Our acol by St David properties cater for the co-living/HMO (Houses in Multiple Occupation) sector.
The ongoing housing shortage in the UK has created unprecedented demand for accommodation in this sector, particularly from young people. With the limited number of new homes being built there is little likelihood of the housing shortage being resolved in the foreseeable future.
This has led to the proliferation of HMOs, which offer individual rooms with shared facilities such as kitchens and bathrooms.
The sector now appeals to a wide cross section of tenants. Its increasing popularity has resulted in the sector expanding in recent times and there are now over 60,000 properties operating as HMOs.
The principal attraction for HMO landlords is the secure and highly attractive rental income stream. Renting multiple rooms can result in a higher rental figure than that of a single occupancy.
Our acol properties are principally located in the north of England where rental yields are higher. They are freehold houses which we totally refurbish to provide four bedrooms (some with en-suites) and shared kitchen/dining and bathroom facilities.
They comply with all licensing and fire regulation requirements.
Importantly for our clients, we let and manage the properties to ensure their investment is a trouble-free one.
acol properties offer our clients a secure and attractive stream of between 7.5% and 10.5% p.a. after all costs.