Professional & Student HMOs in Wolverhampton
Wolverhampton has become one of the top locations for investing in HMOs in the UK. Wolverhampton has become a highly sort after location for HMO investors looking for high yields.
Wolverhampton, and it’s surrounding areas such as Telford, are an excellent location for professional, DSS and student HMOs. There are a good mix of sized HMOs ranging from 5 beds to 10-12 bed HMOs plus.
Wolverhampton has rules regarding Article 4, Selective Licensing and Mandatory HMO Licenses. For more info see our Wolverhampton HMO FAQ Section below.
Follow the links below to either sell an HMO or subscribe for HMO deals.
Wolverhampton HMO Market FAQs
Demand for HMOs in Wolverhampton is high. There are areas where demand is higher for students and others that are higher for professionals. From our research we can see that the average rent in Wolverhampton is between £400 and £500 per month per room. Double rooms outweigh single rooms by 3:1 so if you are looking to develop HMOs in Wolverhampton it’s important that they are double rooms. The amount of professional rooms to student rooms is around 6:4 ratio in favour of professionals.
There are many students in Wolverhampton and is therefore a popular place for House of Multiple Occupancy. The University of Wolverhampton has it’s Student Union located at WV1 1LY. You also have the City of Wolverhampton College. The most popular area for Student HMOs in Wolverhampton is to the North West around West Park. It also has Asda superstore on the way in and out of the city centre which is attractive to Students
The average size HMO in Wolverhampton is 6 beds. 5 bed HMOs are also popular in Wolverhampton, and there are some 6 bed and 10 bed HMOs also. Larger HMOs are commercially financed.
Unfortunately we do not provide any recommendations for third party HMO letting agents in Wolverhampton.
Yes, there is article 4 in Wolverhampton which prohibits the conversion of houses to HMOs up to 6 bedrooms. This is restricted to houses in the article 4 area. This came into effect on 14th September 2017. The directive extends across the entire city of Wolverhampton. For the exact map you can download it from The City of Wolverhampton Council’s website.
Any HMO that is rented to five or more tenants is required to have an HMO licence in Wolverhampton. If you require a licence then you should already have planning permission to rent the property as an HMO.
Any HMO property rented to 4 tenants or less is not subject to a selective licencing scheme in Wolverhampton.
If you have an HMO rented to 6 or less tenants, you are required under the article 4 directive in Wolverhampton to have planning permission. This is give you permission to change the use of property from a dwelling house (C3) to a house in multiple occupation (C4).
If you have a 7 bedroom and bigger house of multiple occupancy, then nationally you are required to have planning permission as Sui Generis HMO.
HMO Deals in Wolverhampton
12 bed HMO Conversion + Land Dev
Off market deal, conversion of 3 storey detached commercial premises with additional basement and outbuilding. Land to the rear ideal for development of 2 houses STPP
6 bed Student Tenanted HMO
Off market deal, fully tenanted 6 bed HMO, tenancies until Aug 2023 generating £2550 per month. Landlord looking for quick sale.
9 bed Professional Tenanted HMO
A fully tenanted 9 bedroom HMO with a gross rent of £3700. 6 en-suites, 2 bathrooms, 2 living rooms split over 5 floors! The landlord completed a £120,000 full refurbishment in 2019.
32 bed HMO Portfolio
A portfolio of 5 HMO properties comprising of 32 professionally let rooms for sale. The properties are all located within a 5 mile radius. The portfolio would benefit from some upgrade and modernisation to some of the properties. Part tenanted.
FREE HMO Mastermind Group
