HMO valuations
Property Investment

Kate H
Kate H
0 Thanks
1 Posts
1 year ago

Hi everyone,

I've had a survey completed on a HMO I have under offer. The details on the valuation do not say if a HMO or a residential survey was completed. The problem is that the asking price is �£173k and the valuation is for �£150k.

The surveyor did make a note that they have seen the HMO licence and so I'm presuming this isn't to do with not being compliant as AST's (for sitting tenants) and the licence are in place and I've also seen them.

The valuation was based on comparables.

My question is for anyone who has been in a similar situation or has experience of this issue, does a HMO valuation take into account the HMO status or is it just bricks and mortar i.e like a 'normal' residential - my thinking is that this will define if this is still a good deal or not.

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