Paid Back in Full

31-33 St John Street, Bridgwater, TA6 5HR

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 (Modular Construction)

loan term

up to 15 months


1st charge

project phasing

1 of 1

total loan facility


floor area


rics valuation


cost of work


est. sales value (gdv)**


initial loan to value


loan to gdv


owed at exit to gdv***


strategy & vision

To see CGI interior view, please visit:

31-33, St Johns Street, Bridgwater forms part of a mid terraced 2 and 3 storey building within a mixed parade of shops/commercial and residential upper areas.

A William Hill Betting shop sits on the ground floor and does not form part of the opportunity. Planning has been granted ref: 08/17/00250 by Sedgemoor BC to convert the vacant areas to 16 bed HMO together with on site car parking.

St Johns Street is situated to the east of the town centre and connects with the ring road and junctions J23 and J24 M5 a further 1 mile to the north and south. Trains to London are 2.5 hours via Taunton, or Bristol 1.10 hours via Weston Super Mare.

Bridgwater has a population of 41,000 with largest employers including Argos, Bowerings Animal Feeds, Gerber drinks and Toolstation. Hinkley Point Power station is approx. 5 miles to the north west being constructed by EDF Energy. This is the first new nuclear power station in the UK for a generation and throughout its 10 year construction, the development is likely to create over 25,000 new employment opportunities.

The borrower will be Luke Abbott who has exchanged on the purchase of the property and will complete on May 1st 2018. He has purchased the property in an SPV - LWA Investments Ltd (Company Registration Number - 10814656).

CrowdProperty has agreed to lend £475,000 for a period of 15 months

RICS view of expected value at out turn of project £1,000,000

Purchase price £230,000 with RICS view of current value having achieved planning - £400,000.

Estimated build cost - £300,000

The loan will be released in phases. Phase 1 - £175,000 – towards the purchase price and phase 2 - £300,000 released in tranches on IMS verification. Loan term 15 months max.

LTV is 43.75% < 53% (including rolled up interest).

Borrowers exit strategy is to refinance and hold as long term investment.

1st charge security on the property will be offered in favour of CrowdProperty.

exit strategy

Re finance and hold long term as an investment

indicated return for your pledge



min. loan (6 months)



15 month loan



CrowdProperty Comments

The development of Hinkley Point nuclear power station a few miles to the north west will provide a welcome economic boost. The town will require additional accommodation to house the Contractors and Suppliers linked to this project and CrowdProperty believe this project will go some way to fulfilling this demand.




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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