Fully Funded

Land at Hazelwood Lane, Kettering

Vacant Land, Hazelwood Lane, Kettering, NN16 0AJ

Developer: ABDUL abbeth

loan amount


interest paid*


funds pledged


number of investors


% of target pledged

Fully Funded

project type

New development (eg new build, self-build, air rights etc)

loan term

up to 15 months


1st charge

project phasing

1 of 1

floor area


purchase price/value


cost of work


loan to value


est. sales value (gdv)**


owed at exit to gdv***


strategy & vision

The vacant site is situated off Hazelwood lane, Kettering immediately to the west of Kettering town centre and within a few minutes’ walk of the Central Business District. Kettering railway station is 5 minutes walk to the south. The vacant site (approximately 0.13 acres) has been used as a car park, having previoulsy been occupied by Victorian Houses within a predominantly residential area.

Planning permission has been garnted (REF: KET/2017/0279) for the development of a 3 storey detached building to comprise 6 x 2 bedroom flats. Each flat will be approximately 659sf. The building will be a total of 4650sf including communal areas.

The borrowers for this development is Duncan Forster. Duncan has over 40 years’ experience as a contractor and developer and in the last few years he has delivered numerous projects including two Grade 2 Listed barn conversions in West Wycombe and Kettering (contract sums £650000 and £890,000), and a pair of 5-bedroom semi-detached houses in St Albans (contract sum £800,000).

Duncan has employed David Moore as Lead Consultant to assist in the delivery and sale of the completed project.. David is a chartered Surveyor and has been in the property industry for over 40 years. He has significant experience as a Property Developer and Investor including projects involving residential developments (up to 50 units), HMOs, retail warehouses and multi let offices.

CrowdProperty has agreed to lend the owner £250,000 in return for 1st charge security. As the borrower owns the site, the money will be used towards the delivery of the development. Construction is expected to take 40 weeks and we have agreed a maximum loan term of 15 months. The site with planning is currently valued by the RICS valuer at £160,000. The RICS valuer believes the GDV of the completed project to be £750,000, presenting a LTV of at exit of 33.3% (estimated). Upon completion of the development the borrower will sell the flats.

exit strategy

The completed units will be sold

the borrower
& project team

40 years in development and construction

indicated return for your pledge
min. loan (6 months)
15 month loan

CrowdProperty Comments

This is a perfect project for CrowdProperty. The Borrower, who is an experienced building contractor has teamed up with an experienced project manager for this straight forward new build project. The borrower already owns the site with no debt on it, and will be using his own money to start the build before using the funds raised through the crowd. This means the loan to value will be a low 33.3%. With the first charge in place held by CrowdProperty on behalf of the lenders, we feel that this is a very safe development for our lenders.




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.

Your capital is at risk and you may lose all you lend. See our full risk warning for more information

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