Case Studies
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Recent Projects & Transformations
From ordinary residential property to HMO assets.
Explore selected projects showcasing how strategy, design and refurbishment can transform
residential properties into well-designed HMO accommodation.
Understanding Our Case Study Breakdowns
To keep our case study figures clear and easy to compare, we group project expenses into
streamlined professional categories. Below is what is included under each term:
Turn-Key Service Fees
Covers the complete end-to-end management of the project
lifecycle, including initial BMV sourcing, architectural drawings, interior design, contract
and project management, staging, and professional photography.
Professional & Statutory Fees
Refurbishment & Build Costs
Final Fit-Out & Furnishings
- Case Studies
Recent HMO Transformations
CURZON STREET, RG30 1DA
3-bed, 1-bath converted to 7-bed, 7-bath HMO
Purchase Price
£303,000
Date of Purchase
October 2025
Professional & Statutory Fees
£12,000
Stamp Duty & Legal Fees
£20,300
Turn-Key Service Fees
£54,000
Refurbishment & Build Costs
£225,000
CATHERINE STREET RG30 1DG
3-bed, 1-bath Converted to 7-bed, 7-bath HMO
Purchase Price
£310,000
Date of Purchase
November 2025
Professional & Statutory Fees
£12,000
Refurb Cost
£21,000
Turn-Key Service Fees
£42,000
Refurbishment & Build Costs
£190,000
CURZON STREET , READING RG30 1DA
3-bed, 1-bath converted to 6-bed, 6-bath HMO
Purchase Price
£300,000
Date of Purchase
March 2023
Professional & Statutory Fees
£10,200
Stamp Duty & Legal Fees
£13,000
Turn-Key Service Fees
£33,150
Refurbishment & Build Costs
£180,000
KENSINGTON, READING RG30 2SZ
3-bed, 2-bath converted to 6 beds, 6 baths HMO
Purchase Price
£318,000
Date of Purchase
July 2024
Professional & Statutory Fees
£12,200
Stamp Duty & Legal Fees
£21,800
Turn-Key Service Fees
£37,800
Refurbishment & Build Costs
£149,000
SHERWOOD, ABINGDON OX14 3NL
3-bed converted to 4-bed HMO
Purchase Price
£290,000
Date of Purchase
December 2021
Professional & Statutory Fees
£9,000
Stamp Duty & Legal Fees
£19,000
Turn-Key Service Fees
£18,000
Refurbishment & Build Costs
£106,000
WILSON, READING RG30 2RW
3-bed, 1-bath converted to 5-bed, 4-bath HMO
Purchase Price
£338,000
Date of Purchase
December 2021
Professional & Statutory Fees
£9,600
Stamp Duty & Legal Fees
£16,000
Turn-Key Service Fees
£31,200
Refurbishment & Build Costs
£120,000
WILTON ROAD, RG30 2SS
3-bed converted to 6-bed, 6-bath
Purchase Price
£300,000
Date of Purchase
March 2025
Professional & Statutory Fees
£12,000
Stamp Duty & Legal Fees
£21,400
Turn-Key Service Fees
£42,000
Refurbishment & Build Costs
£140,000
PROSPECT RG4 8JB
3-bed converted to 6-bed, 6-bath HMO
Purchase Price
£425,000
Date of Purchase
July 2024
Professional & Statutory Fees
£10,800
Stamp Duty & Legal Fees
£32,500
Turn-Key Service Fees
£37,800
Refurbishment & Build Costs
£150,000
SACKVILLE STREET, RG1 1NT
3-bed converted to 6-bed, 5-bath HMO
Purchase Price
£342,000
Date of Purchase
Dec 2024
Professional & Statutory Fees
£10,800
Stamp Duty & Legal Fees
£24,200
Turn-Key Service Fees
£37,800
Refurbishment & Build Costs
£150,000
KNIGHTON CLOSE, READING RG4 7SZ
5-bed, 1-bath flipped to 5-bed, 5-bath Family Home
Purchase Price
£400,000
Date of Purchase
April 2021
Final Fit-Out & Furnishings
£ 30,000
Stamp Duty & Legal Fees
£6,600
Total Start-Up Cost
£150,000
Refurbishment & Build Costs
£120,000
LANCASTER SQUARE, HUNGERFORD RG17 0AH
Purchase Price
£160,000
Selling Date
July 2021
Refurbishment & Build Costs
£32,000
Date of Purchase
August 2015
Sold for
£265,000
RYLSTONE ROAD, READING RG30 1LN
Purchase Price
£300,000
Selling Date
September 2021
Refurbishment & Build Costs
£30,000
Date of Purchase
September 2020
Sold for
£350,000
CARLISLE HOUSE, OXFORD RG1 7NG
4 x one-bedroom apartments converted to 3 x 2-bed apartments and 1 x 5-bed apartment)
Purchase Price
£720,000
Date of Purchase
January 2026
Professional & Statutory Fees
£12,000
Stamp Duty & Legal Fees
£62,000
Turn-Key Service Fees
£42,000
Refurbishment & Build Costs
£469,350
VACHEL ROAD, READING RG1 1NY
4-bed, 2-bath converted to 6-bed, 6 bath Service Accommodation
Purchase Price
£460,000
Date of Purchase
March 2025
Professional & Statutory Fees
£12,000
Stamp Duty & Legal Fees
£33,000
Turn-Key Service Fees
£42,000
Refurbishment & Build Costs
£120,000
STANSHAWE, RG1 1PB
2-apartment property converted to 3-bed + 6-bed Service Accommodation
Purchase Price
£430,000
Date of Purchase
July 2025
Professional & Statutory Fees
£12,000
Stamp Duty & Legal Fees
£35,000
Turn-Key Service Fees
£42,000
Refurbishment & Build Costs
£220,000