Loan

Loan #1580990 42 De-La-Beche Road Sketty SA2 9AR United Kingdom

Property location
42 De-La-Beche Road Sketty SA2 9AR United Kingdom

Executive Summary

This property renovation project in Swansea, South Wales, is ideally located near Swansea University, a major hospital, schools and transport connections. The developer plans to renovate the detached property and convert it into a modernised main house and separate cottage. While the plan is to resell the houses, an alternative exit plan is to retain and rent them as holiday accommodation. Local residents and doctors have expressed interest in purchasing the properties, and a housing provider has offered a 10-year lease for care residents with an estimated annual figure of £85,000.  

The period property occupies a corner plot and currently consists of six bedrooms and two huge reception rooms over three floors, as well as a separate one-bedroom cottage. The plan is to renovate the property, add two bathrooms and separate it into two units for resale to local buyers whom have already expressed interest. The developer has planning permission in place for an independent access to the cottage in view to split the titles and sell them separately. Valuations pre and post-renovation have been conducted by an RICS certified surveyor.

The property is in an excellent location, just a stone’s throw from Singleton Hospital and Swansea University, opposite the outstanding Bishop’s Gore School and Singleton Park, and just a 15 minute walk to the beach. The city centre, train connections and major motorways are also just two miles away.

Swansea is a historic city in South Wales (UK) and the second largest city in Wales. Swansea has three universities with a total international student population of over 18,000. Swansea’s stunning waterfront, bay and beaches make it a desirable location for tourists, students and domestic holiday makers.
The project developer, Greenshire International Ltd., has negotiated planning consent on five schemes which will enable it to deliver more than 15 units of housing. There are also a further three schemes being prepared for future projects.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 401,600.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €401,600.00
  • Profit share 0.00%
  • Term 9 Months
  • Payment frequency 1 months
  • Loan purpose Buy to sell
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 125.0%
  • Loan To Value (LTV) 80.0% i
  • Location
    United Kingdom
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