£15,000
4 bedroom link-detached house for sale
Melton Road, Leicester LE4
detached house 
4 bedrooms Property description
INVESTMENT OPPORTUNITY The investment works through a joint venture (JV) with Housing Provider who have the contract with the housing association.
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.Income generating investmentHands-off investmentGovernment-backed incomeNo void periodNo billsNo maintenanceNo loans; no interest to pay
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.Income generating investmentHands-off investmentGovernment-backed incomeNo void periodNo billsNo maintenanceNo loans; no interest to pay
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First listed
Over a month agoMelton Road, Leicester LE4
Marketed by
PropertyMarket - Birmingham 101 Newhall Street Birmingham, West Midlands B3 1LHCall agent on 0121 721 8072
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Melton Road, Leicester LE4 - Streetview
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