Fully Funded

Warton Lane, Austrey, Atherstone, CV9 3EJ - 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

New development

loan term

up to 15 months


1st charge

project phasing

1 of 2

total loan facility


floor area

8886 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 proposed project is situated at 18 Warton Lane, Austrey, Atherstone, Warwickshire CV9 3EJ. Austrey is a small village with a population of 1500 residents and is well connected to M42/A42 Junction 11 approx 2 miles to the east. The towns of Nuneaton and Atherstone are both less than 8 miles away and have train stations which provide direct connections to London Euston in 1 hour 15 minutes.

The village provides a local primary school and public house which are both just a short 10-minute walk away from the site. The village is also close to further leisure and tourist attractions including Twycross Zoo and Drayton Manor theme park which are 2.3 miles and 9.7 miles away respectively.

The site currently comprises a three bedroom dwelling with a double garage. The borrower has since gained planning in order to renovate and extend this property as well as build a further 3 x 5 bedroom detached properties. Planning permission was granted by North Warwickshire Council and the application can be found using the reference number (PAP/2017/0375).

The development will be made up of four units which include:
The extension and renovation of the existing dwelling to create a 4 bedroom property
2 x 5 bedroom properties with integral garages
1 x 5 bedroom property with a detached double garage

The site is connected to Warton Lane by a joint private driveway

The current market value (RICS verified) is £425,000.

Estimated build costs for the project are £750,000. With the inclusion of sunken costs, cost of finance, professional fees and contingencies, total costs are estimated at £1,300,000. With a GDV of £1,815,000 estimated out turn profit is estimated at £515,000.

CrowdProperty has agreed to lend the borrower £900,000 across three phases for a maximum of 15 months. The first phase raise will be £400,000, with a further two raises of £250,000 each to be offered during the course of 2019. The borrower will receive a day 1 advance of £297,000 in order to clear the current debt on the property. This represents an initial Loan to Value of 69.9%. The initial works will be funded by the borrower's own equity. The estimated Loan to Value at exit to GDV will be 54.5% including rolled up interest.

The borrowers exit strategy is to sell the properties once he has completed the building works.

The 15 month loan term is a max term and the borrower can pay back the whole or part anytime between 6 and 15 months. As the development comprises 4 houses part repayment is expected as house sales will complete at different times.

As with all CrowdProperty's loans the site and property will be secured by way of a 1st charge registered with the Land Registry.

Targeted loan commencement date for this project is 31/01/2019.

exit strategy

Upon completion the borrower is looking to sell the 4 units and re-pay the loan

indicated return for your pledge



min. loan (6 months)



15 month loan



CrowdProperty Comments

Austrey, is a well connected village in North Warwickshire that is undergoing a modest amount of new housing development. The 2 adjacent schemes totalling 13 houses have all sold adding proof to the credibility of this development.




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.

share this project

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.

ask a question
Property Awards
Property Awards
Growth Finance
Birmingham Post
Money Net Awards
P2P Finance News
Bridging and Commercial
Money Age
Money Age
peer2peer Finance Association
Brismo Verified
ECN Gold Member
UK CrowdFunding
UKPropTech Association
Trusted Land
As featured in...
financial times
the times
City AM
Daily Mail
FT Weekend
The Sunday Times
Investors Cronicle
The is money
Business Life
Die welt
Property Week
Development Finane Today
Property Investors News
Property TV
Peer2Peer Finance News
Angel News
University of Cambridge - Judge Business School