Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

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Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

160 Manor Road - Interim Equity

160 Manor Road


£182,550

Funded

£278,000

Total Fund

£200000 minimum raise

Term (Months)
18

Projected Annualised Return
20.0%

Strategy
Leveraged Development

Interim Equity
Projected returns are an estimate. Returns may go down or up based on the future market value of the property and rental values achieved.


Key Points


  • Greater London location

  • A new build of 9 apartments
  • Land has been acquired and construction is about to start
This project involves the demolition of the existing bungalow and the construction of a new 4 storey building (including basement) to deliver 9 luxury apartments.

Planning permission was granted on appeal on 21st February 2018 under reference EPF/3438/17. No affordable housing provision is required and the planning consent is not subject to any Section 106 or CIL obligations.

The design delivers 6,974 sq ft of residential space with a GDV of £4,945,000.


The developer is a well established and proven primary contractor which has been successfully delivering developments for many years.

Construction will be carried out by a group company on an arms length basis using a fixed price design and build JCT contract. 
Senior Debt is being provided by Octopus at an annual rate of 8% p.a. and this will be settled before the redemption of these shares.

Chigwell is an affluent and sought after town within Epping Forest District Council, about 12 miles to the north-east of Central London.
The site is in a prominent position on Manor Road surrounded mainly by high value residential properties.

There are a variety of boutique shops, restaurants and on Brook Parade circa 0.8 miles from the site. Chigwell Station offers a 32 minute journey to Liverpool Street station and Grange Hill Underground station is a 5 minute walk from the property.

Projected returns


Redeemable Class A Shares
  • Interim Equity
  • Fixed 18 month 
  • Target total returns of 30% (20% p.a.)*
  • Minimum investment: £5,000

Please Note
-The target return will only be paid if the project generates sufficient profit.
-The Preferred Redeemable Class A Shares must be redeemed before any dividends or capital is paid to any other shareholders
-In order to be Redeemed at the Redemption Price the development needs to generate £83,400 profit after tax which is just 20.35% of the forecast profit.
-These shares may only be redeemed once the Senior lender has been repaid. If the Redemption date is deferred or brought forward the Redemption Price increases to deliver an annualised return of 20% p.a.

Property name: 160 Manor Rd 

Address: Chigwell

Property type: Flat - Purpose built

Property age: 2000+

Market type: Young professionals

Local Property Market


Chigwell sits within the Greater London Urban Area, once a rural farming location and today one of the most sought after addresses in this part of the world. Chigwell has become popular due to it’s proximity to London, as well as for local amenities and landmarks, such as the iconic Epping Forest. If you’re looking for a location that’s as suited to couples and individuals as it is to families then Chigwell is well worth considering

Chigwell is located around 12 miles 
east of the capital and is part of the 'Essex Golden Triangle,' which is renowned for its wealthy local residents.  It has kept a largely rural feel, without the grey concrete of suburbia, thanks to tree lined streets, plenty of garden space which is complemented by a village atmosphere centred on the High Road.

If you’re looking for easy access to surrounding areas then Chigwell certainly delivers. Chigwell and Grange Hill stations are both on the Central line 
(zone 4) providing a speedy service into central London – whilst Buckhurst Hill, Woodford, Loughton and Hainault stations also offer quick connections and short journey times. The area is also well served by London bus routes and has a number of options for drivers – it is close to both the M11 and M25, as well as the A12 and A406 North Circular.  And Stansted Airport is just a 40-minute drive via the M11.
 

Capital Investment


Purchase Price £1,764,000
Stamp Duty £178,350
Legal & Professional Fees £195,787
Development Costs £1,704,766
Contingency Allowance £167,778
CrowdLords Fees £27,800
Total Investment £4,038,481
Less Finance & Deposits -£3,125,474
Remaining Funds Required * £913,007
Developer Equity £635,007
Redeemable A Shares - Crowd Equity £278,000


 

Capital Returns


Value Creation £906,519
Finance Costs £317,464
Sales Cost £75,313
CL Growth Fees £7,821
Corporation Tax £96,125
Developer's Share £326,396
Capital Return to Investors  £83,400

 

Return Summary


Investment Period 18 Months
Projected Total Return 30.0%
Projected Annualised Return  20.0%

 

CrowdLords Development Analysis


The blocks shown in the "Risk Analysis" chart illustrate the CrowdLords Risk Rating. It shows where the investment lies on our internal 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 according to our criteria.
 

Market Sensitivity


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:

The Investment Period – the longer the period, the less the risk
Macro location and market – has the area performed well historically
Micro location – is the property in a good location for rental / sale
Level of Development – the degree of development and the cost / time risks
Track Record – the track record of the LandLord / Developer

We combine these into a weighted rating between A and E and show how the Risk / Return compares with what we would expect.

About the Sponsors


Carlisle Property Group is a private property company specialising in the London residential property markets. With access to specialist trades within its wider group activities, our development schemes benefit from premium specifications without impacting cost. We understand the needs of local authority planners, their communities and the environment, which enables us to deliver not only appropriate high-quality housing, but also to ensure that every development is carefully integrated within the community.

Carlisle Property Group and its subsidiaries have been directly involved in the investment and development of some of the UK’s most prestigious residential projects, working alongside the likes of Berkeley Group, Crest Nicholson, Bellway Homes, Taylor Wimpey, Manhattan Loft Corporation and others.

Ajay Samad - Business Owner 

Ajay has 15 years plus experience in construction, property investments and developments. Active in managing property funds to deliver turn key property development solutions on behalf of investors and banking partners. He enjoys access to a highly professional and experienced network of industry specialists to include principal and subcontractors along with extensive experience in development of high end residential property and the natural stone industry. 

A business specialist with broad knowledge in finance, contracts and management. Sustained experience in developing businesses and optimising opportunities.

Kevin Davies

Kevin has over 25 years’ experience of Property Development in the U.K. 
He has held senior management positions with a number of the leading players in the sector including Bellway Homes (Land & Planning Director) Berkeley Homes (Managing Director N.London) and Crest Nicholson ( Managing Director London). 

He was also Managing Director of Brentford Lock Ltd a joint venture between British Waterways and Crest and oversaw this major regeneration project of over 400 new homes. Kevin advises Carlisle Property Group on all aspects of site identification, acquisition, planning and project management.

Property details


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