Freehold Supported Living Property for Sale in Durham | £40,600 Net Per Year

This is a freehold house available at £290,000, let on a 25 year agreement to a housing association that provides supported living accommodation. It generates £40,600 annually, a net yield of 14%, with no running costs.

This is not a buy to let. It is a commercial agreement. You are not buying a house to manage and rent out yourself, you are buying the freehold with the lease already in place, and the income that comes with it. The £40,600 annual rent is paid monthly and increases every year.

The business paying you is currently turning over around £30 million a year. That's who is behind the monthly payment on your 25 year agreement, and it's a large part of what makes the covenant strong. The investment itself is completely passive, with no day to day involvement required, and it is already operating.

One thing we want to be completely upfront about. This is a newly built Gleeson home on the Rivers Walk development in Stanley, County Durham. You can see the exact same house type for sale on Gleeson's own site right now for £224,995:

https://gleesonhomes.co.uk/developments/rivers-walk/035/.

The difference between that price and our £290,000 isn't the bricks, it's the contract. This unit already has the supported living lease signed and is generating the £40,600 a year from day one. You could buy the identical house next door for less, but it would come with no tenant, no contract, and no income. We're telling you this directly because we want you to understand exactly what you're paying for, not because we're trying to get one past you.

Like any investment, this one carries risk. Drop us an inquiry and we'll talk you through those risks properly, so you can judge for yourself whether this fits what you're looking for. We also have other opportunities in different locations and at different price points, so if this particular unit isn't right for you, there's a good chance we have something that is.