PROTOTYPE - concept design for Bluerock Developments · illustrative content, figures & imagery are placeholders pending sign-off
Exterior
Kitchen
Communal
Bedroom
Bathroom
Bedrooms6
StrategySocial housing lease
StatusAvailable
IncomeFrom completion
Overview
A six-bedroom stone-built house in Burnley, converted and let on a 5-year lease to a social housing provider. Rent is paid by the provider rather than individual tenants, and the provider runs the house day to day, giving predictable, hands-off income from one of the most affordable buying locations in the North West.
Financial information
| Sales price | £222,000 |
| Lease rate | £80 per room, per week |
| Lease term | 5 years |
| Net annual income (paid by provider) | £24,960 |
| Net yield | 11.2% |
Cost breakdown
| Purchase price | £135,000 |
| Refurbishment | £75,000 |
| Sourcing and project management fee | £12,000 |
| Total cash outlay | £222,000 |
Legal fees and stamp duty are additional, at variable cost. The lease rate is paid directly by the social housing provider for the full 5-year term. Figures relate to this opportunity only and are not a guarantee of returns. Capital is at risk. Full details provided on enquiry.
Delivered under one roof
- Off-market sourcing and acquisition
- Recommended finance and legal partners
- Refurbishment to the provider's specification
- Licensing and compliance handled and evidenced
- 5-year lease agreed with a social housing provider
- Rent paid by the provider, with no day-to-day management
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