General (main property discussion here) - Valuing HMOs or I suppose any let property

I have three properties that are registered HMO's (Houses of multiple occupation), a total of 18 tenants generating an above average income per annum.

I am considering selling them and whilst I can easily establish what they are worth as residential properties I want them valued as potential investment businesses.

Does anybody know where I can go to obtian this service? I am based in Basingstoke Hampshire.

I look forward to hearing from you.

Regards

Julian Sayer

Value is so hard, Julian. Being trite, it's whatever people are willing to pay.

The one area where it differs largely from the owner-occupier mnarket is when the yield is particularly attractive, and there are fantastic tenants installed. Then I'd pay a premium for the opportunity.

Best regards

John

A difficult one indeed. I personally would not pay much of a premium for a property because it shows a good return.

I only pay market value as if it were an empty house because however good a tenant might be they may leave day after completion. Additionally if the area supports a good rental then I may aswell just buy a similar house and tenant it myself.

I don't believe they have any value as a business as with commercial properties because of the above.

Sorry to sound so negative - just my opinion.

Good luck

Russell

Where are the properties and how much would you sell them for. I may be interested. BTW why are you selling them? Regards ruth

Thanks to all those who replied - much appreciated.

I have taken on board your comments and based upon this and other professional advice, I am now comfortable that I have settled upon a fair price that provides a potential investor with a genuine opportunity and reflects the effort we have put in to establishing our portfolio.

take a look for yourself - view "Surelet" in the portfolio section of this site.

Kind regards

Julian