One of the newest services offered by Prospect is Prospect Rooms. Using our network of offices and teams of skilled negotiators we can fill your vacant rooms quickly. Prospect Rooms is a perfect solution for HMO’s  (Homes of Multiple Occupancies) enabling you rent rooms quickly and for the best possible rate.

HMO Room Rents

One of the primary goals when purchasing an investment property is to gain the largest monthly passive income possible. More and more investors are purchasing properties which are suitable to be converted or rented as a HMO property. So why are HMO's becomming so popular? If a 4 bedroom property is purchased in a university area, it is possible to convert this to a dwelling for 5 occupants. The combined room rent far exceeds the amount you are able to achieve on letting the entire property... so it makes financial sense and adds security to your income. Even though this is the case, when your portfolio starts to grown, finding room tenants and managing the property can be difficult.

Why Prospect Rooms? 

Prospect rooms is a totally new service within estate agency, showing yet again that prospect are at the forefront of innovation within the property market. When purchasing a property suitable for HMO, we will first advise you (if required) any changes that need to be made in order to fulfill legal requirements for multiple occupancy properties and anything that can be done to increase the rental income.

Our Rooms service will treat each of the room lets with the same service offered by our property management; with quarterly house visits to ensure everything is kept in order as well as being a point of contact if any issues within the property when required. Our service will be marketed just like our residential property lettings, via newspapers, on our prospect.co.uk website (that receives in excess of 1200 visitors a day) and direct with universities and corporate companies in the local vicinity.

If you would like to receive more information on renting your rooms via the Prospect Rooms then feel free to contact us on 0118 955 9712 or by email on rooms@prospectinvestorsclub.co.uk.