>
4 bedroom link detached house for sale
Fairfax Road, Leicester, Leicestershire, LE4
£15,000
Fairfax Road, Leicester, Leicestershire, LE4
£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 or 6 people. The housing provider takes a 5-year lease on the property, does a full refurbishment and furnishing, and obtains all necessary licenses before offering it back to the housing association. The housing association then takes a fully funded 5-year lease from the housing provider and pays a monthly fee, in addition to the ground rent, for the duration of the lease. This results in a hands-off, income-generating investment with no void periods, bills, or maintenance responsibilities, and government-backed income for 5 years.