ASSISTED LIVING HOUSING
RICHMOND STREET, HARTLEPOOL
On the ground floor, a fully functional kitchen is provided with all white good sand cooking facilities included. A large lounge space offers comfort to the tenants with a full three piece bathroom installed. The first floor offers 2 large double bed rooms and one single bedroom. Upon completion, this property will be solely designed to match the requirements of the housing provider. This will include further health and safety and fire regulations with fully interlinked smoke alarms, fire doors, carbon monoxide detectors and fire tested furnishings.
3 bedroom property, with a 10 year social housing lease
| Sizes from 743 sq ft (69 sq m) | prices from £120,000 |
Features Include
- Tenure: Freehold
- Property Type: Mid Terraced
- Lease Start Date: Fresh Lease Upon Completion
- Lease Length: 10 Years (5+5 years)
- CPI Linked Rents: Annually
- Bedrooms: 3
- Other Rooms: Kitchen, Lounge, Bathroom
- Property Standards: Full Renovation Carried Out To Meet Housing Association Standards
Investment Numbers
- Purchase Price: £120,000.00
- Rental Income: £10,800.00
- Yield: 9.00%
Rent Growth Forecast
- Y1 Rent: £10,800.00
- Y10 Rent: £14,091.55
- Growth Amount: £3,291.55
- Growth Percentage: 30.48%
- Total Rent Received: £123,809.90
Yield Growth Forecast
- Y1 Yield: 9.00%
- Y10 Yield: 11.75%
- Growth Percentage: 2.75%
Location
- The modern economy of Hartlepool has continued to evolve from its traditional roots. It now incorporates a more diverse range of industries, including advanced manufacturing, renewable energy, and digital technologies. Renewable energy has also become a prominent focus in Hartlepool's economy. The town's coastal location and access to natural resources have attracted investment in wind and solar energy projects. Offshore wind farms, in particular, have been a major driver of growth, providing green energy and stimulating economic activity in the region.
Social Housing
- The UK is suffering an acute shortage of housing and this has been reflected in an increasing demand for social housing and assisted living. This has created a unique opportunity for buy-to-let investors
- We provide investors with properties specifically designed to cater to the housing requirements of vulnerable adults, ensuring their well-being, and providing them with a safe and comfortable living. This maybe for people with low income, mental health conditions, learning disabilities, or dementia
- These properties are completed, refurbished with up to 25 year UK government backed housing association leases, with no management charges and up to 10% Net rental yields to the investor
FRI LEASE (full repairs and insurance)
- All charges paid for by the housing association with no maintenance or management charges
Refurbished and Completed Properties
- All finished properties and recently refurbished to housing association standards
Secured Tenants (8–10% Rental Yields)
- Long term tenants with 5 to 25 year leases and high inflation linked rents
No Ground Rent or Service Charges
- No additional costs so investors get the full rental yield
Free Property and Rental Management
- Including finding the tenant, rent collection, and property maintenance
Hands Free Investments
- For Investors looking for a passive income with no management responsibilities