known as the ‘Steel City’. Famous for its ‘made in Sheffield’ steel cutlery. But, it is also awarded as England’s greenest City. Literally the best of both worlds!!

A city that has more trees per person than any other City in Europe. And being on the doorstep of the Peak District…. Wow, what a place!!

This city is still at the heartbeat of UK manufacturing. It remains home to many of the world’s most innovative engineering organisations global names like Boeing, Tata and Rolls-Royce. All who benefit from the city’s credentials in advanced and modern manufacturing. Both universities of Sheffield are strong in engineering.

Sheffield Properties

In the South of the UK annual property prices are expected to see the largest increase. However, property investors are looking North for good value for money and income stability. The Sheffield property market has held its own in recent years. It is believed the prices are likely to rise over the next few years; creating a property hotspot.

Over a third of high net worth investors looking to purchase property in northern regions think that property prices are going to rise.

With over a quarter who plan to purchase citing ‘strong rental income’ as a reason to invest here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

By admin, 5 yearsApril 15, 2020 ago

blog

What is hands off investing?

Hands off investing

Hand of investing…

Ok, so what is hands-off investing? Whatever it is it sounds good doesn’t it?

It works in two, ways 1. You invest money for a set period or per project for a return of x or 2.

We find you a property for a fee. Then we refurbish the property for a fee. Once we have done that, we then find you a tenant for a fee and % each month. Both are excellent ways to Invest totally Hands Free….

Property management

Let’s say you have bought yourself a property, but you don’t want all of the hassle that goes with managing it. Or you don’t really know what to do.

I get it, property management can be a real headache and there are often problems that are unpredictable and unavoidable.

Often the joys of leaks or boilers breaking down in the middle of the night and the tenants are on the phone to you!

That doesn’t sound fun does it?

Kind of explains why is no wonder that a lot of investors choose a property management company to take care of these things for them.

Property management companies will tell you that you are getting the best of both worlds. The benefits of a monthly residual income, without any of the hassles of being a traditional landlord at the beck and call of tenants around the clock.

Free Your Time

If you are looking to build a good property portfolio (and you should) then having the time available to do this is essential. You do not want to be a 24 hour landlord dealing with the mundane when you should be looking for your next property.

Even with one property you may find that being the landlord can be a full time job. What if a tenant leaves? You will want to ensure that a new tenant is found very quickly. Do you have the time and resources to do this?

A letting agent will be far more likely to find somebody that is ready to rent in your area than you will be able to alone. Also they will have access to trusted local trades people who can do all of those repairs for you. Your time is critical to your success.

Is It A Good Idea To Go Totally Hands Free?

Right now there is a huge demand for hands off investments. There are companies that will find the ideal property for you, find tenants and manage the property as well. But is this a good way to go?

Well even when you take the agents fees into account you can still make a good profit and residual income if the property is in the right location and there is strong rental demand.

What is not a good idea is to leave this all to an agent to decide. You need to know what the rental yields are in a particular area before you commit to a property purchase.

Some unscrupulous agents have inflated these rental yields and unsuspecting investors have purchased properties in the wrong locations and lost considerable money.

Talk to other investors that have used a particular agent to see if they are on the level and perform your own due diligence in an area before investing in a property and you should be safe.

Why?

Because we are a family business, we understand the need to secure your future for your family. We get it!!

You are only dealing with us. Anyone we have working for us is vetted by us and works directly with us. Trust is very important for us and we only work with people who understand what we are about.

At I Squared Property we have a comprehensive portfolio of properties in the South Yorkshire region. We have a massive choice of properties for all budgets enabling you to reach your lifestyle and financial goals.

If you are considering buying an investment property, it starts with a conversation.

Help us understand what you are looking for and we are in a better position to help you achieve your goals.

We can save you time by recommending the most suitable ways we can help you achieve your financial goals. if you want to have a chat just request a call back here.

Take a look behind the scenes

Transparency is something we pride ourselves with. We are always sharing what we are doing and what we have done.

If you want to keep up a little bit more with us, subscribe to our You Tube channel and take a look for yourself.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on. If you want to know more about us just take a look.

Speak soon

Laura and James

By admin, 5 yearsMarch 15, 2020 ago

blog

I Squared Property – who, what and why?

I Squared property

Who?

I Squared Property, what’s it about and who runs it? Well, it is myself and my husband James who are the founders of this fantastic company. We are based in Sheffield and we offer opportunities, we believe, like no other.

We have invested in Sheffield since 2014 and as you can imagine, we have an extensive portfolio. This is because we seek out the right properties for our portfolios. By doing this we help our investors achieve their financial goals.

Not ones to sit back!! We are very hands on and we share our knowledge with both our current investors and potential investors.

Laura

Where do I start? Well, I joined the family business in 2018 working with James to grow and develop I Squared Property.

My background is in Manufacturing, Wholesale Sales, and Marketing.

I work very hands on with our Investors. As well as the marketing and exploring opportunities for new build developments.

You may not know, we also have a letting side to our business, which I manage.

Being a public speaker you can also hear many of my talks about how property is used as a vehicle to create the lifestyle you want and how to utilise social media in your business. Take a look at my podcast channel to find out more.

Or you are more of a visual person, just watch here

James

My Husband, James’s, background is in Electrical, Mechanical, and Renewables.

He has a so much experience and knowledge in all areas of Property Development and Project Management.

Over the years he has built up a trusted trade team. All of the teams projects are finished to the highest standard.

This gives confidence that all of our projects at I Squared Property are completed to this same high standard. Neither of us would accept anything less, to be honest.

James does not stop. His role or should I say roles at I Squared Property are land acquisition, materials, trades, project management, finance for I Squared Property, new build developments, and commercial conversions. The list goes on!

Not that I am biased, but he is very talented. Just take a look at some of our finished work:

What?

This subject is massive as we have an extensive portfolio. We will share more over our series of blogs, so don’t worry.

But, generally speaking, what we do is take houses that need some TLC and make the in beautiful homes.

This results in the perfect opportunity for people who want to Rent and Buy in Sheffield.

Whether you are an Investor or Landlord, we want to work with you. We offer a Source, Refurb and Lettings Solution plus a hands free invest on a return opportunity.

Why?

Because we are a family business, we understand the need to secure your future for your family. We get it!!

You are only dealing with us. Anyone we have working for us is vetted by us and works directly with us. Trust is very important for us and we only work with people who understand what we are about.

If you are considering buying an investment property, it starts with a conversation.

Help us understand what you are looking for and we are in a better position to help you achieve your goals.

We can save you time by recommending the most suitable ways we can help you achieve your financial goals. if you want to have a chat just request a call back here.

Take a look behind the scenes

Transparency is something we pride ourselves with. We are always sharing what we are doing and what we have done.

If you want to keep up a little bit more with us, subscribe to our You Tube channel and take a look for yourself.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

By admin, 5 yearsFebruary 15, 2020 ago

PROPERTY INVESTORS BLOG

Sheffield Access Hub of the North?

Sheffield Access Hub of The North??

This is why Sheffield is a great place to invest in property

Is it the Access Hub of the North?

Would you say Sheffield Access Hub of the North? Well, we would.

I Squared Property have invested in the Sheffield Access Hub for many years as it is excellent for all property strategies.

One of our favourites is the buy to let market.

Sheffield Access Hub

In Sheffield we have many buy to let properties. The reason we do most of our investing in Sheffield, is because we deem Sheffield is pretty much central within the country.

Not only this, it has easy and reliable transport links. Because of these things it makes this Sheffield one for serious consideration for future property investment.

Sheffield is within quick and easy reach of Leeds, Manchester and Birmingham, other major cities within the Northern Power House Strategy.

London Links

Sheffield has access to all the northern cities and as if that wasn’t great enough. It has a straight route to London or Newcastle. This means it is an ideal commuter centre as well.

As if that isn’t enough. Sheffield not only has fantastic motorway connections. It has fabulous rail and tram interchanges too. And then to top it all off Sheffield Doncaster Airport is fast becoming one of the most popular small airports with capacity for around 2.5m passengers annually. Wow!!

Sheffield is on the map

I think it is fair to say, Sheffield is well and truly on the map!

As part of the Northern Powerhouse, the HS2 links planned also means that it will offer some of the most improved supporting infrastructure and journey times throughout the country.

The population is likely to increase, as a result. Therefore this is another reason why property investment is crucial. This will assist the current increasing gap between demand and supply for student, buy-to-let and residential properties.

How can you invest?

You may be thinking how can you invest in Sheffield. Well we can help.

To be honest, there are so many options available to you. So, please do not worry!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

You will not be getting negative rates, put it that way!

If you want to have a conversation on how we may be able to help please just get in touch here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

By admin, 5 yearsJanuary 15, 2020 ago

blog

Sheffield is an investment HOTSPOT, Why?

Sheffield’s fast growing economy

Sheffield is an investment HOTSPOT, Why? Well, Sheffield’s fast growing economy is now worth £7bn a year!! Pretty incredible for a northern city, isn’t it?

Evidence

I can easily show you why Sheffield is an investment HOTSPOT. Its GVA (Gross Value Added) performance has increased by almost £4 billion since 1997.

Not only this, the economy is continuing to grow by an average of 5% every year.

Other northern cities

Along with some other northern cities, such as Liverpool and Leeds. Sheffield has become one of the most exciting investment hotspots in the UK’s property sector.

Whether you’re looking to invest in residential buy-to-let, commercial property or student housing, there are lots of opportunities in sheffield.

Transport Links

There is far more to the property investment opportunities than students and graduates, however.

The borough of Sheffield is the third largest in England, and as it’s relatively centrally located in the country it’s naturally ideal in terms of travel and accessibility.

The city has four airports within less than half an hour’s drive, helping to make it an easy transport hub for overseas as well.

Lying adjacent to the M1, Sheffield is also directly linked to many cities and towns all over the UK.

Added to all this, there are also speedy direct train links to London, and the possibility of a high-speed rail service if plans are approved.

Buy to Let Market

Regeneration and a buoyant job market combine to make Sheffield a very popular place for people to live, work and study.

The corresponding demand for homes, rental property, retail space and commercial units is increasing faster than it can be provided.

All of which leaves a very attractive area for investment, particularly with buy-to-let property. We can attribute the resilience of the private rental market in Sheffield to the limited number of high-quality housing schemes that are available in central locations, particularly when compared to other cities.

Sheffield, IS the place to invest RIGHT NOW….

How can you invest?

You may be thinking how can you invest in Sheffield. Well we can help.

To be honest, there are so many options available to you. So, please do not worry!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

You will not be getting negative rates, put it that way!

If you want to have a conversation on how we may be able to help please just get in touch here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

blog

Boeing Open New Facility in Sheffield

Advanced Manufacturing Park

Boeing opened in Sheffield

Boeing, the world’s largest plane maker, has opened its first European manufacturing site here in Sheffield. This lays testament to Sheffield’s capabilities. And firmly confirms it’s place as part of the Norther Powerhouse Strategy.

Of course everyone has heard of Boeing. Who hasn’t? But just in case you didn’t know. Boeing is a company that make components for 737 and 767 passenger jets. This will now be happening in Sheffield!! Home of the new UK operation site. They aren’t stopping there either.

There are already plans to produce thousands of parts each month which will be shipped to the US for assembly.

New facility creates jobs

As if Boeing coming to Sheffield was not amazing enough for this fabulous city. Of course, when such a big company opens it’s doors, it is bound to lead to new jobs.

Boeing said the Sheffield factory has created 52 new jobs. These include experienced mechanics, engineers and over 20 apprentices. This is just what Sheffield needs. The more jobs available, the more people will potentially move to the area and this will lead to more properties being needed.

It is said that Boeing have invested more than £40m in the facility. They are expanding and this expansion is leading to partnerships.

Boeing have said they are partnering with 13 UK-based suppliers for its expansion. These include: Aeromet International, Maher, and Liberty Speciality Steels.

Boeing based in Sheffield Advanced Manufacturing Park

Building Relationships

Jenette Ramos, Boeing senior vice president of manufacturing, supply chain and operations, said:

“We appreciate all the community support for Boeing’s new advanced manufacturing factory in the UK.

This is a fabulous example of how we are engaging in global talent to provide greater value to our customers.

In Boeing Sheffield, we are building on longstanding relationships and the region’s manufacturing expertise to enhance our production system and continue to connect, protect, explore and inspire aerospace innovation.”

Why Sheffield?

Sheffield is seen as the heart of South Yorkshire. Therefore, it makes sense to create the first European manufacturing site in Sheffield. It is hard to believe a company as big as Boeing Open New Facility here in Sheffield. But it just confirms Sheffield is a hot spot of the north and always growing in manufacturing.

Greg Clark, the secretary of state for business, energy and industrial strategy, confirmed this.

He said:

“Boeing choosing the heart of South Yorkshire as its first European home is testament to our capabilities, talent pool and strong manufacturing supply chains which are vital to job creation and creating value for local economies.”

Proving a great place to invest

When such big companies, like Boeing bring their first European manufacturing site to Sheffield it confirms we are doing something write.

It is fast growing and becoming THE place to invest. That is why we keep our properties in Sheffield.

What can you do?

To be honest, there are so many options available to you. So, please do not worry!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

You will not be getting negative rates, put it that way!

If you want to have a conversation on how we may be able to help please just get in touch here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

blog

2019 Property Market in the North, Still growing?

Property in the north

Property Market in the North

2019 Property Market in the North, Still growing? Well the quick answer is yes of course.

Let me explain why…

More Buoyant

Property Market in the North of England are expected to be more buoyant than their southern counterparts during 2019. This is exciting news, isn’t it?

House prices in the north east have only recently returned to their pre-financial crisis highs and they still have some catching up to do with the rest of the UK.

What does this mean?

As a result, Hamptons International is expecting property values in the region to rise by 1% in 2019. This would be the highest level of growth it is predicting for any area.

However, it does also state. It expects prices to rise by 7% in the coming three years. Of course future growth will be dependent on some areas unlocking their potential through regeneration or infrastructure developments.

The Northern Powerhouse Strategy

Of course, much of this can be down to and dependant on some of the strategies to be implemented or that already have been by the Northern Powerhouse Strategy.

Price growth in other regions in northern England has been slowing in recent months.

This trend looks set to continue into next year, with Yorkshire and Humberside likely to see gains of 0.5%, while prices in the north west are expected to be flat.

(Zoopla By Nicky Burridge )

Are you thinking of investing in the North?

There are so many options available to you. We can help. So, please do not worry!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

If you want to have a conversation on how we may be able to help please just get in touch here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James

blog

Buy to Let? or HMO?

Building cash flow quickly?

Buy to Let? or HMO? This is a hot topic when thinking about investing in property.

Now, I want to talk you through the different strategies and I hope this get’s things clearer in your mind.

Making your money work

Of course this is the main reason for any investment. So, let’s look at a few options here. Buy to Let? or HMO? hummmm….

Firstly, I will say both are great options. It just depends which one works for you and your money.

Buy to Let

This is pretty self explanatory. Basically it refers to the purchase of a property specifically to let out, to tenets.

This means it is not to live in and that is to rent it out.

A buy to let mortgage is a mortgage loan specifically designed for this purpose.

HMO

Buy to Let is a fantastic strategy, don’t get me wrong. WE do it a lot. However have you ever considered a HMO?

I know you are wondering what that is? Let me explain. HMO stands for ‘House Of Multiple Occupancy’. In short this means 5 or more people living in one house.

Options

You could actually re-configure your Buy to Let into a HMO. There are many benefits to doing this. Such as cash flow.

I will explain in a bit more detail. A 4 bed Buy to Let could maybe bring you in £695 pcm. However, if you turned this into a 5 bed HMO at £100pw per person it would total £2166 pcm. Wow!! Sounds good right?

A few things to check

A few things you need to be sure on.

Check if your area is a article 4 area, which means planning potentially could be a problem if there is a 20% saturation of HMO’s in that particular area.

You will also need a licence for your property.

The local council and planning office are your first port of call if you are wanting to look into this strategy every area is different and so is each council.

How can we help?

To be honest, there are so many options available to you. So, please do not worry, we are here to help you!

What we do is work with our investors, so that you have the confidence to know your money is working for you.

You will not be getting negative rates, put it that way!

If you want to have a conversation on how we may be able to help please just get in touch here.

Be back soon

We will keep bringing you up to date information about Sheffield, I Squared Properties and what we are up to and new developments we are taking on.

Speak soon

Laura and James