MUDPIPER CASE STUDY
The Details
This 8-bed co-living development is one of Mudpiper’s flagship HMO projects, combining smart design, strong yields, and great tenant experience. Part funded by remote investors seeking a return on their capital with peace of mind.
It is the transformation of a 4-bedroom end-of-terrace house into a high-yielding 8-bedroom HMO (House of Multiple Occupation) in Stockport. The project, involved a comprehensive conversion, planning application, and strategic financial structuring to ensure long-term profitability.
- 4 Bedroom End of Terrace
- Planning Application to 8 bedrooms (works as a 6 if consent not given at completion)
- Sourced and Project Managed by the UK Team
- Very High Standard of build conversion.
- Area has exceptional links to Manchester via Road , Bus or Train
- Proximity to Manchester: Excellent transport links via road, bus, and train
- Target Tenant Market: Young professionals, ensuring high demand.
Before
Project Execution
From:
4-bedroom end-of-terrace house in need of conversion.
Into:
An 8-bedroom HMO (if planning approval for 8-bed wasn’t granted, it could still function as a 6-bed HMO).
- Sui Generis planning application submitted.
- 7-month build programme from start to completion.
- Design, scope of works, project management, and planning executed via UK team
- All contracts and construction were directly managed by Mudpiper Properties
- Tenant sourcing and ongoing management outsourced to a specialist HMO agent.
- Revalued on a commercial mortgage.
During
Financial Structure & Strategy
- Funding: Combination of own cash, investor funds, and bridging finance.
- Revaluation Strategy: Shifted from bridging to a commercial mortgage after project completion.
Build Quality & Facilities
- High-Standard Finishes: Designed to appeal to young professionals.
- Modern Amenities: Ensuring long-term demand and higher rental returns.
- Efficient Space Utilisation: Maximizing rental income by optimising space.
After
Summary & Takeaways
This case study showcases how a well-executed property investment strategy can transform an underutilised property into a profitable, high-yielding HMO. By leveraging:
- Strong project management
- Strategic financing
- Market-aligned design and execution, successfully converting a 4-bed property into a thriving HMO, setting the foundation for future project investments.