Loan

Loan #744839 Newport, NP19 8EN, United Kingdom

Property location
Lot 8, 242 Chepstow Road Newport NP19 8EN United Kingdom

Executive Summary

This property is located on the popular Chepstow Road in Newport and consists of four individual units. It will be refurbished to a modern and very high standard. This is a project that we financed before, but this time the purpose of the loan is renovation.

The four units within this property are self-contained, which means that each unit has it´s own gas and electricity supply. Another great advantage is that each unit has it´s own individual title. There is a very high demand for high standard rental properties, SA (Serviced Accommodations) and HMOs in this area. Many investors are looking for these kind of properties (block of flats, premium location, completely refurbished with split titles) for long term investment.

The property is located in a prime area of Newport, just 5 minutes away from the city centre by car and only 10 minutes away from Cardiff by train, which is the capital of Wales. Close to the commercial and residential area. Maindee. Newport city centre is approximately 1 mile to the southwest and provides a much greater selection of shops and facilities, as well as public transport by bus and rail. Close to Newport city centre Excellent road links to the M4 motorway via Junctions 24 and 26. Within close proximity, there are many hospitals, surgeries, GP practices, and primary and secondary schools.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 74,600.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €74,600.00
  • Profit share 0.00%
  • Term 11 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 129.0%
  • Loan To Value (LTV) 77.5% i
  • Location
    United Kingdom
Latest investments
  • 774994€400.002022-02-04 11:06:39
  • 774991€500.002022-02-04 11:06:39
  • 774989€500.002022-02-04 11:06:39
  • 774988€100.002022-02-04 11:06:39
  • 774978€100.002022-02-04 11:06:35