Student HMOs vary depending on location across England and Wales. The key factors when investing in Student HMOs is the location and proximity to the student campus. Other factors are the quality of the facilities, such as ensuites and communal areas. Many Student HMOs are 11 month or 11.5 month contracts allowing landlords a small window to turn around the property ready for the next academic year. Most student property is let by March for the following September students. But student properties that are not let are ideal for a pivot in tenant type. 

Popular size of HMOs are 5 and 6 beds, with larger HMOs with extra facilities such as ensuites, communals and gyms, proving very popular to students and investors alike. Student HMOs still require to be compliant with HMO licencing, article 4 restrictions, planning regulations and room sizes in accordance with building control. Single bedrooms prove less popular for students compared to double rooms. Yields for student HMOs vary nationally depending on what is happening within that city. For example, yields in Bangor is very uniform at 13% gross returns per annum, whereas student HMOs in Loughborough sell for 8.5% gross returns.