Investment specialists in premium student living
Invest with us to create quality shared homes and generate high returns
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We only invest in student HMOs in Bath
Why student HMO's?
- Resilient and stable demand: Student housing demand remains consistently strong and provides a consistent, reliable letting cycle.
- Income generation: Premium HMO's are a proven route to a high cashflow investment strategy.
- Significant investments: The UK student housing sector attracted £7bn in 2022 and HMOs offer a well understood platform for raising investor finance.
Why the city of Bath?
- Supply shortages: Bath rents are 36% higher than the UK average driven by high demand for a limited supply of premium homes.
- High GDV's: Premium HMOs consistently achieve valuations beyond £100k per bedroom.
- We love Bath! A beautiful, thriving city with multiple long-standing and prestigious academic institutions and a reliable tourist economy.
Our approach
- Purchase existing family homes (C3 use class) in need of refurbishment.
- Transform them into licensed, 6-7 bedroom HMO's with planning. Achieve rents in the top 5% through thoughtful architectural and interior design.
- Recycle capital efficiently by achieving commercial refinance valuations unpinned by a quality product and robust Bath student market fundamentals.
Who we are
Andrew is an entrepreneurial leader with a track record in high growth, property related businesses. As one of the first employees at onefinestay.com he created a new category of upscale city accommodation, offering visitors the chance to stay in a distinctive London home with the service of a hotel. The company grew to 250 staff with operations across 4 cities in 4 years prior to an acquisition by Accor Hotel Group. Subsequently, Andrew ran International operations for Houzz.com where he helped thousands of home design & build firms, grow and manage their businesses.
Andrew Small
Katie was previously group marketing director at M&C Saatchi and Iris Worldwide. She is a trained coach, commissioned artist and owner of OSO Fashion Boutique in Salisbury. Andrew and Katie live together with their three boys in the New Forest but originally met whilst studying for a Business degree at the University of Bath where they fell in love with the city. Katie started investing in HMOs in 2021. Having purchased two HMOs in Bath they have now launched Harthill Homes as a vehicle for growing a portfolio for incoming generating, upscale student HMOs in a city they love where demand for premium accommodation is high.
Katie Small
Investor Services
Sourcing & project management
Turnkey HMO portfolio building service:
- Complete end-to-end HMO sourcing and set-up
- Sourcing, planning, development, licensing, tenant find
- 25% ROI (on cash-flow) + capital gains
Investor services
10% return fixed term loans
Fixed term investments:
- 10% returns on fixed-term loans of six or twelve months
- Unpinned by a secure asset purchase and refurbishment.
- Learn about HMO investment passively
OUR PROVEN APPROACH
We are experts in the "BRRR" strategy
Buy - Refurbish - Refinance - Rent
01
Buy
- Source property at below to at market value based on deep understanding of Bath.
- Obtain planning consents for conversion to HMO
- Engage power team to plan design and build
02
Refurbish
- Detailed architectural and interior plans supported by experts with deep understanding of HMOs
- Fully costed schedule of works and visuals. Tender and agree firm fixed price build quote
- Build project management
03
Refinance
- Leverage specialist broker relationships to achieve target refinance valuation
- Strong knowledge of realistic local market valuations
- Deliver target GDV, cash-out and investment ROI
04
Rent
- Full tenant find with longstanding local partners
- Contracts and referencing
- HMO licensing application support (fire, gas, electrical, inspections)