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4 bedroom link detached house for sale
Lea Way, York, North Yorkshire, YO32
£15,000
Lea Way, York, North Yorkshire, YO32
£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, with the association taking a drawdown of government funds to cover the lease costs. In return, the housing provider receives a monthly fee, in addition to the ground rent, from the housing association. As an investor, you will receive a steady income stream over the 5-year term, with no void periods, bills, or maintenance responsibilities, and no loans or interest to pay.