A Home Shared..
- 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 Anaytics (based on three renters occupying a 3-bed property), DLUHC (2022), StatsWales (2021), Land Registry, Cushman & Wakefield (2023), The HMO Hub (2020) (https://www.hmohub.co.uk/).
A Home Shared..
HMO’s, otherwise known as ‘Houses in multiple occupation’ have become increasingly popular in recent years. Reference above to that wonderful U.S. Sitcom Friends, highlighted the humerous side of living in a HMO property. With over 500,000 HMO’s in the England & Wales, they really do play a key role in keeping rent down for many!
What does it look like on a map?
HMO’s in Harlow
How many HMO’s are there in Harlow?
Firstly, there are just under 40,000 properties in Harlow.
Regionally 7% of properties are HMO’s. However, with cities like Cambridge inflate that figure.
So, the answer is, there are 332 HMO’s in Harlow. Therefore, less than 1%!