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Winchmore Hill, N21

Case Study: Cost-Effective HMO Upgrade with Guaranteed Rent in North London

Overview

Revive Property partnered with a landlord in Winchmore Hill, N21, to transform a dated six-bedroom HMO into a high-demand, professionally managed property, all without requiring a full upfront refurbishment.

The landlord was struggling with ongoing void periods, rising maintenance issues, and inconsistent income. Working within a tight budget, our team provided a phased refurbishment solution, introducing Guaranteed Rent room-by-room and ensuring continuous income throughout the process.

The result? A fully let, low-maintenance property now home to quality professional tenants, and a landlord enjoying reliable, stress-free rental income.

Find out more about our HMO management services in North London here.

The Challenge – A Dated HMO with Income Insecurity

The landlord approached Revive Property with a six-bedroom HMO that had begun to underperform. The interiors were tired and mismatched, making it harder to retain good tenants. The property was still tenanted, but rental income was inconsistent, and maintenance issues were becoming more frequent.

They needed a solution that would allow for gradual improvements without the financial risk of empty rooms or costly upfront works. Long-term stability was a key priority.

Our Approach – Strategic Upgrades with Zero Void Periods

Phased Room Refurbishments

We worked around existing tenancies to minimise disruption and retain cash flow. As tenants moved out, we:

Refreshed each room with new furnishings, paint, and layout improvements
Delivered light-touch makeovers designed to appeal to working professionals
Completed each turnaround within two weeks, keeping the property fully occupied

Guaranteed Rent Implementation

With each room upgraded, we added it to our Guaranteed Rent scheme, giving the landlord peace of mind and eliminating the stress of finding new tenants or managing arrears.

Ongoing Compliance and Management

Our team handled all tenant communications, maintenance, and compliance, including:

Regular inspections
HMO licensing guidance
Professional tenant vetting
Fire safety and property upkeep

Guaranteed Rent – A Reliable Solution for Landlords

Our Guaranteed Rent model allowed the landlord to:

✔ Receive rent every month, regardless of occupancy
✔ Eliminate the risk of void periods and late payments
✔ Avoid the pressures of self-managing tenant issues and repairs
✔ Improve the property without a full renovation budget

Each room was transitioned seamlessly, keeping income flowing throughout.

See Guaranteed Rent Services

Results & Landlord Satisfaction

The property was fully upgraded over a two-month period, with:

100% occupancy throughout the process
All rooms now under our Guaranteed Rent scheme
Zero arrears and zero voids
A new professional tenant profile across all six rooms
A transformed HMO that now meets professional standards and attracts long-term renters

The landlord now benefits from secure monthly income, minimal involvement, and a more desirable, better-performing asset in one of North London’s most in-demand neighbourhoods.

Just a short walk from Winchmore Hill station, the property is ideally located for professionals seeking calm surroundings with fast links to Central London, helping ensure ongoing tenant demand.