We have 7 Social HMOs going on at the moment. Some that we purchased were in the most dilapidated state. This did not deter us as we bring these properties back to the brick. This particular property started 6 weeks ago and is on schedule to be completed in the next 1-2 weeks. There will be a 7 plus 3 year govt backed lease with no voids, no management all maintenance covered unless structural issues. However the housing group will not accept any properties with structural issues. These properties are ideal of investors looking for hands free investment. What makes them very interesting are all the eyes on the property due to the nature of the social tenants. Firstly the police and council have to approve along with the housing association. Then we have building regs, council inspections, fire assessment and the housing association. Lastly there is an audit from the Home office. This way our property investment is monitored and protected.
This particular property is near Manchester. It will be a 5 bed netting us or an investor £19,136 a year. No council taxes..no utilities…just a monthly BACS payment. Contact me for more information.
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