Paid Back in Full

Forge Road, Tunbridge Wells, TN4 0PN

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 11 months


1st charge

project phasing

1 of 1

total loan facility


floor area

910 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 development involves the construction of a pair of semi-detached houses on the site of a former pub car park. The houses will provide kitchen, living room and separate cloakroom, 2 bedrooms and family bathroom. Each unit will comprise 455sf (gross internal) and will be 2 storey and traditional brick and pitched roof construction.

Planning permission ref. 15/500929 was granted by Tunbridge Wells Borough Council on 18th March 2015.

On completion of the build project the developers will sell the properties.

The RICS valuation believe the site with planning has the value of £205,000 and on completion of the project the houses will have a combined sale price of £550,000.
The loan of £310,000 will be advanced in the following stages. £90,000 on completion of legal formalities and the remainder in stages when works have been completed and verified by the Monitoring Surveyor.

The loan will be secured by 1st charge on the land and properties.

The initial drawdown will be of £90,000, therefore the initial LTV will be 43.9%. Further funds will be released as the project progresses.

The return on costs is estimated at 31.7% to include cost of land, construction cost, consultants’ fees, finance costs of £46,500 and exit fees of £12,250 (agents and legal fees).
The developer profit is estimated at £132,250.

exit strategy

indicated return for your pledge



min. loan (6 months)



11 month loan



CrowdProperty Comments

This is a straightforward new build development project. We like the fact that just one of these units needs to be sold with the other being refinanced to ensure that all of the lenders can get their funds back in good time. With full planning permission in place, experienced developers and a healthy profit margin this meets all of our criteria, which is why we have given it the CrowdProperty stamp of approval




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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