M Square Developments Ltd is a successful Investment Developer and Building Contractor, with a fantastic reputation for delivering quality property HMO CONVERSIONS. HMO (House of multiple occupancy) is one of the fastest ways to increase the value of your property by converting it for HMO use. We pride ourselves on longstanding successful relationships and being able to deliver and advise on HMO conversion projects with transparency and clarity.
HMO Conversion projects are an opportunity to employ all of our Core Services:
HMO Investment Developer services to source suitable properties, arrange investment to be in place, carry out complete feasibility studies and preparing the property ready for marketing and letting.
Design & Project Management to carry out your HMO conversion from start to finish.
Design and Build Contractor to undertake the HMO conversion and delivering exactly to your specifications. All trades are organised in house and all works are finished to a guaranteed high quality.
Property Maintenance to carry out repairs and general maintenance on rented out properties. This includes our special 24hrs maintenance services.
Our HMO Conversion services can include design, supply and install of:
All structural work (brickwork repairs, steelwork)
Our company has built up a fantastic reputation for the projects we have successfully delivered across Greater Manchester and the rest of the UK. We believe that choosing the right building contractor is so important. In choosing us, you can have full confidence in the high quality and reliability of our work.
Start your development journey with us - DESIGN | BUILD | INVEST with M Square Developments.
Great Reasons for carrying out a HMO CONVERSION
Tootal Road HMO
3 bedroom Family home converted to an 8 bed, all en-suite HMO and large open plan kitchen / diner.
Location: Tootal Road, Salford, M4
Rental Income: £3,800 PCM offering 11% Yield
Duration: 16 WEEKS
Scope: Brick and blockwork, extended to front, basement conversion, loft conversion, full rip out and new floor joists, steelwork, windows and doors, electrical re-wire and boiler.
Rental yields can be as much as three times higher than letting out a property before conversion.
Property being vacant will be less as one tenant could move out while other rooms still have tenants.
Tenant demand for flexible housing is increasing as the average size of a typical ‘household’ is declining.
Rooms can be offered at more affordable rates than letting a whole property which is able to better meet demand for affordable housing.
There is less exposure if a tenant falls behind on their rent as there are still other tenants that are still paying, meaning a continual healthy cashflow.
Choosing the right Investment Developer is so important - you can have full confidence in our knowledge of the market as we turn properties into strong high yielding investments.