Case Studies

JM Valuation Group specialises in the valuation of HMO conversion projects, providing both the Open Market Value (OMV) of a property and a Gross Development Value (GDV) reflecting its worth once converted. The GDV is assessed on a special assumption that the property is fully completed and operating as a compliant HMO, with key considerations including Article 4 restrictions, licensing requirements, and overall condition. Our approach combines both the comparable and investment methods to ensure a well-rounded, market-aligned valuation. Since inception, we have delivered a plethora of HMO valuations across the UK. This specific case involved a North London property, assessed for conversion from a 3-bedroom house into a 6-bedroom HMO, with all rooms benefiting from en-suite facilities.

This asset comprised a mixed-use property, with a ground floor commercial unit and residential accommodation above. Fully let at the time of valuation, it presented a strong income profile, making it an attractive proposition for investors. Mixed-use valuations form a core part of our work at JM Valuation Group. We adopt a hybrid valuation approach, combining the investment and comparable methods, while carefully considering key factors such as location, condition, covenant strength, and lease terms. This particular property was located in South London.

This instruction involved a development opportunity, comprising an existing residential property with adjoining land benefitting from planning permission for the construction of a new single dwelling. To accurately assess value, we applied the Residual method of valuation, deriving the Gross Development Value (GDV) of the completed scheme and deducting all relevant costs, including construction, fees, and developer’s profit. At JM Valuation Group, we have extensive experience in delivering clear, reliable valuations of this nature, supporting clients in assessing development viability and potential.