Kennington Rd, Kennington, Oxford
Please note that this is a leveraged investment and that the providers of the debt finance will have a first charge over the property
This investment is subject to planning meaning that it will only go ahead following full planning approval and that the development costs might change as a result of planning decisions
*Target start date is 31st May 2018. Shares may be issued in two tranches to avoid delays.
** Projected return to be paid as a capital gain if circumstances make it possible to do so
*** The Minimum Preferred Return is the return payable to Crowd Investors before the Developer takes any profit themselves.
Property name: Kennington Rd
Property type: Flat - Purpose built
Property age: 2000+
Market type: Young professionals
Description: This is an opportunity to invest in an exciting new build development of 7 x 2 bed Eco Apartments in a prime residential area. It is expected to be a 18 month project and the developer is offering a projected annualised return of 21.6% over 18 months - with a minimum return of 15%. Read more.
Kennington is a prime residential location with a shortage of smaller homes and is situated on the outskirts of Oxford in a sustainable transport zone. It has fantastic road links to local areas as well as being adjacent to the A34 leading to the M4 corridor and the M40.
The development is in the heart of Kennington, on the main Kennington Road. There is good public transport links with buses (five minutes’ walk) running every 15 mins to the city centre where there are fast coach and train links to London. Kennington boasts a school, community centre, medical centre, pharmacy, post office, 2 mini markets, veterinary surgery and library and local public house all within 5 -10 minutes walk of the development.
Oxford has an economic microclimate with two universities and several science and technology parks. It is also the home of the BMW Mini and the factory is only 15 minutes drive away. There is a strong and steady rental market in Kennington which, being on the outskirts of Oxford, is an ideal location for first time buyers particularly since central Oxford house prices are now on a par with London.
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.
|Legal & Professional Fees||£10,000|
|Less Finance & Deposits||-£750,000|
|Total Funds Required *||£546,500|
|Ordinary A Shares - Developer Equity||£N/A|
|Ordinary B Shares - Crowd Equity||£N/A|
|Orindary C Shares - Crowd Equity||£N/A|
* Please note that this is a leveraged investment and that the providers of the debt finance will have a first charge over the property
|Gross Development Value*||£1,960,000|
|Gross Sales Price||£1,960,000|
|CL Growth Fees||-£14,670|
|Projected Total Capital Return||72.1%|
|Share of Profit Paid to Investors||12%|
|Capital Return to Investors||£47,512|
|Projected Capital Return to Investors||32.4%|
*The stated Gross Development Value is based on the current sales values achieved within the area for similar new build, 2 bed flats.
**Market Growth has been taken into consideration.
|Investment Period||18 Months|
|Projected Total Return||32.4%|
|Projected Total Annualised Return||21.6%|
|CrowdLords Risk Rating|
|Macro Location & Market||A|
|Level of Development||D|
|Landlord Track Record||B|
* The Risk Return Profile is a subjective assessment made by CrowdLords based on the information provided by the LandLord. 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:
Following the refurbishment of her first three properties which she sold within 3 days of marketing Kate discovered that she had a passion and natural flair for creating beautiful homes. In 2003 she studied for an MSc in Energy Efficient and Sustainable Buildings (Sustainable Architecture) and since then has designed and/or built numerous project in and around the Oxford area. These include a development of 7 x one bed apartments as well as 4 (1 & 2 bed) flats in the ever-popular Cowley area of Oxford which she rents out with high demand. She has also designed and built a beautiful 5 bedroom, 4 bathroom Eco house designed to maximise solar gains and with ground source heat pumps.
Kate’s successful track record is due to both experience and education having run her own business since receiving an MBA from Imperial College, London University.
Kate trades as Hartmore Homes, designing and delivering beautiful and comfortable, high quality homes satisfying modern day lifestyle requirements within sustainable residential properties.
Kate will be funding a large portion of her first CrowdLords's project with her own funds. Rather than seeking to raise the balance of funding required entirely through traditional banking routes she has decided to offer her project for crowdfunding as she believes that the opportunity to be involved in the creation of healthy and environmentally sound homes should be available to everyone looking for responsible investment opportunities.