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4 bedroom house share for sale
Kitchener Road, Birmingham, B29
£15,000
Kitchener Road, 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 take a 5-year lease on the property, complete the refurbishment and furnishing, and obtain necessary licenses, before offering it back to the housing association. The housing association will then take a fully funded 5-year lease and receive a drawdown of funds from the government, which will be paid back through a monthly fee over and above the ground rent. This results in a hands-off, income-generating investment with no void periods, bills, or maintenance responsibilities, and no loans or interest to pay.