May 2017 – Monthly Property Development Update

May 2017

Here is a round-up of our latest developments and how they are progressing with accompanying and sometimes interesting photos.

HCD2 – No. 10 Alderley Edge

We are very pleased to announce that we have, this week, won the planning appeals for Alderley Edge (and were awarded full costs). We also already have two parties keen to reserve two of the apartments.

HCD1 – Regent Street

We have received reservation deposits on another three properties at Regent Street.  Assuming all of them go through we will have just two plots remaining – and we have some serious interest in at least one of those. It’s taken quite a bit longer to sell these properties than expected, but we have learned some valuable lessons along the way and they are now selling well.

HCP156 – Station Road Marple

All the issues with the flooding to the cellar have been dealt with and it is now a fully habitable space with flooring.  Our very own Diane (what would we do without her!) has been busy maintaining the lawn and mountaineering up step ladders to trim the hedges in order to keep the property looking attractive to viewers. We recently appointed a new sales agent who is generating a fair amount of interest in the property.  The new photos look great on Rightmove and we had several viewings last week. We await further developments – fingers crossed this property will sell soon as it deserves to be lived in and loved.

HCD5 – Bank Chambers

Our Bank Chambers development of nine apartments is in the heart of thriving up-and-coming Stockport. The roof has now been removed and thankfully no unforeseen horrors were exposed (which is always a danger when converting an old building).  New windows have been fitted and other work is progressing smoothly.

There are still some issues to try and sort out with the conservation officer regarding our plans for the additional apartments on the ground floor, and we are hoping to have some positive news on this shortly (though there are never any guarantees when dealing with council officials who can rather suddenly move the goal posts!)

HCD10 – Bollin Heights

Full planning has been granted for stage two of this development and we are now in the process of applying for stage 3 of the planning permission which involves adding an extension to the rear of the building. We have also have found a personal training company who are keen to set up and operate the fitness studio, and we expect the apartments to be ready for purchasers to move into by October 2017. The sales agents continue to receive strong interest in the remaining apartments.

HCD4 – Gratrix Park

We had a slight issue recently with the drainage on part of the site which has caused minor delays, and we had to create a ‘soak-away’ under the road after negotiation with the council who decided they weren’t going to pay for it – joy. This has created additional and unexpected costs, but everything else is progressing well. We anticipate the show house and the first few units will be complete by early July 2017.

HCD3 – The Woodlands

We had a few problems with the council towards the start of the year, but everything is now resolved. The foundations for the first tranche of houses have been laid and work is progressing at a decent pace. Interest from local Yorkshire home buyers (who have to date been somewhat sceptical about the idea of buying off-plan) has started growing as potential buyers can now see the site developing and taking shape. Our priority is to get the show home ready as quickly as possible to aid off-plan sales.

 HCD13 – Coppenhall Way

We have exchanged contracts and the pre-completion conditions should be finished this week so that we can start clearing the site and ‘breaking ground’ before the end of the month.

HCD7 – Brundred Farm Prestbury:

No change – we are still waiting on the outcome of the planning appeal.

Don’t forget, if you need any help with the investment process, or have any questions, you can call our client account team, Nigel or Damian, on 0161 667 4264.

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April Peer To Peer & Development Performance Stats

April 2017 Summary P2P & Development Stats

April 2017 summary and monthly statistics can be seen below.

Bridging Loans 30/04/2017
  Net
Total Amount Lent £15,590,670
Total Returns Paid £592,835
No of Loans 44
No of Loans Repaid 19
Average Loan Period 10
Investor Capital Lost 0%
Average Loan Size £339,606
Average Loan to Value 70%
Average Interest Rate Paid 8.94%

 

Development Loans 30/04/2017
  Net
Total Amount Lent £11,010,571
Total Returns Paid £146,212
No of Loans 17
No of Loans Repaid 6
Average Loan Period 10
Investor Capital Lost 0%
Average Loan Size £647,681
Average Loan to Value N/A
Average Interest Rate Paid 9.74%

You can find all our latest investments by clicking here.


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Performance Statistics: April 2017

Performance Statistics: April 2017

The figures are now in for our performance statistics from last month. You will see below our summary figures from the dividend, interest and capital payments made in April 2017. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

April 2017

  • Projects paid out against = 22
  • Total value of dividends and interest paid = £166,123.59
  • Total value of capital repaid = £589,400 (1 x development capital, 1 x bridging loan & 2 x HCP projects)
  • Total number of investors paid = 769

Total for 2017 So Far

  • Projects paid out against = 86
  • Total value of dividends and interest paid = £540,219.42
  • Total value of capital repaid = £3,471,307.39
  • Total number of investors paid = 2,483

Cumulative (from January 2013)

  • Project paid out against = 520
  • Total value of dividends and interest paid = £1,675,844.42
  • Total value of capital repaid = £8,477,027.39
  • Total number of investors paid = 10,981

To find out more about investing with The House Crowd, you can register with us by clicking on the purple button below. Alternatively, take a look at our current property investment opportunities by clicking the blue button! Either way, we’re always here to answer your questions in any way we can.

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Frazer’s Book Is The Number 1 Bestseller!

As you’re probably aware by now, Frazer has written another book called ‘The Alternative Guide To Property Investment’ which is all about how you can use crowdfunding to build your property portfolio and a better financial future for you and your family.

The book was available for pre-order yesterday, and he already managed to top the charts for real estate, personal finance and investing, making it a bestseller!

You can order the book off Amazon here

Here are some of the reviews so far…

“Frazer has written this book using common English words which are spoken by most people every day, which makes this book a joy to read. It is almost like a modern courtroom drama with the various points discussed, analysed, the evidence being carefully considered as the reader is guided through this book with short chapters, and a complete lack of waffle or flannel (if you prefer). I wished that Frazer had written this book 5 years earlier!”

John Miller (crowdfunding investor)

“An invaluable and enlightening insight for your financial future’’

Nigel Beverley (crowdfunding investor)

“This book shows how I can secure my family’s future through property investment, whilst avoiding the usual hurdles. It gives me peace of mind that crowdfunding platforms exist and, more importantly, that they are run by real property experts.”

Gareth Clements (crowdfunding investor)

“I‘m retired and always looking for the best way to boost my income each year. This guide is essential reading for anyone who wants to control their own investment decisions. Why didn’t someone tell me about this brilliant alternative form of investment before now.”

Paul Stallard (crowdfunding investor)

“Frazer’s book about property crowdfunding gives a fascinating outline of his history over a wide range of ‘job’ experiences which led to the creation of his crowd-sharing property business (I think its success must stem from him earning money from ‘magic’ shows in his early teens, coupled with the rigorous training of a law degree.)

As for the main part of the book, I read it with much interest (non-monetary!) – it was very thorough – and when I had finished it, I felt that I had no questions left to ask about property crowdfunding! It also reinforced my opinion that ‘I had done the right thing’ in putting some of my pennies into such a scheme!”

Dr. Philip Briggs (crowdfunding investor)

Residential v Commercial Property Investment

Residential v Commercial Property Investment

This is an excerpt from Chapter 6, ‘Residential versus Commercial Property Investment’, of Frazer’s upcoming book, The Alternative Guide To Property Investment. You can register your interest in pre-ordering the book by clicking on the button at the bottom of this post.

We have discussed the residential property investment sector at some length, but commercial property can be an excellent addition to a healthy investment portfolio if you are looking for consistent, steady yields alongside a decent level of growth.

Commercial real estate has shown long-term positive performance, with combined annual returns averaging around 9% depending on the area and type of property.

The steady and predictable cash stream potentially afforded by rental income from commercial property translates to possible protection against volatility in financial markets.

Here are some reasons why investors may find commercial property attractive:

  • Historically strong returns – With an average annual return of about 9% over a 20-year period commercial real estate has performed well historically.
  • Rental income from stable commercial properties means a potential steady and predictable cash stream (translating into possible protection and diversification during financial market volatility).
  • Beneficial taxation – When structured properly, commercial property can offer investors a number of tax benefits.
  • A hedge against inflation – A potentially important factor for your portfolio, since property normally benefits from inflation.
  • Ability to leverage your capital – As with residential property you can obtain mortgages and potentially multiply your ROCE (return on capital employed).
  • Diversification – There is no direct correlation with the stock market and you can further diversify within the asset class itself.

These are some of the different types of commercial property into which you can invest and spread your risk:

  • Office property (either prime or secondary);
  • Industrial property: Warehouse and manufacturing units; heavy manufacturing; light assembly; ‘flex’ warehouses (mixed industrial/office space); and bulk warehouses, like distribution centres.;
  • Retail: Individual shops,takeaways, shopping centres, etc.;
  • Multi-unit apartment buildings/HMOs: Although providing homes, these are treated as commercial premises;
  • Self-storage: Self-contained units rented to tenants for storage of material items, usually on a monthly basis;
  • Hotels: Bed and breakfast, small boutique hotels or big-name establishments.

However, property investors when they start investing seem to prefer residential, perhaps understandably, as it falls more easily within their knowledge base and comfort zone.

The philosophical difference between residential and commercial is that when you invest in residential property, you are essentially transacting with individuals – it is a much more personal transaction especially as people will be living in your property and making it their home.


To read more about why to invest in property, you can click below to register your interest in the book. Fill in your details, and once the book is released, we will send you more information.

I'm Interested!

April – Monthly Property Development Update

April 2017

Here is a round-up of our latest developments and how they are progressing, with pictures available on the links below the descriptions.

HCD10 – Bollin Heights

Work is progressing on schedule and the show apartment is now complete and looks great.

We have applied for planning permission for phase 2, and expect a positive decision on 8th May as it is not contentious.

Sales proceeds are now £300,000 over what was anticipated.

Click here to see latest photos

HCD5 – Bank Chambers

Work is now well underway and proceeding apace. The conservation officer has signed off on all works for the top two floors. Discussions regarding the extra apartments on the ground floor are ongoing.

Click here to see latest photos

HCD4 – Gratrix Park

This development is progressing well with no issues. Sales are strong with 12 units reserved, and we have increased prices slightly.

Click here to see latest photos

HCD3 – The Woodlands

Work has now started after all the council’s issues have been resolved. We are working to get the show home and on-site sales office built ASAP to aid sales. Although the start of works has been significantly delayed, the contractors should be able to make up most of the time lost and will do so once enough confirmed sales have been made.

Click here to see latest photos

HCD2 – 10 Congleton Road, Alderley Edge

Work is proceeding apace with no problems. We will be raising money for the final stage next month (May 2017).

Click here to see latest photos

HCD1 – Regent St

Unfortunately, the expected bulk sale fell through. We have changed agents and improved marketing and have decided to drop the price in the hopes of attracting interest. There are no confirmed sales on the remaining 5 as yet, although there are various interested parties.

HCP156 – 103 Station Road, Marple

The cellar and all other remedial works have now been completed and the property will be going back on the market ASAP.  The cellar is now a habitable space.

Click here to see latest photos

HCD7 – Brundred Farm

Following the rejection of our planning application despite the planners recommending it, our purchase option has been extended for 8 months. The planning appeal is being prepared and will be submitted imminently.

Don’t forget, if you need any help with the investment process, you can call our client account team on 0161 667 4264. 

 

Register Now for more Info

View our Property Investments

 

Performance Statistics: March 2017

Performance Statistics: March 2017

The figures are now in for our performance statistics from last month. You will see below our summary figures from the dividend, interest and capital payments made in March 2017. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

March 2017

  • Projects paid out against = 20
  • Total value of dividends and interest paid = £217,583.03
  • Total value of capital repaid = £2,015,907.39 (1 x development capital, 1 x bridging loan)
  • Total number of investors paid = 694

Total for 2017 So Far

  • Projects paid out against = 64
  • Total value of dividends and interest paid = £374,095.83
  • Total value of capital repaid = £2,881,907.39
  • Total number of investors paid = 1,714

Cumulative (from January 2013)

  • Project paid out against = 498
  • Total value of dividends and interest paid = £1,509,720.83
  • Total value of capital repaid = £7,887,627.39
  • Total number of investors paid = 10,212

To find out more about investing with The House Crowd, you can register with us by clicking on the purple button below. Alternatively, take a look at our current property investment opportunities by clicking the blue button! Either way, we’re always here to answer your questions in any way we can.

Register Now for more Info

View our Property Investments

 

March Peer To Peer & Development Performance Stats

March 2017 Summary P2P & Development Stats

March 2017 summary and monthly statistics can be seen below.

Bridging Loans 31/03/2017
  Net
Total Amount Lent £14,971,670
Total Returns Paid £458,801
No of Loans 41
No of Loans Repaid 18
Average Loan Period 10
Investor Capital Lost 0%
Average Loan Size £364,658
Average Loan to Value 70%
Average Interest Rate Paid 8.94%

 

Development Loans 31/03/2017
  Net
Total Amount Lent £11,010,571
Total Returns Paid £146,212
No of Loans 16
No of Loans Repaid 5
Average Loan Period 10
Investor Capital Lost 0%
Average Loan Size £688,161
Average Loan to Value N/A
Average Interest Rate Paid 11.69%

You can find all our latest investments by clicking here.


View our Property Investments

Should You Judge A Book By Its Cover?

Do you think you should judge a book by its cover? Whether it’s fair to do so or not, it’s a fact that people do – literally and metaphorically speaking.

Whether it’s fair to do so or not, it’s a fact that people do – literally and metaphorically speaking.

Designing the right cover for a book is therefore important, and we would love to get your feedback, before making a final decision on which cover to choose for Frazer’s book.

We have narrowed it down to two choices and would be very grateful for your input.

Chose your favourite cover here


To find out more about investing with The House Crowd, you can register with us by clicking on the purple button below. Alternatively, take a look at our current property investment opportunities by clicking the blue button! Either way, we’re always here to answer your questions in any way we can.

Register Now for more Info

View our Property Investments

 

The House Crowd Shortlisted for Crowdfunding Platform of the Year

The House Crowd Shortlisted for Property Wire Awards Crowdfunding Platform of the Year

We are very pleased to announce the news this week that we have been shortlisted in the Property Wire Awards 2017 for the Crowdfunding Platform of the Year.

Property Industry Innovation

There are so many changes going on in property these days. Property crowdfunding (thanks to us, the first platform ever!) is currently worth £700 million in the UK alone, and we are proud to be at the forefront of this great alternative finance innovation. But property is also coming on leaps and bounds across the board, with adoption of exciting new technologies and business models.

About Property Wire

The premier global property news service, Property Wire, holds this annual awards ceremony to recognise companies who are embracing the current changes within the property industry. The awards are designed to champion companies who not only innovate and evolve into the new PropTech era, but also push the boundaries towards a new and exciting future for real estate.

Property Wire focuses on global news from both the residential and commercial property sectors. The website boasts an audience of 70,000 readers, encapsulating everyone from estate agents, property developers and surveyors, to architects and, of course, property crowdfunding platforms!

On The Property Wire Awards Shortlist!

We are thrilled to have been shortlisted this year. It is an honour to be recognised for all the hard work we put into democratising property investment and boosting the supply of high-quality homes in the Greater Manchester area.

We’re shortlisted alongside both Homegrown and Landlord Invest. Both are great platforms themselves, so it’s fantastic to be against such stiff competition!

The awards ceremony is set to take place on 24th March at M by Montcalm on Old Street in London. It’s set to be a good night to get together with fellow property industry innovators, explore other developments within the property industry as a whole, and (hopefully!) pick up an award for our contribution to the property crowdfunding space.


To find out more about property crowdfunding, register on our site for further information (no need to invest straightaway!) by clicking the purple button.

Register Now for more Info

Alternatively, why not browse our current property investment opportunities? That’ll be this button:

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