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Property
Coleridge Road, Croydon CR0
£43,000
Coleridge Road, Croydon CR0
£43,000
Our Summary
- This opportunity is for cash buyers only due to the low value
Description
This unique buy-to-let opportunity offers a chance to purchase a prefabricated home with a long-term social impact for tenants and a reliable passive income. The homes are fully furnished and built to British Institutions Standard BS3632, with a durable life of 25 years. The property comes with a range of features, including a fully equipped kitchen, bathrooms, double glazing, and gas central heating. The developer takes care of all maintenance and repairs, and the buyer receives a guaranteed annual net rent of £4,380 once the property is tenanted. The investment requires a minimum term of 2 years of ownership and a 10% annual return. The developer offers a buyout option every 2 years for the original amount. The homes are located on various sites across the UK, and buyers cannot choose the location. This is a hassle-free investment opportunity for cash buyers only, with no additional legal costs, stamp duty, or management fees.