Please note, due to the size of the project and current AutoInvest demand, this project will be funded 100% by AutoInvest. As such, this means there will be no Self-Select pledges on this project. The project is the erection of a 5 bedroom detached dwelling at Westgate, Churchstow, TQ7 3QN. The borrower has purchased the plot of land which has a Market Value of £260,000 (RICS verified) and CrowdProperty have agreed to a £497,000 loan facility to be raised in 2 phases, lenders to receive 7.8% p.a. for a loan term of 15 months, rolled up and paid at exit. The property is located within the village of Churchstow is in the South-West of England near the Torquay coastline, with a population of 465. The site lies 18 miles South-East of Plymouth and 14 miles South-West of Dartmouth, and is situated 3.3. miles from Bantham Beach and 3.9 miles from South Devon's Area of Outstanding Beauty. The A38 is 12 miles from the plot and provides a direct link between Plymouth and Exeter to the North. The immediate area benefits from a local pub, a convenience store and a church. The town of Kingsbridge is approximately 2 miles away from the subject plot and has two large supermarkets, several restaurants and pubs. The site is an individual building plot of approximately 0.3 acres and has detailed planning consent 1926/17/FUL for the erection of a 5-bed detached dwelling with an integral garage. The completed development will total 4,746 sq ft including the integral garage and will comprise the following: Ground Floor - Open plan living / kitchen / dining space Snug / second separate living room W/C Wet room Utility room Double garage Lobby Shower room First Floor - Bedroom one with en-suite including bath Bedroom two with en-suite including bath Bedroom three with en-suite shower room with WC Bedroom four with en-suite shower room with WC Bedroom five with en-suite shower room with WC Third living room Outside terrace space Since the commencement of phase 1, the foundations, lower ground floor slab and underground drainage have been installed, and tanking to the retaining wall is ongoing.
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