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01483 663001

6 yr Leases with a Local Community Interest Company

We work with a local Supported Living Community Interest Company owned and run by Social Workers.

The company let properties in a very small area of Ferryhill and Chilton.  They lease the property from the landlord and the rent is paid for the property irrespective as to whether it is occupied or not. They will also pay all council tax and utility bills.  The lease is a 6 year lease which is renewable.

They "work with those wanting to make evidence based positive lifestyle choices to improve and develop their lives".  The tenants are given enormous amounts of support and have a 97% success rate of ex-prisoners not reoffending because their support is so great in changing the persons life style. The properties have full CCTV which is monitored 24 hours per day in every house, in every room except for the bathroom. 

They have been running for nearly 10 years and have 20 houses under leases currently and have funding for more.  Each property houses 2-3 people in seperate rooms.

Readylet refurbish every property to a good lettable standard, ensure that they meet or exceed the Durham Decent Homes Standard  and also any Selective licensing conditions (durham.gov.uk).  As part of any direct sales we also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership. 

These properties need the additional work detailed below, which we will also carry out.  The cost for the work is detailed in the individual property information packs.

  • Fire Doors on every room
  • Oven and hob in Kitchen
  • Emergency Lighting in every room
  • Additional Power sockets at ceiling level for every room
  • Power in the loft
  • Key pad locks on bedrooms
  • Additional security on the front and back doors.

The landlords for the properties are still responsible for the property in terms of paying to maintain items such as the electrics, gas (i.e. the annual gas safe certificate), and if there were any issues with the roof or any damp, but the housing provider will pay for everything else during that period which includes any tenant damage, so the property will be returned to you in its original condition less any reasonable wear and tear at the end of the lease period.

Management is optional.

Please call us on 01483 663001 to find out more about any properties we are selling with a 6yr guaranteed lease.