General Information

  • IRR%: 8
  • CoC%: 8
  • Minimum: 14.8 GBP
  • Type: -
  • Asset: -
  • Investors: 348
  • Start Date: 2019-05-11
  • End Date: -
  • Target: 145k GBP
  • Completed: 100%

Additional Information

  • South Lawn Terrace
  • EX1 2SW
  • Exeter
  • Exeter
  • Great Britain

Due to unprecedented product demand and as a result of user feedback, we have introduced a pledge limit for this project on a trial basis. This is to give those that take valuable time to perform necessary due diligence the greatest opportunity to successfully pledge at 10 a.m. Pledges will be limited to £5000 for the first 5 minutes that the project is live. Post 10.05 a.m pledges greater than £5000 can be created, or an existing pledge for this project can be increased (subject to availability). The project is a bridge (bullet) for the purchase of: 18 South Lawn Terrace, Exeter, EX1 2SW. Exeter is a city with a population of approximately 130,000 and is part of the county of Devon. The city is located on the River Exe and is situated approximately 35 miles from Taunton via the M5 and 45 miles from Plymouth via the A38. Exeter provides a range of services and attractions including Exeter Cathedral, the Royal Albert Memorial Museum and Devon Wildlife Trust. It also offers a range of restaurants, bars and hotels and as well as several primary schools, secondary schools and the renowned University of Exeter. The city also boasts Exeter airport which provides flights to various European locations including Amsterdam, Rhodes, Zante and Malaga. The city also has three train stations; Exeter St Davids, Exeter Central and Exeter St Thomas which provide trains to locations including London, the South West and Plymouth as well as services to the north including Aberdeen and Manchester Piccadilly. The property is located in Heavitree, Exeter which is just 1.5 miles east from the Exeter city centre and therefore benefits from the services mentioned above. Heavitree also has it's own amenities including several supermarkets, a pharmacy, a petrol station and several local shops. The property itself is directly opposite a doctor's surgery and a primary school, and benefits from being 0.5 miles away from the Royal Devon & Exeter Hospital. The borrower has exchanged contracts for the purchase of the property and is set to complete on the 29th May 2019. The property is a late Victorian terraced house built in the late 1800's. The property is located within a conservation area and thus permitted development rights are extinguished. The property formerly had a business on the ground floor and therefore the descriptions below are based on the former room types. The property is currently comprised of 1380 sq. ft spanning across three floors: Ground Floor:- Entrance hall, sitting room, dining room and a bathroom with a sink First Floor:- Two bedrooms Second Floor - Two Bedrooms The property also has a garden to the rear but has no garage. There is however, parking immediately outside which requires residential permits. CrowdProperty has agreed to lend the borrower £145,000 in one raise to purchase the property.

Project offered by

CrowdProperty

Earn 8%p.a. first-charge secured returns, tax-free through the CrowdProperty ISA.

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