Loan

Loan #746753 Manchester, M30 8AE, United Kingdom

Property location
1 Shackleton Street Monton Manchester M30 8AE United Kingdom

Executive Summary

Bluetouch Homes Ltd bring another exciting opportunity to the platforms investors. We are now looking to raise funds for the latest development which is a 3-bedroom semi-detached property in Monton. Often referred to as ‘The New Didsbury’, Monton is an ever increasingly popular Manchester suburb with a thriving high street. As with most of Manchester, property prices in Monton are booming and have risen by nearly 70 per cent since 2013. Well located for the M60 and M602 motorway network, Monton also benefits from being on the doorstep of Eccles and the metrolink line into Manchester City Centre.

A full refurbishment will be carried out along with a single storey extension to the ground floor to create excellent open plan living space, taking the total square footage to 1150ft². This project benefits from an onward sale pre-agreed to one of our corporate clients, for who we source and acquire numerous properties before completing any necessary works and handing over. The sale has been agreed for completion of works at £400,000, providing excellent security on exit.

The total cost of the project including purchase and funding costs is £330,000 with a healthy profit of just over £70,000 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 6-7 months allowing 2 months flexibility on our proposed schedule.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 375,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €375,000.00
  • Profit share 0.00%
  • Term 9 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 128.0%
  • Loan To Value (LTV) 78.1% i
  • Location
    United Kingdom
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