Loan

Loan #860978 The Avenue Sale, M33 4PH, United Kingdom

Property location
50 The Avenue Flat J, Oakleigh House Sale M33 4PH 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 2nd floor studio flat in the immensely popular Greater Manchester suburb of Sale.

Sale in the centre of Trafford has become one of Greater Manchester’s hotspot areas in recent years and was rated the fourth best place to live in the country, beating the likes of Altrincham and Didsbury. And is now experiencing a boom in house values and sales, with homes selling quicker than ever.

Built along the Bridgewater Canal, the large suburb has an array of shops, cafes, bars, restaurants and is well known for having an abundance of great primary and secondary schools.

A full refurbishment will be carried out to create a high spec, modern studio flat. 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 £177,500, providing excellent security on exit.

The total cost of the project including purchase and funding costs is just over £126,000 with a healthy profit of over £50,000 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 7 months allowing 2 months flexibility on our proposed schedule.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 168,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €168,000.00
  • 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) 125.0%
  • Loan To Value (LTV) 80.0% i
  • Location
    United Kingdom
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