Property photos
Leasehold
£15,000
4 bed semi-detached house for sale
Park Range, Manchester M144 beds
2 baths
Tenure:
Leasehold
Time remaining on lease:
Not available
Service charge:
Not available
Council tax band:
Not available
Ground rent:
Not available
Local area information
Property location
Nearby amenities
- St James' CofE Primary School, Birch-in-Rusholme 0.4 miles
- The Manchester Grammar School 0.4 miles
- Levenshulme 1.2 miles
- Ardwick 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Manchester to find out more about the area.
Features and description
- Leasehold
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.
Key features:
Income generating investment
Hands-off investment
Government-backed income
No void period
No bills
No maintenance
No 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.
Key features:
Income generating investment
Hands-off investment
Government-backed income
No void period
No bills
No maintenance
No loans – no interest to pay
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
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