11 Bright Street, Hartlepool
*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: 11 Bright Street
Property type: House - Terrace
Property age: 1900 - 1949
Market type: Other
Description: A 2 bedroom refurbishment project in a popular town enjoying strong rental demand. This ideal rental property has been purchased at a price significantly below market value and will be fully refurbished. Post refurbishment, the value is estimated to be £72,500 with a rental value of £450 per month, offering investors good capital growth along with rental income over the 12 month period. Read more.
The Borough of Hartlepool, housing a population of 90,000 people, has seen a major transformation over the past 20 years through regeneration programmes and public and private sector investment. The town now has major visitor facilities and a revitalised town centre with a wide range of retail facilities.
This property is strolling distance from Middleton Grange Shopping Centre, the third largest in the North East. Home to 140 retail outlets including Marks & Spencer, New Look, River Island, WH Smith and many more.
*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.
|Total Fund Required||£58,690|
|Less Finance & Deposits||-N/A|
|Remaining Funds Required *||N/A|
|Ordinary A Shares - Developer Equity||N/A|
|Ordinary B Shares - Crowd Equity||N/A|
|Orindary C Shares - Crowd Equity||N/A|
* Shares may be issued in Tranches to avoid delays
|Projected Net Sales Proceeds||£11,827|
|Total Capital Yield||20.2%|
|Share of Growth Paid||60.0%|
|Capital Return to Investors||12.1%|
This is the CrowdLords Risk Rating. It shows where the investment lies on our Risk Return Profile. 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. We rate Risk across 5 parameters and grade them as being A, B, C, D or E. A being lower Risk.
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:
As a young, 24 year old entrepreneur who runs a successful and growing digital services business in London, Joe sees property investment and management as a way of getting onto the property ladder.
He is a practical and commercially minded individual who, having ploughed all his time and money into his business since he left university, is now looking to build capital for a deposit for his first home. He's targeting properties where it's possible to add value whilst also delivering a good income return to fellow Investors.
I am the Co-Founder and COO of a growing web services business based in London
How long have you been involved in property?
This is my first foray into property. I’ve been looking at it since I was 16 but have not, until now, had enough capital to get started having piled everything into my business venture – which is now stable and generating profits.
How big is your property portfolio?
I don’t have one, yet. But I’ve spent many years watching the market and improving my knowledge and now I’m ready to take on the responsibility and do it for real
What development experience do you have?
None so far, but I do have good business experience that stands me in good stead.
I see it as being the same as running a business. I have a product to market to a particular audience. It’s important I find the right customers and that I deliver a good service. And as long as I look after the product, get the pricing right and deal with all the legislation and bureaucracy – I can make it a profitable business for us all.
Why did you choose to raise finance through CrowdLords?
I was attracted by the equity model as opposed to using debt.
CrowdLords enables me to start to build my portfolio at a decent rate, only limited by my ability to find the right properties and the amount of effort and hard work I am willing to put into it, as opposed to being limited by my bank balance.
Why the North East?
I am targeting areas with steady or increasing rental demand combined with higher than average yields.