Property investing can feel like a big step when you are starting with no experience.
There are strategies to understand, numbers to work through, refurbishments to manage and decisions to make along the way. For many people, that uncertainty is what stops them from getting started.
But Sourced Property Partners Sajith and Fahad are a brilliant example of what can be possible with the right training, support and network behind you.
Just 18 months after joining Sourced, 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.
And after just six months, they have now secured their first tenant.
From a £140,000 terrace to a 6-bed HMO
Sajith and Fahad purchased the property for £140,000.
At the time, it was a standard two-bedroom terraced house. But with the right strategy and a clear plan, they saw the opportunity to turn it into something with much stronger rental income potential.
Over six months, the property was 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 yearly rental income.
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 the power of combining the right property strategy 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, HMOs can offer strong rental income because the income is generated from several rooms rather than one single tenancy.
That is why HMO projects are often used by investors who want to create long-term, recurring income from property.
However, HMOs are not something to take on without understanding the process. Investors need to think about refurbishment costs, licensing, compliance, tenant demand, layout and ongoing management.
This is where being part of a wider property network can make a real difference.
Starting in property with no experience
One of the most inspiring parts of Sajith and Fahad’s story is that they did not start as experienced property investors.
They joined Sourced with no previous property experience.
Through the Sourced model, they were able to access training, systems, support and a wider network of people who understand property. This helped them build confidence, understand the numbers and take action on real projects.
Their six-bedroom HMO is now projected to generate £46,800 in yearly rental income, creating a long-term income stream that could support them and their family for years to come.
What this means for new property investors
Every successful property investor starts somewhere.
For Sajith and Fahad, that journey started with the decision to take action and surround themselves with the right support.
Their story shows that getting started in property does not have to mean doing everything alone. With the right guidance, training and network, new investors can learn how to assess opportunities, choose suitable strategies and build real assets.
A two-bedroom terrace has now become a six-bedroom HMO with a commercial valuation of £466,000 and projected yearly rental income of £46,800.
That is the power of having a clear strategy and the right people around you.
Looking to start or grow your own property journey?
Whether you are completely new to property or looking for more support with your next project, the Sourced franchise model is designed to help Partners build confidence, access training and take action with support behind them.
Sajith and Fahad’s story is just one example of what can be possible through the Sourced network.
If you are ready to build something of your own, speak to your local Sourced Partner to find out more about the support, training and opportunities available through Sourced.
Frequently asked questions
How much rental income is the HMO projected to generate?
Sajith and Fahad’s 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 was converted into an HMO?
The project started as a £140,000 two-bedroom terraced house before being converted into a six-bedroom HMO.
What does HMO mean?
HMO stands for House in Multiple Occupation. It is a property rented to multiple tenants who usually have their own bedroom and share communal areas.
Can you start investing in property with no experience?
Yes, but the right training and support are important. Sajith and Fahad joined Sourced with no previous property experience and have now completed their second project.
How can Sourced help new property investors?
Sourced gives Partners access to training, support, systems and a wider property network, helping them understand property strategies and take action with more confidence.