Hands-off HMO Portfolio in the North East

Sourced partners Dean Elder and Scott Patience, leveraging their significant construction expertise as well as a proven track record delivering high-performing HMOs over recent years. They are pleased to present a bespoke, hands-off partnership for investors looking to build a scalable HMO portfolio in the North-East without the headaches.

We find it
You buy it
We deliver it
We manage it
We co-own it with you

Powered by a proven experienced team using their own tried and tested process, which they have developed over the past 4 years with their own portfolio, you access premium shared living for students and professionals in a market with over 70,000+ students and one of the UK’s fastest-growing young professional populations. They always add value during the design and refurbishment phases by increasing bedrooms, bathrooms, and quality to uplift valuations and rental income.

How It Works
✅ Acquisition: We source high-quality HMO opportunities in prime areas.
✅ Finance: You fund the purchase and refurbishment.
✅ Delivery: We manage the refurbishment, design, and compliance.
✅ Management: We fully manage the letting and operations.
✅ Returns: Monthly income and capital growth in a co-owned structure.


Investment Summary (2 houses)
Purchase price: £400,000
GDV: £530,000
Refurb costs: £101,500
Annual Net profit: £24,031
ROCE: 22%
Yield: 10%
Min £207,100 capital investment
Security: joint ownership in a new Special Purpose Vehicle (SPV) Ltd Company
Term: each project has a typical duration of ~6 months, with equity recycling and repeat investment across a rolling multi-year portfolio strategy.
Exit and repayment plan: ongoing monthly repayments with medium-to-long term hold with capital growth

Returns Structure
First 2 Years since acquisition of the HMO, the investor will earn the total profits of the HMOs. After the two years, the total earnings are split 50-50 if the earnings are over £20,000 in net rental profits pca. If the rental profits pca are below £20,000, the investor will be granted the higher split of a flat earning of £10,000 net profit pca, and the remainder is given to the Sourced partners Dean and Scott.  In the rare occasion where the profits fall below £10,000 in rental profit pca, the full amount is given to the investors.

Why Us?
- Proven, low-void, high-demand model
- Fully managed and systemised
- Professionals and experienced delivery team in place
- Track record of premium affordable HMO delivery

Sourced reference: 566613856978844