Barrow in Furness is fast becoming a hotspot for savvy property investors, especially those specialising in Houses in Multiple Occupation (HMOs). Known for its pivotal role in the UK’s defence industry, particularly the BAE Systems Dreadnought programme, Barrow is witnessing a surge in housing demand. This blog explains why investing in property Barrow in Furness—focusing on HMOs—is a lucrative opportunity worth considering.
Barrow in Furness: Defence Industry Driving Local Housing Needs
As the UK’s centre for submarine construction, Barrow in Furness hosts BAE Systems’ £25 billion Dreadnought project—a long-term initiative employing thousands of skilled workers. This has increased demand for quality housing near workplaces, putting pressure on the existing rental market.
For investors, property Barrow in Furness offers a promising avenue to meet this growing need with the right type of accommodation.
(Source: BAE Systems)
Why HMOs Are the Perfect Solution in Barrow
Houses in Multiple Occupation provide an effective way to cater to the large workforce seeking flexible and affordable living arrangements. HMOs allow multiple tenants to rent individual rooms, sharing common spaces—a model that suits many professionals moving to Barrow.
(Source: BBC)
The benefits of focusing on HMOs here include:
Local Housing Shortages Increase Demand for Barrow Property
With over 10,000 new skilled jobs expected in the area, the supply of private rental homes is struggling to keep up. Many incoming workers seek affordable, convenient accommodation, making HMOs an attractive housing option.
This shortage means property Barrow in Furness — especially HMOs — is a market ripe with potential for investors who want reliable income and strong growth.
(Source: BBC)
Advantages of Investing in HMOs in Barrow in Furness
Investing in HMO properties comes with clear advantages:
- Maximised rental income: Letting rooms individually generates higher combined rent than single-let properties.
- Lower vacancy risk: The steady tenant demand keeps void periods to a minimum.
- Strong tenant diversity: The local economy’s range of industries supports a broad tenant base.
- Long-term stability: Ongoing major projects underpin lasting rental demand.
What Makes Barrow in Furness Special for HMO Investment?
Barrow’s strong economic foundation, anchored by high-value defence contracts, provides a secure tenant pool. Additionally, the town’s coastal location and community atmosphere attract professionals who seek a balanced lifestyle.
Investing in property Barrow in Furness means tapping into a market where demand is high, and housing supply remains limited.
Our Recent HMO transformation at Barrow-in-Furness – Cameron Street
4 bedrooms, 4 En-suite bathrooms and Communal Kitchen/Dining room
Starting Your HMO Investment Journey in Barrow
New investors should focus on:
- Understanding Barrow’s HMO licensing and safety requirements
- Partnering with experienced refurbishment and property management professionals
- Choosing properties close to key employers like BAE Systems
- Offering well-maintained, flexible accommodation appealing to professionals
Interested in HMO Property Investment in Barrow in Furness?
If you want to explore this exciting market, we’re here to help. Book your free consultation through our Calendly link. To learn more about our expertise and services, visit our Home Page.
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Conclusion
The combination of a booming defence sector, a shortage of rental homes, and diverse tenant demand makes investing in property Barrow in Furness HMOs an excellent choice for 2025 and beyond. With attractive returns and stable occupancy, this is a market landlords should seriously consider.
References
- Barrow Borough Council — Barrow Borough Council
- UK Ministry of Defence — Ministry of Defence – GOV.UK
- BAE Systems Dreadnought Programme – Our Maritime Business