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  • Property-a-holics

    Council/Housing Association Lease & renovation contact needed - South Shields

    Hi everyone,

    I have a 3 bedroom property in South Shields (134 Belloc Avenue, South Shields, NE34 9HR) which has been wrecked by the tenant. There is a large amount of damage (probably £25K) and it isn’t worth doing the repairs to the property as the option price I have on the property in addition to the property is more than the property is worth. In addition a potential insurance quote won’t cover the cost.

    Therefore I need to get a council contact or a Housing Association contact to lease the property for something like 5 years (my option has 11 years remaining). I need a scheme where the council or Housing Association take over the property, do the repairs and then pay a much smaller rent than the standard rate to recoup their repairs investment. I have done a similar scheme in Oldham and Blackburn recently so I know they exist. There is a focus from councils to get property back into use and quite a lot of these types of schemes are popping up.

    If you have any contact details for a scheme like this in South Shields could you please let me know?

    Thanks, Fraser
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    Hi Fraser,

    I appreciate your post relating to this property was posted a long time ago , I am a local investor and just wondering if you would be interested in selling this propery?

    Regards

    Darren


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