Terraced house for sale in St. Matthews Road, Smethwick B66
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Property description
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.
The Housing Association then take the property on a fully funded 5 year lease from Housing Provider. They take a drawdown of funds from the government for the cost of the lease that will run the full term. They don't then pay this directly out to Housing Provider but pay a month fee over and above the ground rent of the property that Housing Provider have secured.
The payments last for 60 months i.e. 5 years.
Key features:
Income generating investment
Hands-off investment
Government-backed income
No void period
No bills
No maintenance
No loans – no interest to pay
For more information about this property, please contact
Property Market, B3 on +44 20 8115 3550 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property Market, and do not constitute property particulars. Please contact Property Market for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.