Lakes Road, Birmingham, B23
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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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
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Lakes Road, Birmingham, B23
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Witton Station1.3 miles
- Perry Barr Station1.5 miles
- Gravelly Hill Station1.5 miles
About the agent
Property Market, Birmingham City Centre
Brindley House, 101 Newhall Street, Birmingham, B3 1LH
PropertyMarket are an all encompassing property consultancy offering Guaranteed Rent, online lettings services, property sales and investments. We cater to social tenants, students, professionals and companies and work with landlords, investors, property developers to connect people with property. Contact us today for more information and to get started.
Notes
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