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The Best residential to HMO conversion award looks to recognise those who have clearly identified the needs of their target tenant type within their location and have built a quality product through sustainable design that provides a quality home for their tenant type, minimising tenant turnover, long term voids and ongoing maintenance and provides the investor with sustainable total returns through uplift in capital value and net rent over the long term.

The Best Residential to HMO Cconversion award lead judge: Rod Turner

Judging Criteria

  • Demand of tenant type in the area.
  • Evidence of Sustainable design and quality build to minimise operational expenses over the lifetime of the asset.
  • Evidence of Capital uplift
  • Evidence of net profit
  • Adaptability if demand from the tenant type changes or market changes

QUESTIONS YOU WILL NEED TO ANSWER

Basic information required:

  • Applicant Name
  • Company Trading Name
  • Contact Email Address
  • Contact Number
  • Website

Company information required:

  • Description of property, how it was purchased, before and after photos and drawings.
  • Details of Capital costs, GDV, rents and operational costs once tenanted

Award specific information required:

  • How did you find and purchase the deal?
  • How did you mitigate risk through the design and conversion phase?
  • How did you identify the target market and demand vs supply?
  • What were some of the things you did at the design phase to minimise operational costs over the long term and future proof the asset?