Levenshulme and Burnage Property News
Yields on homes of multiple occupancy
The cast of Friends were role models for a generation, living the dream in a shared apartment. There are over half a million 'Homes in Multiple Occupation' (HMOs) in England and Wales and they play a key role in keeping costs down for many renters.
HMOs also work well for investors, with estimated potential gross yields averaging 7.9% in the North West. In Manchester student rental stock has grown by 26.5% in just five years.
Research from The HMO Hub showed that gross yields are consistently higher in HMOs than standard buy-to-let properties.
London has the largest stock of HMOs but the highest yields are in the North West, North East and Wales. Source: #Dataloft Rental Market Analytics (based on three renters occupying a 3-bed property), DLUHC (2022), StatsWales (2021), Land Registry, Cushman & Wakefield (2023), The HMO Hub (2020)
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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