Commercial Road, Port Talbot
OBJECT TYPE
Renovation project
HOUSING UNITS
5 bedroom HMO
LOCATION
Port Talbot
RETURN ON INVESTMENT
19% Gross yield
Project information
A mixed-use commercial property located on the main street in Port Talbot. After applying for and obtaining the necessary permits, the first floor was converted into a 5-bedroom HMO (House in Multiple Occupation), while the ground floor remained a commercial unit.
Commencement and Completion Date
The construction of this HMO on Commercial Road started in June 2022 and was completed in May 2023.
HMO (House of Multiple Occupation)
Investing in an HMO can offer higher rental yields (19% on Commercial Road) and increased flexibility in rental agreements. With growing demand for shared accommodation, particularly in urban areas, HMOs present a lucrative opportunity for steady rental income and long-term capital appreciation.
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