Fully Funded

Building Plot, South Littleton, Evesham, Worcestershire, WR11 8YD - Phase 1

Please note, for this project, pledges will be limited to a maximum of £0 until 10.05am. After 10.05am, you can create pledges larger than £0 or increase the size of your pre-existing pledge. This is subject to the project amount remaining which needs to be raised.

loan amount

£141,000

interest paid*

8%

funds pledged

£141,000

number of investors

286

% of target pledged

Fully Funded

project type

Residential (Standard Construction)

loan term

up to 18 months

security

1st charge

project phasing

1 of 3

total loan facility

£510,000

floor area

3400 sq.ft.

rics valuation

£235,000

cost of work

£420,000

est. sales value (gdv)**

£890,000

initial loan to value

60%

loan to gdv

57.30%

owed at exit to gdv***

63.30%

strategy & vision

This project is the development of 4 new semi detached properties in the village of South Littleton, Worcestershire, where CrowdProperty have agreed a total facility of £510,000 to be raised in 3 phases where the phase 1 raise is £141,000.

South Littleton is a small village located just west of Evesham and 34.5 miles south of Birmingham, 22 miles north east of Cheltenham and on the north western edge of the Cotswolds. Evesham has a populatioon of 23400 and benefits from direct train to London Paddington (1 hour 45 mins) together with all amenities. The village has a population of circa. 1,775 (2011 census) and benefits from small shops, takeaways, sports club and a post office.

The site is currently undeveloped but benefits from planning that has been granted by Wychavon District Council for the erection of four dwellings under planning reference number: 18/01999/FUL.

The four dwellings will comprise 2 pairs of semi-detached properties with the borrower intending on commencing works on numbers 3 and 4 first.

Units 1 & 2 will comprise:
Lounge
Kitchen/diner
WC
2 x double bedroom, one of which will be an ensuite
Single bedroom
Family Bathroom

Plot 1 (which is at the far left of the development, as shown above on the proposed title plan) will provide rear, side and front gardens.

Plot 2 will have a garden to the rear and front
Total GIA of both units 1,900 sq. ft.

Units 3 and 4 will comprise:
Reception Room
Kitchen
Cloakroom
Double bedroom
Double bedroom
Family Bathroom

Plot 3 will have a garden to the rear. Plot 4 will have a garden to the rear and side.

Total GIA of both units 1,500 sq. ft.

All plots will benefit from two off-road car parking spaces

exit strategy

The borrowers will look to sell the units upon completion. With 10 units having been built just behind the development site by Eden Developments Ltd (50% of which have been sold off plan), the borrowers intend on marketing the development with the same agents to ensure the scheme is well placed for as early an exit as possible.

indicated return for your pledge

interest

total

min. loan (6 months)

£200

£5,200

18 month loan

£600

£5,600

CrowdProperty Comments


A strong demand has been proven in the local area for new build properties, making this a very sought after location. The borrowers have an abundance of past experience dealing with higher value assets and more complex new builds.

The

CrowdProperty

Shield

Rigorous due diligence
1st Charge Security
Unparalleled expertise
more
*Please see full risk warning
**Estimated Sales Value is more formally referred to as GDV - Gross Development Value
***Owed at exit to GDV is calculated as the total capital + any planned loan interest against the RICS GDV for the project. These figures do include subsequences on projects funding development costs during the course of the project.

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Your capital is at risk. No FSCS protection. Past performance is not an indicator of future results. Tax treatment depends on individual circumstances and may change. full risk warning.

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