Compass House, Swansea
OBJECT TYPE
Renovation project
HOUSING UNITS
9 rooms, 1 apartment
LOCATION
Swansea, Wales
RETURN ON INVESTMENT
11,3% Gross yield
Project information
Compass House, currently under renovation, is set to become an HMO with 9 rooms featuring a shared living area and kitchen. Additionally, it will include a standalone apartment.
Commencement and Completion Date
The land was acquired in 2023. Compass House is currently under renovation. The expected completion is September 2024.
HMO (House of Multiple Occupation)
Investing in an HMO can offer higher rental yields (10,8% on Compass House) 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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