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4 bedroom house for sale
Gladstone Street, Walsall, West Midlands, WS2
£15,000
Gladstone Street, Walsall, West Midlands, WS2
£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 refurbish and furnish a property that will house 4 or 6 people. The housing provider takes a 5-year lease on the property, completes the refurbishment, and gains all necessary licenses before offering it to a housing association. The housing association then takes the property on a fully funded 5-year lease, with the government providing funding through a drawdown of funds. The housing association pays a monthly fee to the housing provider, which is in addition to the ground rent, providing a steady income stream for the investor. This hands-off investment has no void periods, no bills, and no maintenance responsibilities, and the investor does not have to take out a loan or pay interest.