Información General

  • TIR%: 8
  • CoC%: 8
  • Mínimo: 0 GBP
  • Tipo de financiación: -
  • Tipo de bien: -
  • Inversores: 673
  • Fecha de Inicio: 2020-10-23
  • Fecha de Fin: -
  • Objetivo: 575k GBP
  • Completado: 100%

Información Adicional

  • Land at Hinton St George
  • TA178SL
  • Somerset
  • Somerset
  • Reino Unido

This is the final phase of a multi phase raise totaling £2,800,000 to provide construction costs for the development of 10 new residential units in Hinton St George Somerset. The loan was completed in Mid 2019 and an initial advance of £455,000 was submitted to the borrower to cover design fees and initial construction costs. Construction commenced on site in September 2019 and since then we have raised a further £455,000, £400,000, £465,000 and £450,000 to provide monies towards the works - total raised to date = £2,225,000. This raise of £575,000 will cover estimated costs for the October to December 2020 period and expected completion of the works. This phase will be for a term of about 5 months ending 9th March 2021 paying 8% per annum equivalent with interest rolled up and paid at exit of the loan. Given there are 10 properties being built it is expected all lenders across all phases will have their capital and interest returned in tranches as properties are sold at different times. Hinton St George, Somerset, TA17 8SL is situated 4 miles North West of Crewkerne, 12 miles South West of Yeovil and 17 miles South East of Taunton. Crewkerne Railway Station is based on the West of England mainline approx. 5 miles from Hinton St George with trains to Exeter (50 mins) and London Waterloo (2.5 hours). Hinton St George is a popular and affluent South Somerset village with a population of circa 442 (2011 Census). The village includes a primary school, award winning pub and village store. The site is situated on the East side of the village and has been in the ownership of the same family for nearly 40 years. It is rectangular in shape with a level topography and totals approx. 1.02 acres. Access to the site is directly off Merriott Road, a public highway. There is a private farmer's right of way from Merriott Road through the site to access the rear field. The site is nearing completion of the works with the 10 houses and all external works about 6 - 8 weeks from Practical Completion. Planning consent was granted ref. no. 17/02545/FUL on 19th April 2018 by South Somerset Council. A further application no. 18/01345/S73 was approved to vary internal layouts, window positions, the removal of car ports and minor external alterations. The houses comprise a mix of 2 – 5 bedroom. Three of the units will be set aside for Affordable Housing as required within the planning consent. Construction is of a high quality traditional 2 storey development - some with attic extensions and built using local “Ham” stone elevations under pitched and hipped roofs. The breakdown of the sizes of the houses are as follows:- Plots 1 - 3 3 x 2 bedroom house 959 sq ft each Plot 4 1 x 5 bedroom house 1,721 sq ft Plots 5 - 6 2 x 3 bedroom house 1,026 sq ft each Plot 7 1 x 3 bedroom house 1,018 sq ft Plot 8 1 x 4 bedroom house 1,231 sq ft Plot 9 1 x 4 bedroom house 1,246 sq ft Plot 10 1 x 5 bedroom house 1,711 sq ft Total floor area: 11,856 sq ft (1,101 sq m)

Proyecto ofrecido por

CrowdProperty

Gane 8%p.a. en declaraciones aseguradas de primer cargo, libres de impuestos a través del CrowdProperty ISA.

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