Like many people starting out, they had ambition, but they needed the right training, support and network around them to turn that ambition into action.
Fast forward to today, and they have completed their second property project: transforming a £140,000 two-bedroom terrace into a six-bedroom HMO projected to generate £46,800 in yearly rental income.
From two-bedroom terrace to six-bedroom HMO
Sajith and Fahad purchased the property for £140,000.
At first, it was a standard two-bedroom terraced house. But with the right strategy and support, they saw the opportunity to create something with much stronger long-term income potential.
Over six months, the property was fully refurbished and converted into a six-bedroom HMO.
The finished project has now received a commercial valuation of £466,000 and is projected to generate £46,800 in rent each year.
That works out at an average of £3,900 per month in projected rental income.
The project figures
Purchase price: £140,000
Refurbishment costs: £200,000
Commercial valuation: £466,000
Projected yearly rental income: £46,800
For Sajith and Fahad’s second ever property project, these figures show what can be achieved when the right opportunity is paired with the right support.
Why HMO projects can create strong rental income
An HMO, or House in Multiple Occupation, is a property rented to multiple tenants, usually by the room.
For property investors, this can create stronger rental income than a standard single-let property because the income is generated from several rooms rather than one tenancy.
But HMO projects also come with more moving parts. Investors need to consider layout, refurbishment costs, licensing, compliance, tenant demand and management.
That is why having the right guidance matters.
For Sajith and Fahad, joining Sourced gave them access to training, support and a wider network to help them move forward with confidence.
Starting in property with no experience
One of the most powerful parts of this story is where Sajith and Fahad started.
They did not join Sourced as experienced property investors. They joined with no property background and a goal to build something of their own.
Through the Sourced model, they were able to learn, take action and work towards real projects with support behind them.
Their six-bedroom HMO is now projected to generate £46,800 in yearly rental income, creating a long-term income stream that could continue to support them and their family for years to come.
Watch Sajith and Fahad’s journey
We visited Sajith and Fahad at their finished HMO to talk about their journey, the support they received, the project figures and their future plans.
Their story is a brilliant example of what can happen when new property investors stop trying to figure everything out alone and start building with the right people around them.
Watch the full video to see how Sajith and Fahad turned a £140,000 terrace into a six-bedroom HMO projected to generate £46,800 a year.
Frequently asked questions
How much rental income is Sajith and Fahad’s HMO projected to generate?
Their six-bedroom HMO is projected to generate £46,800 in yearly rental income, which works out at an average of £3,900 per month.
What type of property did they buy?
They bought a two-bedroom terraced property for £140,000 and converted it into a six-bedroom HMO.
What type of property did they buy?
An HMO, or House in Multiple Occupation, is a property rented to multiple tenants who usually have their own room and share communal areas.
Can you start investing in property with no experience?
Yes, but support and training are important. Sajith and Fahad joined Sourced with no previous property experience and completed this HMO as their second project.
Author
Chris Kirkwood
