Richards Street, Cardiff(City), CF24
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
6
- SIZE
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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
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
99 years left
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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Richards Street, Cardiff(City), CF24
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cathays Station0.3 miles
- Cardiff Queen Street Station0.8 miles
- Cardiff Central Station1.2 miles
About the agent
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.
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Visit our security centre to find out moreDisclaimer - Property reference PMO3. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Property Market, Birmingham City Centre. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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