The two HMO properties, refinanced under residential terms, contain a total of 37 units.

Bradford currently tops the table, with six-bed HMOs in the city yielding 15.2% on average.

HMOs up to 20 bedrooms now eligible, up from the previous 12-bedroom limit

Southampton accounts for 20.2% of over-40 shared living residents.

According to the analysis by Excellion Capital, while the average HMO conversion costs £68k, it could still prove a worthwhile long-term investment with yields as high as 12.5%.

Recent internal figures from Searchland indicate a downward trend in the number of HMO licences being issued by local planning authorities (LPAs). 

Small HMO/MUFB two-year fixed rates have been reduced by as much as 0.60%, beginning at 3.89%.

London holds the largest share of the national HMO market, accounting for 33.9% of all properties

New research has revealed that almost half of shared living tenants would happily pay a rental premium if they knew that they were socially compatible with their housemates.

The guide has been created in response to growing interest in HMO investment