Residual appraisal
Room schedule & rent roll
HMOs are valued on income per room, not £/sqft. Enter the lettable rooms and the achievable rent for each. The rent adjustment slider flexes every room at once.
| Room type | No. | Size (m²) | Rent £/month | Annual gross | |
|---|---|---|---|---|---|
| Total |
Licensing: an HMO with 5 or more occupants forming more than one household requires a mandatory licence; smaller HMOs may need one under an additional licensing scheme. Check whether an Article 4 direction removes permitted development rights for C3→C4, and whether the use is C4 or sui generis. Confirm before relying on this rent roll.
Net operating income
Gross rent less voids and operating costs. NOI drives both the capital value on completion and the refinance.
Capital stack
Two-tranche only — senior development debt at 67.5% LTC (land + construction + fees), balance sponsor equity. No mezzanine.
Sensitivity 1 — rent × yield
Sensitivity 2 — rent × build cost
Planning & risk register
HMO-specific consenting and operating risks. Red-flag anything that threatens the income or the residual.
Authority:
Use class:
Article 4: