Planning for HMOs: Opportunities and Pitfalls
HMOs remain an attractive investment vehicle for many developers and, in some parts of the UK, the strength of rental values and the local market for student- or professional-lets compounds this attraction and outperforms build-to-sell strategies or self-contained flats.
In looking for such opportunities, it is important to be mindful of the planning issues and opportunities often engaged. Therefore, this article offers a reminder of these points from our experience.
‘Major’ Challenges: How We Added £10m in Value Through Planning
Last month, we took readers through a recent client success story involving a site with a single storey small community hall in which we secured consent for 9 new apartments and a health centre.
Continuing this story, we now move on to the next stage of the project, which recently resulted in a consent for a new 3-storey development comprising 20 new apartments in North London, making use of changes to the Use Classes rules (as well as other planning strategies) along the way. In total, permission for the scheme has added approximately £10 million in development value to the site.
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