99 Ballam Rd, Lytham Saint Annes
Funded
Total Fund
PLEASE NOTE: This is a leveraged investment that uses debt secured via a first charge on the development. As such there is a risk that in the event that the debt is not repaid, that some of your capital is not repaid.
*Shares with a preferred minimum return are preferential to all other shares up to the minimum return level. This means that the minimum return (i.e. 16% p.a.) will be paid out first from profits before any other distribution to other shareholders. With this investment Class B and Class C shares are deemed as equal in terms of priority and are both preferential to Ordinary Class A Shares.
Property name: 99 Ballam Road
Address: Lytham
Property type: Flat - Purpose built
Property age: 2000+
Market type: Young professionals
Description: Harrison Hunt are pleased to offer the opportunity to be involved in the development of 8 luxury apartments next to one of Lytham's golf courses. The project involves the demolition of the existing large villa to be replaced by a striking modern building sitting within the existing mature gardens. Read more.
Lytham, along with it's neighbour St Anne's on Sea, are situated on the Fylde coast at the estuary of the River Ribble. Together they are probably best known for their four golf courses, the most notable being the Royal Lytham & St Annes Golf Club. According to the Guardian, "Lytham is so posh that the entire town appears to consist of wide avenues lined by genteel late Victorian, Edwardian and 1920's villas peaking behind trees".
For such a peaceful location, Lytham is actually well served by main roads and public transport. The motorway offers direct access to Blackpool and Preston. The town also has two railway stations, Ansdell & Fairhaven and Ballam Road, which offer frequent trains to Blackpool North, Kirkham, Preston and Colne.
Ballam Road is a 1920's addition consisting of large villas and generous mature gardens, nestled between Lytham Hall Park and Lytham Green Drive Golf Course.
The area appeals both to older buyers looking for a quiet life and a wide choice of golf courses, or young professional families attracted by good schools and a lively town with a cafe culture
Local Property Market analysis uses House Price Index data from The Land Registry. The commentary is opinion only and should not be taken as fact.
| Purchase Price | £480,000 |
| Stamp Duty | £54,000 |
| Legal & Professional Fees | £150,500 |
| Development Costs | £1,875,000 |
| Contingency Allowance | £75,000 |
| CrowdLords Fees | £33,500 |
| Total Investment | £2,668,000 |
| Less Development Finance | -£2,263,000 |
| Remaining Funds Required | £405,000 |
| Developer Equity | £70,000 |
| Crowd Investors Class B Shares | £176,500 |
| Crowd Investors Class C Shares | £158,250 |
* Shares may be issued in Tranches to avoid delays
| Gross Development Value* | £3,860,000 |
| Market Growth** | £0 |
| Gross Sales Price | £3,860,000 |
| Vendor Final Payment | -£320,000 |
| Unused Contingency | £7,500 |
| Sales & Finance Costs | -£235,716 |
| CL Growth Fees | -£26,315 |
| Gross Profit | £617,469 |
| Corporation Tax | -£117,319 |
| Projected Net Profit | £500,150 |
| Share of profits payable to Class B shares*** | 14.1% |
| Projected Dividend for Class B shares | £70,700 |
| Projected Total Return for Class B shares*** | 40% |
| Share of profits payable to Class C shares*** | 10.1% |
| Projected Dividend for Class C shares | £50,515 |
| Projected Total Return for Class C shares*** | 31.9% |
*The stated Gross Development Value is based on the current sales values according to local agents
**Market Growth has not been considered which is normal practice
***B Class Shares are only available for investments over £25,000
| Investment Period | 18 Months |
| Projected Total Return | 31.9% |
| Projected Total Annualised Return | 21.3% |
| CrowdLords Risk Rating | |
| Market Sensitivity | B |
| Time Sensitivity | A |
| Cost Sensitivity | B |
| Preferred Return | B |
| Experience | E |
| Overall | C |
* The Deveopment Risk Return Profile is a subjective assessment made by CrowdLords based on the information provided by the Developer. It is different to the BTL Risk Reward Profile and they should not be compared directly. Investors should make their own assessment of Risk & Reward before investing
We include a CrowdLords Risk Rating to illustrate where the investment lies on our Risk Return Profile. Where risks are higher it is usual to expect a higher return and this is designed to aid quick comparisons only. It is our opinion only and should not be taken as a recommendation. You should judge the Risk for yourself using the information provided and your own investigations to form your own opinion.
We rate Risk across 5 parameters and grade them as being A, B, C, D or E. A being lower Risk. The five areas we grade are:
Harrison Hunt operates in the space between the national volume house builders and local small-scale developers with our ethos being the creation of beautifully designed, bespoke, sustainable schemes across the UK.
What we have to offer:
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