New report shows North West leads HMO market

The North West holds 17.9% of the UK’s HMO properties, the highest regional share.

Related topics:  Landlords,  HMO,  Lendlord
Property | Reporter
13th February 2026
Aviram Shahar 588

Property management and financial platform Lendlord has published its latest HMO Data Analysis Report, providing detailed insights into the Houses in Multiple Occupation (HMO) market for Q4 2025. 

Drawing on sample data of 1,158 HMO properties, this comprehensive report reveals regional trends in property values, rental yields, and market distribution, empowering landlords, brokers, and property investors with actionable insights.

The North West has the highest share of HMOs in the UK at 17.9%, with Greater London just behind at 16.5%. Despite the North East showing the highest average yield (15.1%, slightly down from 15.4% in Q4 2024), the region has one of the lowest shares of HMOs at 3.6%.

The data highlights significant disparities in regional performance, with Greater London leading in average property value, £684,724 (an increase of £24,497 from Q4 2024), compared to £232,461 in the North East.

Key trends show average yields across the UK reducing to less than 10%, although the average annual rent in the UK has increased by over £5,000 (£28,200 in Q4 2024 compared to £33,400 in Q4 2025).

Headline stats from the report:

• 15.1%: Highest average yield (North East).

• £684,724: Highest average property value (Greater London).

• £55,017: Highest annual rental income (Greater London).

• Average HMO yield across the UK: 9.6% (down from 10.4% from Q4 2025).

“The importance of HMOs to property investors has never been clearer, and our Q4 2025 figures highlight that yields have remained fairly constant year on year with the average annual rent increasing by an impressive £5,000 in just one year," explained Lendlord co-founder and CEO, Aviram Shahar (pictured).

“Our platform is designed to simplify property management and empower smarter investment choices to ensure our users can confidently navigate the complexities and ongoing challenges that they face as property investors.”

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