HMOs (houses of multiple occupancy) are a popular choice for property investors. We look at why HMOs in Liverpool are a good place to put your money.
Liverpool has fast become one of the best loved cities for university students. This beautiful city has so much to offer, bursting with culture and unforgettable student-friendly and affordable nightlife. Student life has become so much more than what is taught in a classroom. University for many young people means leaving the security and comfort of a family home. Experiencing the first taste of adult life, many students opt for HMOs as their first home away from home.
Over recent years we have seen a soaring number of young people from the UK and overseas choosing to study in cities such as Liverpool. Due to the high demand, universities are struggling to build accommodation, many only offering first year students the option to stay in halls of residence. The constant housing demand from students has seen HMO living thrive and investors have been reaping the financial rewards.
Investing in student HMO accommodation can be a sound investment. If you are happy to let to multiple individuals, the rental yields are known, in most cases, to be much higher than a single occupancy let.
Most degree students study for 3 years, but this can be longer depending on type of degree or professional qualification. This means that you could potentially have a guaranteed tenant for a minimum term of two years (if they have taken the first-year hall of residence). Providing and maintaining high quality HMO living will not only ensure tenant loyalty but can result in recommendations, helping to maintain continuous cash flow.
All investors hope for strong capital growth as well as a good rental return and with the city of Liverpool continuing to grow economically, property values are expected to increase. By investing wisely and maintaining your HMO property, returns should be favourable.
University students that choose to study in Liverpool are rarely left disappointed. Liverpool offers students a more affordable city lifestyle while being immersed in history and surrounded by beautiful architecture. When the weekend comes around, students have so much to enjoy from day to night; the serenity of Liverpool’s famous parks, making the most of free festivals, exhibitions and events. Come night time many make the most of the social scene dancing the night away until the early hours. Who wouldn’t want to study in Liverpool?
Get in touch with our experienced team to register your interest in HMO investment in Liverpool.Back to news