Fully Funded

Land between 30 & 32 Highfield Street, Earl Shilton, Leicester, LE9 7HS

Please note, for this project, pledges will be limited to a maximum of £2500 until 10.05am. After 10.05am, you can create pledges larger than £2500 or increase the size of your pre-existing pledge. This is subject to the project amount remaining which needs to be raised.

loan amount

£125,000

interest paid*

7%

funds pledged

£125,000

number of investors

234

% of target pledged

Fully Funded

project type

New build

loan term

up to 12 months

security

1st charge

project phasing

1 of 1

floor area

1532 sq.ft.

purchase price/value

£295,000

cost of work

£125,000

loan to value

27.12%

est. sales value (gdv)**

£475,000

owed at exit to gdv***

28.55%

strategy & vision

This launch will be a single raise of £125,000 to contribute towards the remaining build costs of the project.

For this project, a £2,500 pledge limit will be in place for the first 5 minutes to provide all those who have taken the time to perform their due diligence a chance to participate, given the current demand for CrowdProperty projects. After 10:05am, pledges greater than £2,500 can be created or existing pledges can be increased, subject to availability. Additionally, CrowdProperty AutoInvest functionality can automatically pledge on your behalf at 10:00am although the actual pledge on a project might be scaled back subject to demand and therefore your AutoInvest pot may be spread across more loans than your original settings.

The proposed project is situated at Land between 30 & 32 Highfield Street, Earl Shilton, Leicester, LE9 7HS. Earl Shilton has a population of approximately 10,047 and is located between Leicester and Coventry, 11 miles and 18.2 miles respectively.

Earl Shilton provides all the necessary amenities with a high street of retailers including the Co-op, Domino's Pizza and a number of small boutique shops.
The site is currently under construction with the brickwork being completed up to roof level. The borrowers are applying for £125,000 so that they can complete the build. Planning permission was granted by Hinckley and Bosworth Borough Council under planning reference: 17/00160/FUL for the erection of 6 apartments. The site area is estimated at 0.08 acres.

exit strategy

Upon completion of the construction works the borrower will look to re-finance onto a long term mortgage and profit from the rental income.

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

CrowdProperty Comments


With the borrowers being part way through the development and with over 20 years of property experience, CrowdProperty believes this is a very secure project for the Crowd. The borrowers professional careers are in the financial and mortgage sector which will ensure that the re-finance is completed effectively and efficiently.

The

CrowdProperty

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Rigorous due diligence
1st Charge Security
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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 will depend on individual circumstances and may be subject to change. See our full risk warning.

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