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4 bedroom link detached house for sale
Castlecroft Road, Wolverhampton, West Midlands, WV3
£15,000
Castlecroft Road, Wolverhampton, West Midlands, WV3
£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
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Here is a summary of the property description in a single paragraph:
The investment involves a joint venture with a housing provider to purchase a property that will house 4-6 people, which will then be refurbished, furnished, and licensed for a 5-year lease to a housing association. The housing association will take a drawdown of funds from the government to cover the lease costs, but will pay a monthly fee to the housing provider, who will not have to pay any bills, maintenance, or interest on a loan. The investment generates income through these monthly payments, which will last for 5 years, making it a hands-off and government-backed investment with no void periods.