Grow Your Portfolio by Investing Outside of London
Earn Up to £27,000/year from Hands-Off HMO Conversions in the East Midlands
Fully managed HMO conversion projects which are let to Government-funded housing providers on 5-year contracted tenancies once works are completed.
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Previous Investor Projects
Newark, Nottinghamshire
£122,000 5 year Contracted Rent
A 2 to 5 bed HMO conversion for one of our repeat investors. Looking to expand their portfolio from standard buy to let flats around London to include high-yielding HMOs in the Midlands with contracted rental income and hands-off management from social housing tenancies.
Purchased £135k
£75k Refurb Budget
12 Week Project
£24.4k Rental Income p/a
Cash Invested - £222,000
Chesterfield, Derbyshire
£138,500 5 year Contracted Rent
A 2 to 5 bed HMO conversion for one of our repeat investors. Looking to expand their portfolio from standard buy to let flats around London to include high-yielding HMOs in the Midlands with contracted rental income and hands-off management from social housing tenancies.
Purchased £165k
£75k Refurb budget
12 Week project
£27.7k Rental Income p/a
Cash Invested - £252,000
Corby, Nottinghamshire
£119,500 5 year Contracted Rent
A 2 to 5 bed HMO conversion for one of our repeat investors. Looking to expand their portfolio from standard buy to let flats around London to include high-yielding HMOs in the Midlands with contracted rental income and hands-off management from social housing tenancies.
Purchased £165k
£62k Refurb budget
10 Week project
£23.9k Rental income p/a
Cash Invested - £239,000
Ilkeston, Derbyshire
£124,000 5y Contracted Rent
A 2 to 5 bed HMO conversion for one of our repeat investors. Looking to expand their portfolio from standard buy to let flats around London to include high-yielding HMOs in the Midlands with contracted rental income and hands-off management from social housing tenancies.
Purchased £138k
£75k Refurb budget
12 Week project
£24.8k Rental income p/a
Cash Invested - £225,000
Want to add a property like this to your own portfolio?
Frequently Asked Questions
1. Who pays the rent?
The social housing provider is your tenant, not the people living in the property.
The provider is government funded and uses this money to pay your rent directly to you each month for the length of the contract.
2. How long are the contracts?
5 years.
3. Do I need a letting agent?
No, the social housing provider manages the property and the occupants living in it. You do not need to pay for a letting agent so you keep more of the rent as your profit each month.
They will also arrange any repairs where they don't carry them out with their own maintenance teams. Making it as hands-off as possible for you as the owner.
4. Who pays for the maintenance?
The social housing provider covers most of the running repairs in the property under the contract, some even cover repairing the boiler.
Each provider has different contracts so they don't always cover the same repairs. It's important to read the contracts thoroughly for each property to understand who is responsible for what.
They do not cover structural repairs, these remain the responsibility of the landlord but you must take out buildings insurance which could cover some of these repair costs.
5. Who pays for damages?
The social housing provider. They are contracted to pay for all damage to the property by the occupants.
6. Who pays for the bills?
The social housing provider pay for all of the bills directly with suppliers.
7. Do I need insurance?
Yes, you need to have an insurance policy on the property as per the terms of the contract with the social housing provider.
8: Where are the properties located?
All of the properties we work with are in the East Midlands. We work directly with the social housing providers to secure projects in areas where they have current demand for new properties.
9: Can I buy with a buy-to-let mortgage?
The projects are exclusive to cash buyers due to the timescales needed to complete on the purchase and complete the build process.
10. Can I buy through a limited company?
Yes, you can buy through a limited company.
11: Who owns the property?
You purchase the property from the current owner. You own 100%.
The transaction is done through the solicitors in the same way as any other property transaction and you would become the new legal owner once conveyancing is complete.
Once you own the property, Bluerock Developments handle all of the renovations and changes that need to be made as part of our end-to-end project management service as well as securing the lease directly with the social housing provider once the works are complete.
12: Are these rented by the local council?
No, these are let to large private companies who become your tenant, they then house service users within the property. These companies have been awarded contracts from the UK government along with funding to provide this accommodation.
Ideal for investors based outside of the East Midlands
Complete End-to-End Renovations
Our skilled build team manages every aspect of the process, ensuring that each HMO conversion meets the high standards required for social housing. With a proven track record of successful projects, we are committed to delivering quality results you can trust.
Many of our clients are located in London, wanting to secure higher returns on their investment but struggle when looking at properties outside their local area due to the lack of a trustworthy build team. That's where we step in to provide the dependable support they need when investing in the East Midlands.
How Does It Work?
We find the property, manage the build and secure your contract.
We Source The Property
We work with social housing providers in the East Midlands when they need to sign new 5 year contracts. We go out and source properties in the area that are suitable to be converted into HMOs and spec the renovations that will be needed.
You Purchase & We Do The Work
You purchase the property directly from the current owner. Once completed, our build team handles the project end-to-end, turning your new property into a fully compliant and social housing ready HMO, even including the furnishings!
We Secure The Contract
We work with the social housing provider on your behalf to finalise your 5 year contract and complete the snagging and sign-off process so the occupants can move in. Once signed, you start getting paid 100% of the rent from day 1.
Hear From Our Previous HMO Investors
As a first time investors, I was cautious of what to expect. Alex and the team have made it so easy and the process so transparent. Sourcing, securing, complete refurb management including planning etc, handing over to letting agent - nothing but efficiency and courtesy all the way. I'd no hesitation in using Bluerock again, and happy to give a reference.
★★★★★
Greg M
I first met Alex in the spring of 2025 and having been very impressed with his professionalism and openness we agreed to use his services to source and refurbish a property for our first HMO.
Throughout the process Alex has been easy to contact and always made the time to talk through any questions we had. Overall, and along with his build team, he has done a great job for us in delivering all that was promised.
Most importantly he has proven to be honest and trustworthy and we would certainly use him again should we take on another project.
★★★★★
Chris S
I have no complaints with Bluerock, they have been transparent broker for my investment properties that I have purchased with them. I will definitely be using Bluerock again, as my go to property investment specialists.
★★★★★
G Griffiths
HANDS-FREE AND HIGH YIELDING OFF MARKET HMO PROPERTIES ACROSS ENGLAND.