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4 bedroom house for sale
Armley Grove Place, Leeds, West Yorkshire, LS12
£15,000
Armley Grove Place, Leeds, West Yorkshire, LS12
£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, where you lend money to purchase a property that will be refurbished and furnished to house 4 or 6 people. The housing provider will then lease the property back to a housing association for a 5-year term, with the association paying a monthly fee in addition to the ground rent. The housing association will also receive funding from the government to cover the lease costs, and the payments will last for 60 months. As an investor, you will receive a steady income stream with no void periods, bills, maintenance, or loan interest to pay, making it a hands-off and government-backed investment.