Our Portfolio · 项目案例

Real Deals. Real Returns.

Three case studies showing how JML London Property creates exceptional yields through HMO conversion, flat splits, and creative deal structuring — including no-money-down strategies.

HMO Conversion Flat Split No Money Down Loft Extension BRRRR Strategy
Case Study 01
Hook Road
Chessington · 7-Bed HMO
30.78%
Annual ROI on cash retained (£130K)
Case Study 02
Cannon Hill Lane
· 2 Flats + 8-Bed HMO
∞ ROI
Annual ROI on cash retained (£87.5K)
Case Study 01 · Chessington

Hook Road — 7-Bed HMO

A full HMO conversion on Hook Road, Chessington — purchased at £439,000 and converted into a 7-bedroom licensed HMO. After refinancing at £750,000 GDV, all but £130,101 of capital was returned. A 30.78% annual ROI on retained cash.

Before
Standard Residential Property — £439,000
→
After
7-Bedroom Licensed HMO — £750,000 GDV
Hook Road exterior
Hook Road — Exterior
Hook Road bedroom
Bedroom interior
Hook Road shared kitchen
Shared kitchen
💰 Acquisition & Cost Summary
Purchase Price£439,000
Purchase Costs£33,400
  — Stamp Duty£31,400
  — Legal Fees£2,000
Refurbishment & Build£220,201
  — GF Extension£177,135
  — 2nd Fix & Internal£38,216
  — Professional Fees£4,850
Total Cash Invested£378,277
Refinance Valuation (7-Bed)£750,000
Remortgage at 75% LTV£562,500
Purchase Finance Repaid£314,324
Cash Released£248,176
Cash Retained in Deal£130,101
£248,176 returned after refinance — only £130,101 remains in the deal generating a 30.78% annual ROI.
📊 Monthly Income & Expenses (7-Bed)
Gross Monthly Rent (7 rooms) +£6,700
Commercial Mortgage (5.34%) −£2,553
Council Tax & Utilities −£670
Cleaning −£140
Net Monthly Income £3,337
Net Annual Income: £40,042  |  Gross Annual: £80,400
30.78%
Annual ROI on Retained Cash
£40,042
Net Annual Income
£130,101
Cash Retained in Deal
Strong BRRRR outcome.
Purchased at £439,000, converted to a 7-bed licensed HMO, and refinanced at £750,000 GDV. Over £248,000 returned on remortgage — leaving only £130,101 working in the deal, generating £40,042 net per year.

Deal Highlights

💰 Strong capital recycling: £248,176 returned after refinance — 65.6% of total cash invested recovered and freed for the next deal.
📈 £311,000 value uplift: Property revalued at £750,000 after conversion — a 71% increase on the £439,000 purchase price, driven by HMO licensing and ground-floor extension.
🔄 BRRRR Strategy executed: Buy → Renovate → Rent → Refinance → Repeat. Capital is freed and ready to deploy into the next acquisition.
🏗️ Major structural works: Ground-floor extension plus full internal refurbishment — converting a standard house into a high-spec 7-bedroom licensed HMO.

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⭐ No Money Down Deal
Case Study 02 · Raynes Park

Cannon Hill Lane — Extensions + Split into 2 Flats

A standard semi-detached house transformed through ground floor, first floor rear, and loft extensions — then split into 2 flats. Delivering No Money Down returns with infinite ROI.

Before
3-Bed Semi-Detached House
→
After
Ground + First Floor + Loft Extensions → 2 Flats (in progress)
Cannon Hill Lane before renovation
Before — Original House
Cannon Hill Lane after extension
After — Extensions Complete
1
Planning Application

Multi-stage planning for extensions and split

2
Ground Floor Extension

Rear ground floor extension completed ✓

3
First Floor Rear Extension

First floor rear extension completed ✓

4
Loft Extension

Loft extension completed ✓

5
Split into 2 Flats

Legal split into 2 x flats — in progress

6
Let & Refinance

8-person HMO tenanted, refinance at uplift value

💰 Acquisition & Cost Summary
Purchase Price£620,000
Purchase Costs£40,000
Renovation & Extensions£300,000
Total Project Cost£960,000
Mortgage£465,000
Own Cash Used£495,000
New Valuation£1,300,000
Remortgage£975,000
Cash Returned£510,000
Cash Retained (No Money Down)−£15,000
📊 Monthly Income & Expenses
Gross Monthly Rent£9,500/mo
Total Gross Monthly Rent +£9,500
(HMO only shown for P&L)
Mortgage Interest −£4,300
Utilities −£500
Council Tax −£200
Cleaning −£120
Net Monthly £4,380
Net Annual: £52,560  |  Gross Annual: £114,000
∞
ROI — No Money Down
£52,560
Net Annual Income
−£15K
Cash Left In (Returned profit)
No Money Down — All capital returned + £15K profit on refinance
After extensions and split into 2 flats, the property revalued at £1.3M. Remortgage at £975K returned ALL £495K cash used plus an additional £15K. Net annual income: £52,560.

Deal Highlights

🧩 3-stage extension strategy: Ground floor, first floor rear, and loft extensions dramatically increased floor area before splitting into 2 flats.
🏦 No Money Down: After remortgaging at £975K against a £1.3M valuation, all £495K cash was returned plus an extra £15K profit — zero capital left in the deal.
📈 £680K value uplift: Property grew from £620K purchase to £1.3M after works — a £680K gain in asset value.
🔑 £114K gross annual rent: At £9,500/month gross, this asset generates £114,000 per year with £52,560 net — all on zero capital retained.