KoMo Properties Limited

< BACK TO ALL
CONNECT ME

About Our Business

Our mission is to help address the shortage of high-quality rental accommodation in England by providing uniquely designed, well-maintained and professionally managed accommodation whilst generating attractive returns for our investor partners.

We specialise in acquiring run-down or derelict properties, developing and adding value via planning permission and then managing the properties in-house. Our eye-catching interiors, inspired by my Caribbean heritage and our European campervan travels, are warm and summery, providing a welcoming and vibrant atmosphere unique in the markets in which we operate.

Our Company Values

KNOWLEDGE - As a lawyer, compliance is a key part of our business. We are members of several accreditation schemes, contribute to industry magazines and speak at events.

QUALITY - We use natural, hard-wearing materials such as solid wood furniture and tile flooring, ensuring a high-quality but durable finish.

FAMILY - We are a family business, part of a large family, so this is an important aspect of our business. We create homes, not houses, for our tenants.

DESIGN - Our warm summery interiors are welcoming and vibrant. Our designs ensure great use of functional space for the intended tenants.

What Differentiates Us

Our motto is that we create homes, not houses. The interior design of our properties, using our summery, warm brand colours, is unique and inspired by my Caribbean heritage and our European campervan travels. This results in us achieving high end values, that we share with our investor partners.

We manage the entire property development process in-house, from sourcing acquisitions to refurbishing the property to letting it out and managing it on an ongoing basis. My legal experience is key at all stages, from negotiating great acquisition terms to ensuring our lettings are compliant.

KEY Information

Registered company name: KoMo Properties Limited

Year started in property investment: 2016

Operational areas: West Midlands, Milton Keynes & Northampton

Typical portfolio type: HMOs (student and professional), blocks of flats, commercial

Portfolio value: £2.25m

LTV across portfolio: 70%

Ave ROI on owned projects: 48%

Ave private funding amount: £300k

Ave term length: 1 year

Ave interest offered: 6-10%

Securities on borrowing: Depends on loan amount but usually secured against property. If unsecured, restriction and personal guarantee.

Meet the Founder/S

Kimberley Opszala

I am a multi-award-winning corporate lawyer specialising in mergers and acquisitions and commercial contracts for over 12 years. I am also an experienced non-executive director, having held several board roles in the charity sector.

My husband Mike and I co-founded award-winning KoMo Properties in 2016. I am the managing director, overseeing the sourcing of potential properties and liaising with landlords, homeowners, and our investors. I also manage all the legal and regulatory aspects of the business, ensuring we are up to date with all compliance and legislation requirements.

>>> Please Watch OUR Inverview & USE THE BUTTON BELOW TO Connect with US to find out more!

Video interview with Kim Opszala from KoMo Properties.
Video interview with Kim Opszala from KoMo Properties.

Our Existing Portfolio

1. Multi-Unit Freehold
(Birmingham) We own a block of 3 flats: two are rented to an emergency accommodation provider, one is rented out privately.

We are actively sourcing multi-unit freeholds in the West Midlands.

2. HMO Units
(Northampton & Milton Keynes): 29 owned / 25 managed.

All our HMOs are in Article 4 areas, so our strategies are:

- Residential to HMO in areas with low saturation, meaning there is scope to add HMOs, subject to planning permission.

- Buying existing tired HMOs direct from vendors and adding value via refurbishment/planning.

3. Commercial
We are actively sourcing commercial units.

The Ethos Behind The Portfolio Type We Work With

Our ethos centres around our commitment to creating comfortable, high-quality accommodation, whilst creating shared value for our investor partners:

1. Community & Wellbeing: Our HMOs are designed to foster a sense of community, offering shared spaces that encourage interaction while providing privacy and comfort, essential for study and relaxation.

2. Quality & Standards: From the design phase to the final touches, we ensure our properties are beautiful, functional and durable.

3. Innovation and Adaptability: Our customer’s needs are constantly evolving, and so is our approach. We stay ahead of industry trends to enhance the experience within our properties.

CASE STUDIES >>>

PROJECT 1

KoMo Bay

The Property & Strategy

Buy, refurbish and refinance to hold. This was a mid-terraced existing HMO we purchased direct from the vendor, having achieved planning permission twice, from C3 to C4 and then Sui Generis, to create a 7 bedroom, 5 bathroom student HMO.

Numbers

Project started date: Purchased July 2022

Project completed date: Refurbishment complete September 2022, refinance complete March 2023

Financing method: Purchase financed by an investor, refurbishment financed by the company

Purchase Price: £282,382

Cost of Works (including finance costs): £90,689

Legals, professional services and fees: £5,031

Total spend: £400,101

GDV: £495,000

Profit from costs: 23.70%

Annual cashflow after all costs: £32,000

Location

Conveniently located in a popular student residential area close to the popular Wellingborough Road (which has numerous shops, bars and restaurants, popular with students), Holly Road is situated approximately 30-minute walk from Northampton University and the city centre.

Northampton University has over 12,000 students and is popular for vocational degrees such as policing, nursing, teaching and midwifery.

Planning

Despite being an existing 6-bedroom HMO in an Article 4 area, the property did not have planning consent. We applied for C3 to C4 planning permission (6 bedrooms 2 bathrooms) and then later applied for C4 to Sui Generis (7 bedrooms 5 bathrooms).

Additional information 

There is a garage at the rear of the property with its own access which could be suitable for conversion to additional accommodation. Other properties on the street have done so.

Learn more

The deal won Deal of the Year at the Blue Bricks Magazine Awards 2024, was a finalist for HMO Deal of the Year (6+ bedrooms) at the Property Investor Awards, and was a finalist for Best HMO Design and Best Residential to HMO Conversion at the HMO Awards 2024.

MORE CASE STUDIES >>>