Trent House, Barnby Gate, Newark
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: Trent House
Address: Newark
Property type: Flat - Purpose built
Property age: 2000+
Market type: Young professionals
Description: Conveniently situated in Newark town Centre, Trent House will comprise 11 one bedroom apartments. Read more.
Nottinghamshire as a whole has seen property prices slightly underperforming the national average over the past twenty years, however, the county has improved comparatively, year-on-year and it is anticipated that this will continue.
Situated on the banks of the River Trent, Newark is a beautiful town centrally located only 1 hour 40 minutes from London by train, and serving as a perfect historic commuter town for nearby Nottingham City.
This development is only a 5 minute walk to the market square, across the road from Sherwood Avenue Park, and benefits from a central Newark location.
*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 | £79,996 |
| Stamp Duty | - |
| Legal & Professional Fees | £2,200 |
| Contingency Allowance | £1,800 |
| CrowdLords Fees | £2,200 |
| Mortgage Fees | £40,000 |
| Total Fund Required | £46,196 |
| 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* | £104,995 |
| Market Growth** | £22,627 |
| Gross Sales Price | £127,622 |
| Contingency Fund | £1,800 |
| Sales Costs | -£3,114 |
| CL Growth Fees | -£4,143 |
| Gross Profit | £35,969 |
| Corporation Tax | -£7,194 |
| Projected Net Profit | £28,775 |
| Projected Total Capital Return | 62.3% |
| Average Share of Growth Paid | 71.7% |
| Total Capital Return to Investors | £18,393 |
| Average Projected Capital Return to Investors | 44.6% |
*The stated Gross Development Value is based on local comparisons.
**Market Growth projections are opinion only and in reality this figure could be less or even negative
| Investment Period | 5 Years |
| Discounted Sale Price* | 22.8% |
| Market Appreciation** | 39.5% |
| Income Return* | 0.6% |
| Projected Total Return | 62.9% |
| Projected Total Annualised Return | 12.58% |
*Income Return figures assume that the property will be void for a period of two weeks each year of the investment term, that development takes 12 months of the term and that the rent charged will be £450 / month for the remainder of the term. In reality all of these variables might change
** Capital Return figures are based on the assumption that local property values increase in line with the LandLord’s subjective projection of 5.5% per annum. In reality, local values may not rise by this amount or may indeed fall from their current levels.
| CrowdLords Risk Rating | |
| Investment Period | A |
| Macro Location & Market | C |
| Micro Location | B |
| Level of Development | E |
| Landlord Track Record | A |
| Overall | C |
* 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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