INVESTMENT PACK
Purchase and renovation of a detached 2-bed bungalow in Poulton-le-Fylde
OVERVIEW
This is an exciting investment opportunity to finance the purchase and renovation of a detached 2-bed bungalow to create a large 3-bed family home in the desirable area of Poulton-le-Fylde, Lancashire.
We are raising investment of £180,000 for a period of 12 months at an interest rate of 9% per annum. We are able to work with multiple funders on this project meaning we can work with investors with a minimum of £50,000.
The refurbishment will be completed within 3 months of purchase.
There are nearby comparable properties that sold for up to £320,000 in close proximity. We have two possible exits on this deal to return our investors money plus interest - sell the property for profit; or refinancing to release the capital and hold the property in our portfolio.
We are happy to offer prospective investors a tour of our live developments and to view any upcoming projects. Some of our previous projects can be viewed on our website and by clicking OUR PORTFOLIO in the top navigation menu.
WHY INVEST?
We are offering 9% per annum on your investment which is more than double what most banks are currently offering. As an example, If you were to invest £100,000 on this project you would be returned £9,000 (subject to a 12-month term).
Our investors tell us that they use their interest repayments to purchase vehicles and to spend on luxury holidays.
We have many years of experience in property investment and renovation projects. This particular project is a straight forward renovation, planning required and extremely low-risk.
SECURITY
We look after every penny of investor's money and return it all with the agreed interest on-time, every time. It is the only way we are able to grow our portfolio and our business.
Your investment would be secured by personal guarantees from the Directors against property valued at over £1.5m. Our company also owns over £2m in property which provides additional security for investors.
If £180,000 is invested by a single investor then a first charge on the property can be offered as additional security. The house is valued at £220,000 in its current condition so there is £40,000 equity before any renovation work takes place and the property will be worth an estimated £320,000 once work is completed.
THE NUMBERS
Purchase price: £180,000
Stamp duty: £5,400
Legal fees: £1,500
Estimated refurbishment: £44,200
Interest paid to investors: £21,600 (based on 12 month term)
Predicted value after refurbishment: £320,000
Profit on completion of work: £69,000
Nearby comparables:
Sold, Smaller property Unmodernised - 300k
House Price History (rightmove.co.uk)
3-bed semi up for sale Unmodernised
3 bed semi-detached bungalow for sale in Park Road, Thornton-Cleveleys FY5, £320,000 - Zoopla
Smaller 2-bed SSTC 3-bed semi up for sale
https://www.rightmove.co.uk/properties/132599804#/?channel=RES_NEW
Smaller 2-bed Sold
THE AREA
Poulton-le-Fylde commonly shortened to Poulton, is an affluent market town in Lancashire, England, situated on the the Fylde Coast. In the 2001 United Kingdom census, it had a population of 18,264. Poulton has the administrative centre of the borough of Wyre and is in the parliamentary constituency of Wyre and Preston North. It is part of the Blackpool Urban Area and approximately 5 miles (8 km) from Blackpool town centre; there are rail links to Blackpool and Preston, and bus routes to the larger towns and villages of the Fylde. Poulton has a library and two secondary schools; Baines School and Hodgson Academy. There is a farmers' market once a month and since October 2011 there has been a weekly market on Mondays in the centre of the town.