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4 bedroom link detached house for sale
Pailton Grove, Birmingham, B29
£15,000
Pailton Grove, Birmingham, B29
£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 purchase and refurbish a property, which will then be leased to a housing association for a 5-year term. The housing provider will receive a monthly fee from the housing association, in addition to the ground rent, which will provide a steady income stream to the investor. The property will be fully furnished and licensed as a House in Multiple Occupation (HMO), and the housing association will be responsible for all bills and maintenance. The investment is considered hands-off, with no void periods or loans to pay interest on, and the income is backed by the government.