Paid Back in Full

Tamarinda, Farnham, GU10 3JY - Phase 2

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 12 months


1st charge

project phasing

2 of 2

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

Phase 1 of the project has been successfully delivered – raising the £275,000 from the crowd to pay off the outstanding mortgage on the current property and to cover the planning and consultant fees.
As a result of paying off the existing mortgage CrowdProperty now holds a first charge over the property. Also, planning permission was granted on 06/02/2015, You can see the planning details here:

The development now moves into Phase Two and this offering is for you to take part in funding the Phase Two of the development project.
The development involves the demolition of an existing bungalow and detached garage, followed by the construction of a new detached property of approx. 3,600sqft with high end finishes together with a detached double garage.

The design of the property has been prepared with consideration to local architecture, the landscape and site conditions, it is ideally located for respected local schooling, Farnham is less than 5 min drive as is the station for travel to Waterloo in just over an hour.

The Phase Two loan is for the sum of £575,000 for a loan term of 12 months, which will be used for the construction costs of building the new property. The 12 month term will be long enough for the demolition of the existing property, construction of the new build and sale.

The funds will be released at appropriate stages throughout the build, based upon sign off by a quantity surveyor employed on behalf of CrowdProperty.

The combination of Phase One loan and Phase Two loan will be a total of £850,000, which is secured with a first charge against the new build property.

There will be additional costs of £179,000 for finance and other costs meaning the total project cost will total £1,029,000.

exit strategy

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

CrowdProperty Comments

This is exactly the type of project we like to back on CrowdProperty. Very profitable and being run by a highly experienced property developer.

Now that Phase One is funded and planning permission has been granted we believe this will be a very successful project and anticipate that Phase Two will be filled quickly.




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. 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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As featured in...
Peer2Peer Financing Association
UK crowdfunding
UK Proptech Association