Fully Funded

Land at Hag Lane, Raskelf, North Yorks, YO61 3LQ - 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


interest paid*


funds pledged


number of investors


% of target pledged

Fully Funded

project type

Residential (Standard Construction)

loan term

up to 15 months


1st charge

project phasing

1 of 2

total loan facility


floor area

5546 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 project comprises a new-build development of 3 residential units at an annual interest rate of 7.25%. Interest on the phase 1 raise will serviced so that lenders will receive a monthly payment.

The site is situated at the edge of Raskelf village in North Yorkshire and located about 1 mile west of the A19 which runs from Doncaster to Newcastle. The village has a population of 519 (2011). The village benefits from a village shop, pub, cafe and village hall. There is also a short mat bowls club together with a cricket and tennis club.

The project has full planning consent under planning references 18/01939/OUT and 19/00687/REM from Hambleton District Council for the development of 3 new detached dwellings (2 x 3 bed dwellings and 1 x 4 bed dwellings). The site totals 0.42 acres and currently has some former agricultural buildings that will be demolished.

The proposed units will comprise the following:

Plot 1:

Ground Floor: Entrance hall, bedroom one with en-suite, bathroom, bedroom two, open plan living/kitchen/dining room and integrated garage
First Floor: Bedroom suite with dressing area and en-suite

Estimated GIA of plot 1: 135 m2 (1,453 sf)

Plot 2:

Ground Floor: Entrance hall, w/c, study/bedroom, integrated garage, boot room and open plan kitchen/dining/living room
First Floor: Landing, bathroom, bedroom one with en-suite and dressing room, bedroom two and bedroom three

Estimated GIA of plot 2: 184 m2 (1,980 sf)

Plot 3:

Ground Floor: Entrance hall, living/bedroom, study, family kitchen/dining/living area with orangery, boot room, cloakroom and integrated garage
First Floor: Bedroom one with en-suite and dressing room, office, bedroom two, bedroom three and bathroom

Estimated GIA of plot 3: 187.5 m2 (2,109 sf)

exit strategy

Upon completion of the development the borrower will sell the houses in the open market.

indicated return for your pledge



min. loan (6 months)



15 month loan



CrowdProperty Comments

The director of Galtres Developments Limited has a wealth of construction experience through his 40 years working in the property industry therefore CrowdProperty are confident he can successfully manage and deliver the development of 3 detached units.




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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