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4 bedroom link detached house for sale
Leason Street, Stoke-On-Trent, Staffordshire, ST4
£15,000
Leason Street, Stoke-On-Trent, Staffordshire, ST4
£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 to a housing association for a 5-year term, during which the association will pay a monthly fee in addition to ground rent. The housing association will also receive funding from the government to cover the lease, which means that the housing provider will not need to pay interest or bills, and you will receive a steady income stream over the 5-year term. This investment is considered hands-off, with no void periods, maintenance, or loans to worry about, and is backed by government funding.