Paid Back in Full


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 7 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

Commercial to Residential: A grade 1 listed building with listed planning consent to convert from offices to 10 residential apartments.

Hamilton Square is a town square surrounded by Georgian terraces. It is second only to Trafalgar Square in London for having the most Grade 1 Listed buildings in one place in England.
A RICS valuation was undertaken on 3rd August 2015 by AC Surveyors & Valuers. The surveyor believes the property in its current state is worth £475,000. He believes the value of the completed conversion works and creation of 10 apartments is £1,100,000.

As the CrowdProperty loan will be just £350k compared to the value of £475k, the Loan to Value (LTV) is 74%. The LTV will reduce as the building works progress, and will eventually be just 33.8% owed at exit to GDV.

The building is 5 storeys (including a basement) and will be converted into 10 X 2 bed apartments (2 apartments per floor). The apartments vary in size from 57 to 68 square metres.

Some strip out work has been completed and the developer with the assistance of his consultants will undertake the completion of the works on a fixed price building contract for £280,000 (excluding professional fees). There are time penalties included in the contract, which should ensure that work goes to schedule.

The Developer advises that all 10 apartments have been pre-sold at a reduced total price of £935,000. Selling these properties off plan at a discount has removed the risk of taking too much time to sell at the end of the development.

The developer’s solicitor is in receipt of non-returnable deposits from 3rd party purchasers. As soon as he owns the building these investors have to exchange contracts. Once the building work is finished, 2 months has been allocated to allow for these investors to complete the purchase so that the loan can be paid back in full in 8 months time.

exit strategy

indicated return for your pledge



min. loan (6 months)



7 month loan



CrowdProperty Comments

This is a great development project that we are delighted to have on the platform. The developer has brought in an experienced team of builders who have already converted one of the buildings in this square and so know exactly how to deliver the finished product according to the listed building requirements. The fact that the exit strategy is guaranteed, by having pre-sold the apartments off plan to investors, minimises the risks normally associated with this type of development where it can take some time to sell properties.

The developer is using their own funds to carry out the building work so the loan from the crowd is low compared to the Gross Development Value. All considered we believe this is a great opportunity for our lenders.

Please note that this project is the first using a different method of funding that we are testing on the platform. Instead of pledging and waiting until we reach the full funding target you can start to earn money as fast as 7 days after your funds are received by our solicitor .

This new model removes the uncertainly of when the loan will start and means you can make you money starting working for you sooner. We believe this will be a very popular project and so encourage you to pledge now if you want to be one of the 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.

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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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