Loan

Loan #1113632 Wilmslow, SK9 6HL, United Kingdom

Property location
53 Ravenswood Road Wilmslow SK9 6HL United Kingdom

Executive Summary

Bluetouch Homes Ltd is delighted to present its latest opportunity; the redevelopment of a semi-detached property in Wilmslow, Cheshire, into a spacious, four-bedroom family home. The plans include an open kitchen/living room, a large private driveway and landscaped gardens.

Wilmslow is a highly affluent area, boasting some of Cheshire’s most expensive postcodes with property values high across the board and family homes in high demand.

The property prices reflect the area’s excellent schools, transport links and thriving town centre with independent shops, bars and restaurants. The train station has direct trains to both Manchester and London airport. Additionally the motorway network within close proximity.

A full refurbishment, remodel and permitted development extension will be carried out to create a high spec, modern home. The project benefits from an onward sale pre-agreed to one of our clients, for whom we source and acquire numerous properties before completing any necessary works and handing over. The sale has been agreed for completion of works at £675,000, providing excellent security on exit. The total cost of the project including purchase and funding costs is just €690,000 with a healthy profit of over €95,000 and represents good value for an investor to secure a healthy, low risk return on a project we have a pre-agreed sale for. We expect to complete the program of works within 10 months allowing 4 weeks flexibility on our proposed schedule.

Investing FAQ
Loan terms summary
  • Interest per annum 12.00%
  • Fully subscribed 635,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €635,000.00
  • Profit share 0.00%
  • Term 12 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 126.3%
  • Loan To Value (LTV) 79.2% i
  • Location
    United Kingdom
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