>
4 bedroom link detached house for sale
Stoughton Drive North, Leicester, Leicestershire, LE5
£15,000
Stoughton Drive North, Leicester, Leicestershire, LE5
£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 a property that will be refurbished and furnished to house 4 or 6 people. The housing provider will take a 5-year lease on the property, complete the refurbishment, and obtain necessary licenses before offering it back to a housing association. The housing association will then take the property on a fully funded 5-year lease, with the government providing a drawdown of funds to cover the lease. The housing provider will receive a monthly fee from the housing association, in addition to the ground rent, providing a steady income stream for 5 years. This investment is considered hands-off, with no void periods, bills, maintenance, or loans to worry about, and is backed by government funding.