Loan

Loan #644631 London, SE17 1LS, United Kingdom

Property location
3A Walcorde Avenue London SE17 1LS United Kingdom

Executive Summary

The property only requires a light refurbishment and the lease is 92 years, meaning the whole lease extension process can be avoided. While the valuation was £410,000, having spoken to individual agents in the area, after refurbishment, anywhere upwards from £430,000 is deemed achievable.

The property is a well-proportioned ground floor one bedroom flat benefitting from a private yard to the rear and partly side of the building. Forming part of an attractive mid terrace three storey Victorian converted building, it comprises a living room, bedroom, kitchen with double doors leading to the private courtyard, and bathroom There is potential to extend and reconfigure to add a second bedroom subject to requisite consents. The property is in need of some light improvement works.

The property is located on Walcorde Avenue in a quiet cul-de-sac accessed off Browning Street. Just 0.3 miles from Elephant and Castle, the property is well positioned for access to local restaurants, bars, coffee shops and supermarkets. Elephant and Castle is currently undergoing a £4bn regeneration programme and the property is ideally located to reap the benefits of this.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 381,000.00 raised
  • Risk class i
  • Expires 6 day(s) left
  • Target amount €381,000.00
  • Profit share 0.00%
  • Term 6 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 118.5%
  • Loan To Value (LTV) 84.4% i
  • Location
    United Kingdom
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