General Information

  • IRR%: 8
  • CoC%: 8
  • Minimum: 0 GBP
  • Type: -
  • Asset: -
  • Investors: 312
  • Start Date: 2019-09-26
  • End Date: -
  • Target: 262k GBP
  • Completed: 100%

Additional Information

  • The Water Tower, St George's Parkway
  • ST16 3WF
  • Stafford
  • Stafford
  • Great Britain

ABOUT THE PROJECT This project will be a single raise to provide funding towards the restoration and conversion of an existing Victorian era water tower close to the town centre of Stafford, the county town of Staffordshire in the West Midlands. The property comprises of a 4/5 storey derelict water tower estimated to have been constructed circa 1884. The property is located fronting onto St Georges Parkway and forms part of the redevelopment of the former St Georges Hospital in a residential location on the outskirts of Stafford town centre. Stafford is the county town of Staffordshire with a population of 63,681 (2011 census). Full planning permission has been granted by the Stafford Borough Council (ref. no.19/29943/FUL) in conjuction with listed building consent 19/29944/LBC to restore and convert the existing Victorian era water tower to a single-family residential unit. There will be no changes to the exterior and the interior will be converted to 3 bedrooms. LOCATION AND DESCRIPTION Stafford is located within Staffordshire approx. 6 miles (26 km) north of Wolverhampton, 18 miles (29 km) south of Stoke-on-Trent and 24 miles (39 km) north-west of Birmingham. The town is linked to major cities such as Birmingham and Manchester via the M6 at junction 13 and 14. The A34 runs through the town centre providing linkage to Stoke-on-Trent and Stone. The A518 road connects Stafford with Telford to the south west and Uttoxeter to the north east, and therefore is the main route to the major theme park at Alton Towers. The town is served by the Stafford railway station with regular services to Birmingham and Manchester. The property is situated close to the town centre of Stafford within a residential location and is of traditional solid brickwork elevations beneath a roof formed out of the water tank. Local amenities include: -Stafford College - 0.7 miles -Stafford Railway Station - 0.9 miles -J13 and J14 M6 - 3.8 miles Places of interest: -Stafford Rugby Union Football Club - 1.6 miles -Stafford Leisure Centre - 0.6 miles SITE AREA/FLOOR AREA Total site area: 0.062 acres Total GEA floor area of the building: 2690 sq. ft (250 sq. m) The accommodation will be laid out as follows after conversion: Ground floor: entrance hall, bedroom with shower room/WC First Floor: hall and kitchen Second floor: open plan living room Third floor: landing, bedroom with WC Water tank: bedroom, bathroom/WC

Project offered by

CrowdProperty

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

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