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4 bedroom flat for sale
Melville Road, Coventry, West Midlands, CV1
£15,000
Melville Road, Coventry, West Midlands, CV1
£15,000
Our Summary
- Each investment is for 1 x property that will house either 4 or six people, you (the investor/lender) enter in the JV with Housing Provider (the borrower) and then Housing Provider take a 5 year lease on a property and do a full refurbishment and furnish the property, gain all HMO licences then offer it back to the Housing Association
Description
This investment opportunity involves a joint venture with a housing provider to refurbish and furnish a property, which will then be leased to a housing association for a 5-year term. The housing provider will enter into a lease with the housing association, and the government will provide funding for the lease, which will be paid back through a monthly fee over and above the ground rent. The investor will receive a monthly payment for 60 months, with no void periods, bills, or maintenance to worry about. The investment is designed to be hands-off and generates a steady income, with the added security of government-backed income.