Fully Funded

Town Lane Farm, Town Lane, Heskin, Chorley, Lancashire, PR7 5QA - 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

£180,000

interest paid*

8%

funds pledged

£180,000

number of investors

324

% of target pledged

Fully Funded

project type

Residential (Standard Construction)

loan term

up to 18 months

security

1st charge

project phasing

1 of 2

total loan facility

£330,000

floor area

967 sq.ft.

rics valuation

£400,000

cost of work

£220,000

est. sales value (gdv)**

£700,000

initial loan to value

45.00%

loan to gdv

47.14%

owed at exit to gdv***

53.14%

strategy & vision

For this project, a £2,500 pledge limit will be in place for the first 5 minutes to provide all those who have taken the time to perform their due diligence a chance to participate, given the current demand for CrowdProperty projects. After 10:05am, pledges greater than £2,500 can be created or existing pledges can be increased, subject to availability. Additionally, CrowdProperty AutoInvest functionality can automatically pledge on your behalf at 10:00am although the actual pledge on a project might be scaled back subject to demand and therefore your AutoInvest pot may be spread across more loans than your original settings.

The proposed project is situated at Town Lane Farm, Town Lane, Heskin, Chorley, Lancashire, PR7 5QA. Heskin has a population of 898 people (2011 census) and is located 8.3 miles from Wigan and 6.1 miles from Chorley Town Centre accessed via the A49 Preston Road. The M6 is situated 3.5 miles to the east and the M61 is a further 7 miles.

exit strategy

Upon completion of the construction works the borrower will sell the development.

indicated return for your pledge
interest
total
min. loan (6 months)
£200
£5,200
18 month loan
£600
£5,600

CrowdProperty Comments


This unique opportunity is located within the designated Green Belt, and once complete the development will be complemented with over 5 acres of paddock land. This is coupled with the borrowers outstanding local knowledge having already successfully delivered projects in the Chorley area.

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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