Today we had 2 offers accepted. We will get through legals and one of the build teams will take each project. Both will be 4 bed Social HMOs. The great news LHA rates are going up in April and our housing partner will most likely raise rents in parallel. This is really an excellent property as it is near the tram lines and can say in the city centre. Great for the social tenants and great for us. This property will net us approx £15,600. No council taxes, no utilities, no drama with tenants, no voids, no management and all maintenance covered unless structural. We will have a 7 plus 3 year govt backed contract.
#ukproperty
#hongkong
#propertyinvestment
#propertiesforsale
#socialhousing
#sourcingagent
#sourcingspecialist
Recent Comments