From acquisition and conversion to finding tenants and property management, Cloud Homes are uniquely placed to offer a truly all round professional service in this growing market. With recent changes to stamp duty and tax, HMO’s are increasingly being looked at by investors who are moving away from traditional buy to let. We work with local independent mortgage brokers who understand HMO’s and are well placed to offer advice on mortgage finance.
The local area continues to show strong tenant demand for this type of accommodation. It is ideal for people who want a single payment option to cover all bills etc but want the comforts of a furnished home.
Investors typically can earn in the region of 7 to 9% net return on total funds invested which is considerably more than the traditional buy to let investment which would net 2 to 3% in the Salisbury area.