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4 bedroom link detached house for sale
Lodge Lane, Dukinfield, Cheshire, SK16
£15,000
Lodge Lane, Dukinfield, Cheshire, SK16
£15,000
Our Summary
- The investment works through a joint venture (JV) with Housing Provider who have the contract with the housing association 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 4-6 people. The housing provider will take a 5-year lease on the property, gain necessary licenses, and then offer it back to a housing association, which will take a fully-funded 5-year lease. The housing association will receive government funding for the lease and pay a monthly fee to the housing provider, in addition to ground rent. This results in a hands-off, income-generating investment with no void periods, bills, or maintenance responsibilities, and no loans or interest to pay. The investment is designed to provide a steady income stream over a 5-year period.