This is a development facility for a development of four residential dwellings in a rural setting, 3 miles from the town of Shaftesbury, Dorset. CrowdProperty have agreed a total facility of £1,964,799 to be raised in 4 phases. This is the phase 3 and is for £470,000. Interest will be rolled and paid at exit with lenders receiving interest at 7.5% per annum equivalent.
Set in 5 acres, this site was formerly a collection of farm buildings, some of which have since been demolished, with the remainder being incorporated into the project. Access to the site is via a private drive, off Green Lane. Bordered by farm land, the plots will enjoy good views of the surrounding area. The town of Shaftesbury can be found 3 miles away, with Sturminster Newton 5 miles away. Both towns include good local amenities; with the main line railway train station at Gillingham 6 miles away.
The site benefits from planning granted by Dorset Council to demolish existing agricultural buildings and erect 4 No. dwellings with associated carport, curtilages and access; conversion of barns to carports: 2/2020/1025/FUL.
The completed development will compromise the below units:
Unit 1 - 4-bed detached house, 1,506 sq.ft
Unit 2 - 4-bed detached house, 1,721 sq.ft
Unit 3 - 4-bed detached house, 2,250 sq.ft
Unit 4 - 5-bed detached house, 2,530 sq.ft
Since the commencement of phase 2, the borrower has started works on the exterior stonework, timber cladding and glazing on all units. The installation of plumbing, electrics, utilities and decorating is underway and site landscaping has begun.
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