Insights ·
BTL vs HMO vs commercial income
How we split tickets, and which numbers belong on which pack.
One deal-room, two tickets, four residential products and three commercial shapes. Mixing the metrics is how packs lie without using banned adjectives.
Residential — £150k–£2m
BTL. Face metrics: price, GDV, rent, gross yield on price and on all-in, BMV versus GDV. Breakers: void, capex overrun, rent 10% light. See the worked example.
HMO. Same plus licence status, room count, management intensity. A headline yield that ignores management is not a pack, it is a poster.
BRRR. Purchase, works, GDV, refinance haircut. If GDV is a hope without a works schedule, the gated file is empty.
Blocks. Unit mix, rent roll, service charge, roof and M&E. One yield on four tired flats is not analysis.
Commercial — £500k–£10m
Long-income, industrial/trade counter, roadside/convenience. Face metrics: price, NIY, WAULT, cap band, tenure. Breakers: covenant, re-let void, repairing scope, planning use, rent review pattern.
We will not print a residential-style “yield on asking” onto a 14-year drive-thru and call it the same product. The sample cards on /deals keep the columns honest: GDV/NIY, yield/WAULT, BMV/cap.
Not financial advice. Sourcing fee. Sample numbers on this site are pack format.