Fully Funded

Coinyie House Close, Edinburgh, EH1 1NL

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


interest paid*


funds pledged


number of investors


% of target pledged

Fully Funded

project type

Commercial to Residential Conversion

loan term

up to 15 months


1st charge

project phasing

1 of 1

total loan facility


floor area

1184 sq.ft.

rics valuation


cost of work


est. sales value (gdv)**


initial loan to value


loan to gdv


owed at exit to gdv***


strategy & vision


The proposed project is the refurbishment of the ground floor of 1, Coinyie House Close, Edinburgh EH1 1NL which is currently offices and stores, into 2 x 1 bedroom flats. This will be CrowdProperty's first project in Scotland.

Please note the borrower will only be purchasing the ground floor of 1 Coinyie House Close. This floor is displayed by the two red doors on the images above.


Edinburgh is the capital city of Scotland and is located in the county of Midlothian. The city is located 46.8 miles East of Glasgow via the M8, 127 miles south of Aberdeen via M90/A909 and 408 miles north of via the M6. The city has a population of approximately 490,000 and both Edinburgh's Old Town and New Town are listed as a UNESCO World Heritage site. The city is renowned for its university which ranks 20th in the world and also the annual Edinburgh International and Fringe festivals.

The property itself is located in Edinburgh City Centre, between Edinburgh's High Street and Cowgate. The property is close to the attractions of Edinburgh Old Town including Edinburgh Castle, Princes Street Gardens and The Real Mary King's Close. There are also several restaurants, bars, cafe's and shops near to the property but the area immediately surrounding the property is predominantly residential.

The property is located just 0.3 miles from Edinburgh Waverley train station which is the main train station in Edinburgh. The station provides a regular service to other areas of Scotland including Glasgow Central, Inverness and Dunblane, as well as services to England including Manchester, London Euston and Penzance. Edinburgh Airport is located just 7.7 miles from the property providing flights including but not limited to predominantly Birmingham, Heathrow, Dublin and other areas of Europe.

The project comprises the refurbishment of a disused ground floor commercial unit into 2 x 1 bed residential apartments. The building is a four storey tenement style property and was erected pre 1880. The building is 'A' listed in accordance with Scottish property classification and is situated within the Old Town conservation area.

Planning Permission was granted by Edinburgh Council under planning reference number 18/04545/LBC for the conversion of the ground floor of the property into 2 x 1 bedroom flats. The flats will have access to resident's shared car parking and associated grounds.

The ground floor equates to 1184 sq. ft (110m2). Each flat will have a kitchen/living area, a bathroom and one bedroom.

exit strategy

The borrower intends to sell the two properties once the refurbishment has been completed.

indicated return for your pledge



min. loan (6 months)



15 month loan



CrowdProperty Comments

CrowdProperty is pleased to be offering their 1st project in Scotland with the refurbishment of a former commercial property into 2 apartments within central Edinburgh




Rigorous due diligence
1st Charge Security
Unparalleled expertise
*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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