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4 bedroom semi-detached house for sale
Syke Road, Nottingham, Nottinghamshire, NG5
£15,000
Syke Road, Nottingham, Nottinghamshire, NG5
£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 the provider to purchase a property that will be refurbished and furnished to house 4 or 6 people. The housing provider will then lease the property to a housing association for a 5-year term, and the association will receive government funding to cover the lease costs. In return, the housing provider will receive a monthly fee, in addition to the ground rent, for the duration of the lease. This hands-off investment generates income without void periods, bills, or maintenance responsibilities, and there are no loans or interest to pay.