Vicarage Farm Rd, Peterborough
Funded
Total Fund
*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: Varity House
Address: Peterborough
Property type: Flat - Purpose built
Property age: 2000+
Market type: Young professionals
Description: Varity House will comprise 97, one and two bedroom, apartments with parking. Set within landscaped grounds, this stylish conversion is conveniently located just a mile from Peterborough City Centre. Read more.
Despite lower than national average growth in recent years, Peterborough is going through a renaissance with values expected to increase steadily over the coming years. Situated just 80 miles north of London it is building a reputation as a long term sustainable growth area.
Already a key player within the 'London-Stanstead-Cambridge-Peterborough corridor' - a priority growth area defined by CLG - Peterborough has attracted a number of high profile businesses that have begun relocating to the area. Eight years into a fifteen year £1 billion redevelopment, the City's transformation grows from strength to strength; and this has resulted in significant rental demand which currently outweighs supply by around 2:1.
*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 | £82,995 |
| Stamp Duty | £2,490 |
| Legal & Professional Fees | £2,200 |
| Contingency Allowance | £1,200 |
| CrowdLords Fees | £4,000 |
| Total Investment | £92,885 |
| Funds already raised | £28,524 |
| Remaining Fund Required | £64,361 |
| 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
| Gross Development Value* | £105,000 |
| Market Growth** | £5,050 |
| Gross Sales Price | £110,250 |
| Contingency Fund | £1,200 |
| Sales Costs | -£2,854 |
| CL Growth Fees | -£0 |
| Gross Profit | £15,711 |
| Corporation Tax | -£3,142 |
| Projected Net Profit | £12,569 |
| Projected Total Capital Return | 19.5% |
| Share of Equity held as Class C Shares | 69.0% |
| Share of Growth Paid to Class C Shares*** | 77.5% |
| Capital Return to Investors | £6,750 |
| Projected Capital Return to Investors | 10.5% |
*The stated Gross Development Value is based on the current sales values achieved within the area
**Market Growth has been estimated based on reference to market forecasts for the region
*** B Class Share holders are eligible to 180% of their share of capital growth, and C Class Share holders 77.5%
| Investment Period | 1 Year |
| Discounted Sales Price** | 8.5% |
| Market Appreciation | 2.0% |
| Income Return* | 2.8% |
| Projected Total Return | 13.3% |
| Projected Total Annualised Return | 13.3% |
| Investment Period | B |
| Macro Location & Market | C |
| Micro Location | C |
| Level of Development | A |
| Landlord Track Record | A |
| Overall | 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:
Prosperity Group is a Birmingham based property development company that specialises in delivering UK investment properties for property investors around the world.
Whilst they have a Midlands focus their developments are located throughout the UK in areas where they see rental demand is high combined with sustained high employment.
The Group includes other related businesses including Clear Mortgage Co which provides a fully regulated mortgage solution for their clients and Lamont Estates estates agency, letting and management company facilitates the whole aftercare experience for their investors and home owners.
Most of the team work from their Birmingham office but they also have offices in Dubai, Hong Kong and Malaysia.
Their total portfolio includes 19 New Build and Conversion projects with a total value of £154m.
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