Fully Funded

2 Garages, Lansdown Terrace Lane, Cheltenham, GL50 2JU

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

£315,000

interest paid*

8%

funds pledged

£315,000

number of investors

226

% of target pledged

Fully Funded

project type

Residential (Standard Construction)

loan term

up to 12 months

security

1st charge

project phasing

1 of 1

total loan facility

£315,000

floor area

603 sq.ft.

rics valuation

£285,000

cost of work

£130,000

est. sales value (gdv)**

£550,000

initial loan to value

70%

loan to gdv

57%

owed at exit to gdv***

63%

strategy & vision

ABOUT THE PROJECT
The proposed project is the conversion of 2 Garages at Lansdown Terrace Lane, Cheltenham, GL50 2JU into a pair of mews cottages. The Borough of Cheltenham has a population of approximately 117,000 and is situated on the western edge of the Cotswolds.

LOCATION AND DESCRIPTION
Cheltenham is located 8 miles and 24 miles respectively from the cities of Gloucester and Worcester, accessible via the A40 and M5. The town of Cheltenham benefits from Cheltenham Racecourse which is home to the renowned Cheltenham horse racing Festival. The town is also well known for its regency architecture including the Pittville Pump Room which is a remnant of its spa town history. The town centre itself provides a variety of bars, restaurants and shops.The town is also known for its education, with several public schools including Cheltenham Ladies College and Dean Close school both located within 0.5 miles of this project.

In addition, the project benefits from being a 5 minute walk from the infamous Montpellier Quarter which is well known for boutique shops, architecture as well as several public gardens.

Cheltenham spa train station is located a 15 minute walk from the properties and offers an hourly service to London Paddington together with frequent services to Bristol and Birmingham

exit strategy

Upon completion of the works, the borrower plans to sell the properties

indicated return for your pledge
interest
total
min. loan (6 months)
£200
£5,200
12 month loan
£600
£5,600

CrowdProperty Comments


This project is the conversion of two garages into two storey mews cottages. The project is located near the desirable Montpellier area of central Cheltenham.

The

CrowdProperty

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Rigorous due diligence
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*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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