PROTOTYPE - concept design for Bluerock Developments · illustrative content, figures & imagery are placeholders pending sign-off
Exterior
Hallway
Communal
Bedroom
Kitchen
Bedrooms5
StrategySocial housing lease
StatusAvailable
IncomeFrom completion
Overview
A five-bedroom house in Wakefield, converted and let on a 5-year lease to a social housing provider. The provider pays the rent and handles the day-to-day running of the house, so the income is secure and genuinely hands-off. Wakefield has fast links to Leeds and the M1 and M62, and strong demand for quality social housing.
Financial information
| Sales price | £242,000 |
| Lease rate | £100 per room, per week |
| Lease term | 5 years |
| Net annual income (paid by provider) | £26,000 |
| Net yield | 10.7% |
Cost breakdown
| Purchase price | £155,000 |
| Refurbishment | £75,000 |
| Sourcing and project management fee | £12,000 |
| Total cash outlay | £242,000 |
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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