An HMO's headline rent looks great until you take off the bills you pay, the empty rooms, management and licensing. Put in the rooms and the running costs and see the yield and cashflow that's actually left. No sign-up.
PropertyPredator checks the address for Article 4 directions, conservation areas and listed buildings, shows real sold prices on the street, and runs the HMO through the full Deal Analyser. Article 4 and other planning-constraint checks are for England; the rest covers postcodes in England, Wales and Scotland.
In England, a mandatory licence is needed when five or more people from more than one household share the property. Many councils also run additional licensing for smaller HMOs. Scotland and Wales have their own rules. Check with the council before you buy.
In England, turning a house into a small HMO (three to six people) is usually permitted development, unless the council has an Article 4 direction that removes it. Seven or more people normally needs planning permission. That's why the Article 4 check matters before you make an offer.
Because the conversion money, stamp duty and fees are part of what you spent. Measuring on the price alone flatters an HMO that needed heavy work.
No. It's a calculator using the figures you enter. Always do your own due diligence and take professional advice before buying.