Social Housing Angle Street Middlesbrough SOLD
Overview
With interest rates climbing ever higher, ClicPad has partnered with developer, offering a range of low-entry, freehold, cash purchase houses from just £120,000.
Investor appetite is changing, many are looking for stable, high-yield investment opportunities that provide a consistent stream of income as opposed to the traditional capital appreciation and leverage driven models. This investment offers just that, with government-backed yields of 8-9% NET and a 5+5 year lease with exit opportunities at years 3 and 10. This means your clients can cash out and re-invest their capital in more sympathetic interest rate conditions.
- Properties located across the North of England (Hartlepool, Middlesbrough etc.)
- Government-funded yields of 8-9% NET
- 25 year leases with annual adjustment based on the CPI
- FRI lease (full repairs and insurance)
- Tenant damage and maintenance cover
- Recently refurbished properties
- No ground rent or service charges
- Free property and lettings management
ClicPad are pleased to offer this 2 bedroom property, sold fully turnkey with a 10 year social housing lease in place.
Highlights include:
Tenure: Freehold
Property Type: Mid terraced
Lease Start Date: Fresh lease upon completion
Lease Length: 10 Years (5+5 years)
CPI Linked Rents: Annually
Bedrooms: 2
Other Rooms: Kitchen, Lounge, Bathroom
Property Standards: Full renovation carried out to meet housing association standards upon completion
Price range:
3 bedroom House £120,000
9% net rental
Payment Plan:
£5000 reservation fee (takes the unit off the market)
Exchange though solicitor
Completed project
Amenities
Risk management & compliance, when approached strategically, have the potential
- Freehold
- Tenant damage and maintenance cover
- Recently refurbished properties
- No ground rent or service charges
- Free property and lettings management
- 3 bedroom house
- 9% net rental