Fully Funded

Plot 5 Hardwick Hill Lane, Little Hervells Court, Chepstow, NP16 5FF

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

£325,000

interest paid*

8%

funds pledged

£325,000

number of investors

293

% of target pledged

Fully Funded

project type

Residential (Standard Construction)

loan term

up to 18 months

security

1st charge

project phasing

1 of 1

total loan facility

£325,000

floor area

1829 sq.ft.

rics valuation

£161,000

cost of work

£325,000

est. sales value (gdv)**

£577,000

initial loan to value

59.0%

loan to gdv

56.30%

owed at exit to gdv***

64.80%

strategy & vision

No. 5 Little Hervells Court, Monmouth, Chepstow, NP16 5PT is located in the town centre about 10 minutes walk from all amenities. Chepstow is a town in Monmouthshire, South Wales with a population of 12,350. The historic Chepstow Castle is a short 5 minutes walk from the site, with the River Wye situated nearby. Chepstow also has a racecourse. Chepstow is immediately accessible to A48 with connections to the M48 and M4. Bristol is approx 15 miles to the south via the Severn Bridge whilst Cardiff is approx 45 minutes to the south west.

The site originally comprised a grade 2 listed Georgian property with a large garden – the garden has subsequently been split to form 5 plots, known as No.’s 1, 2, 3, 4 and 5 Little Hervells Court.

The borrower has already completed the conversion of the existing barn (No. 4) and the construction of a new detached property (No. 2). CrowdProperty has a first charge over No. 1 and No. 3 as part of a separate loan agreement with the borrower. Please note CrowdProperty will therefore have a separate 1st charge security on Plot 5.

exit strategy

The borrower intends to complete the construction of the Eco dwelling and sell the unit.

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

CrowdProperty Comments


CrowdProperty are currently working with Adam on plots 1 and 3, having noted the progress and level of finish CrowdProperty are happy to work closely with him on the final plot to complete this small development. Adam has proved that he can successfully manage the critical path and lead times associated with developments and CrowdProperty are confident that he will deliver this stunning Eco house both on time and to a high standard.

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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