Owned and operated as an HMO since 2004.
Andover has a very low unemployment rate and as such finding tenants couldn’t be easier.
I rarely need to source tenants myself as most of the current tenants work together and prefer to live with people they know from work. As such there is a fairly low turnover of tenants lived there for almost 10 years, the others have lived there for 2-4 years.
From the owner “In recent years, there has been barely a day or so between one tenant leaving and another moving in. This arrangement also has the benefit of the residents living together more harmoniously. The property had a new bathroom and two bedrooms were re-carpeted this year and the communal areas benefited from a reaint recently. All tenants are Polish speaking but also speak excellent English. There is a small easily manageable back garden, mainly paved with a shed and plenty of communal parking.”
Licence renewed this year.