General Information

  • IRR%: 7.5
  • CoC%: 7.5
  • Minimum: 0 GBP
  • Type: -
  • Asset: -
  • Investors: 291
  • Start Date: 2019-08-14
  • End Date: -
  • Target: 300k GBP
  • Completed: 100%

Additional Information

  • The Copper Dog
  • LA12 0QP
  • Ulverston
  • Ulverston
  • Great Britain

This project comprises the new-build development of 4 residential units at a rolled up interest rate of 7.5%. The site is situated on the outskirts of Leece, a small village located to the South of the Lake District and more directly between Barrow in Furness and Ulverston, Cumbria. Barrow in Furness has a population of 69,087 (2011); the site is situated just 3 miles to the east enabling the residents of Leece access to the town's amenities including Furness General Hospital, Roose train Station, Roose School as well as sports clubs and local shops. The site is located just 1.9 miles north of the coast and 10 miles south of the Lake District National Park. Key employers in the region include BAE Systems, Cumbria County Council, GlaxoSmitthKline and Kimberly Clark. The property has detailed planning consent, planning ref: SL/2018/00884 from South Lakeland District Council for the erection of four dwellings. The property comprises the site of a former public house which has now been demolished in preparation for the proposed development. The borrower intends to sell the units upon completion. The development will comprise the following: Unit A (end of terrace): Ground Floor: Entrance hall, cloakroom, WC, open plan lounger/diner and kitchen First Floor: 4 bedrooms and bathroom Estimated GIA of Unit A: 131m2 (1,410 sq. ft.) Estimated GDV: £370,000 Unit B (mid-terrace): Ground floor: Entrance hall, cloakroom, WC, open plan lounger/diner and kitchen First Floor: 3 bedrooms and bathroom Estimated GIA of Unit B: 118 sq. m. (1,262 sq. ft.) Estimated GDV: £350,000 Unit C (mid-terrace): Ground floor: Entrance hall, cloakroom, WC, open plan lounger/diner and kitchen, utility room, one bedroom with en-suite. First Floor: 3 bedrooms and bathroom Estimated GIA of Unit C: 148 sq. m. (1,583 sq. ft.) Estimated GDV: £380,000 Unit D (end of terrace) Ground floor: Entrance hall, cloakroom, WC, open plan lounger/diner and kitchen, 2 bedrooms one with an en-suite First Floor: 2 bedrooms and bathroom Estimated GIA of Unit D: 141 sq. m. (1,508 sq. ft.) Estimated GDV: £400,000

Project offered by

CrowdProperty

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

Would you like to add this platform to your list?

Please Log In first

Don't have an account yet?

Sign up & enjoy all the services BrickFunding provides
Register