>
4 bedroom house for sale
Portland Road, Blackpool, Lancashire, FY1
£15,000
Portland Road, Blackpool, Lancashire, FY1
£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 that will house 4-6 people. The housing provider will take a 5-year lease on the property, do the necessary work, and then offer it back to a housing association on a fully funded 5-year lease. The housing association will take a drawdown of funds from the government to cover the lease costs, but instead of paying the housing provider directly, they will pay a monthly fee on top of the ground rent. This results in a hands-off, income-generating investment with no void periods, bills, or maintenance costs, and no loans or interest to pay. The investment is expected to generate a steady income over the 5-year term.