Performance Statistics: August 2017

Performance Statistics: August 2017

Please see below for our repayment stats for August 2017.  These list total dividends, interest and any capital repayments made in that month covering our B2L investments, development and P2P loans, as well as the year’s returns to date. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

August 2017

  • Projects and loans paid out against = 36
  • Total value of dividends and interest paid = £115,288.91
  • Total value of capital repaid = £475,000.00
  • Total number of investors paid = 1,074

Total for 2017 So Far

  • Projects and loans paid out against = 201
  • Total value of dividends and interest paid = £948,178.97
  • Total value of capital repaid = £5,592,307.39
  • Total number of investors paid = 5,706

Cumulative (from January 2013)

  • Project paid out against = 635
  • Total value of dividends and interest paid = £2,083,803.97
  • Total value of capital repaid = £10,598,027.39
  • Total number of investors paid = 14,204

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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Development Update – September 2017

Please find below the latest updates on all our ongoing developments as of the beginning of September 2017.  There are also links to the latest images for most of the developments which gives you an idea of the progress that is being made.

Please note these updates are for keeping you informed on the progress of the development itself.  Most of our development loans have estimated repayment dates and are dependent on the development being complete and all units sold, and a number also have more than one round of funding, repayable at different stages of the build.  For information on the estimated repayment date of the phases of development loans you are invested in, please refer to the investment pack you downloaded when you invested, and to the Development Loans Payment Schedule, also available on the project status page on the website.

HCD14 – Old Library, Frodsham

There has been a slight delay with completion on purchasing this property due to lawyers (and the staff) being either on holiday or incapacitated. We expect to complete the acquisition by the end of this week (9th September). This hasn’t stopped us making good progress in the background; we have chosen our contractor and they have appointed both an architect and an engineer to progress the detailed design work and satisfy the pre-start conditions. We have also received a number of approaches from prospective purchasers for the finished units.

Once the property purchase is complete we will be able to advise all investors of their interest calculation start date.

HCD13 – Coppenhall

As you may already know, work commenced on August 14th, 2017. Following our last video – there will be another later this week – levels have been set for the plots, road and drainage.  Kerbs to the road are being set and foundations have been dug for plots 1 & 2.  The timber frame has been designed and off-site manufacture is underway. Art work for the hoardings has been finalised and Justin on our development team is meeting with Stephenson Browne this week to plan the launch of the scheme for sale (we already have a buyer that wishes to reserve).

View the latest Coppenhall photos

View the video filmed August 2017 showing the site

View the latest video of the site as of 6th Sept 2017

HCD10 – Bollin Heights

All planning is now in place and all work scheduled in to complete the project at Bollin Heights. We are confident about being off site by April 2018.

Sales have continued and we have 24 apartments sold, so only 8 left to sell on the entire development. Currently we have 9 apartments finished, 8 apartments are between 70 – 80% finished and 7 are 40% are the way there. The final 8 apartments in the extension will be delivered by April 2018.

The development is receiving a lot of attention from potential buyers, businesses and even local developers, so we do feel that despite any setbacks we have had we are now confident of selling all the remaining units, keeping the build on schedule and having 32 happy buyers!

Photos are available below, including 4 recently taken professional shots.

View Bollin Heights photos

HCD7 – Brundred Farm

The Brundred Farm planning appeal has been allowed which is excellent news.

We will now be considering how to move forward on this and either develop the site or sell to another developer with planning and take the profit.

HCD5 – Bank Chambers

The Bank Chambers development is steadily progressing, but over the last 4 weeks we are still having issues with building control agreeing to the layouts of the apartments and the level of fire protection required. This has had significant knock on effects, as we have not been able to close off apartments or finish the first fix electrics, as we weren’t sure if we would need to make changes to what had already been done. You will see from one of the images below we have been obliged to fit a sprinkler system, which was not an original requirement so was not in the budget. However, we have made progress and have negotiated a conditional exchange, based on:

  • Water calculation
  • Water consumption to be confirmed as max 125l/s per person
  • Pre-completion sound testing required
  • Confirmation that detection within kitchens is of the optical smoke type
  • Confirmation that water mist system is designed in accordance with relevant BS

Due to these delays, some of the sub-contractors we had lined up to carry out work have had to move on to other jobs and cannot fit us back in for a couple of weeks, thus our completion schedule has moved back. We are constantly updating the buyers and ensuring that despite the delays they kept up to date with what is happening.

You will be able to see in the images linked to below that we have now put the new stairs in and we are starting to form the attic apartments.

View the latest Bank Chambers photos

HCD4 – Gratrix Park

5 of the properties are now ready to complete on the sales as soon as the utilities are connected.  We are getting closer and closer to our first completion at Gratrix Park and currently we should be serving our first completion notice on Friday. The delay on the first plot was caused by an issue with getting the utilities connected that is now in the process of being resolved. Despite the issues caused by delays to the utilities being installed, we expect the buyer of Plot 12 to move in at some point the week beginning the 11th of September. Plot 12 will be quickly followed by plot 13, 14 and 11.

Our ground workers and landscapers have worked hard to make up time after the major delay that was caused by United Utilities on the sewer diversion, and the site is really taking shape. We now believe we are in a good place to be completely off site by February 2018 if not before.

View latest Gratrix Park photos

HCD3 – The Woodlands

The Rotherham site is moving at a good pace and we are about 6-8 weeks away from having the show house ready. Sales have slowed over the summer period, which is to be expected with the school holidays. Our estate agent Sebastian’s have indicated that the show home will increase the number of enquiries, so we believe this is key to sales continuing.

We will soon be starting the utilities connections for the site and laying the major site drainage, so we are still on course at the minute to have our first buyers in by Christmas.

View the latest Woodland images

HCD2 – Alderley Edge

Progress has been steady over the last month, but as the pictures linked to below will show we are now putting the final floor on this development and soon we will be doing the seal for the roof. You can almost see what an amazing panoramic view the penthouse will have of the Cheshire countryside. We are currently dealing with multiple kitchen and bathroom providers, plus taking advice from our interior designer to ensure we get the truly opulent look and feel that was originally planned.

As originally planned we were going to sell this apartments off plan and after 4 days of being live on Rightmove we have taken our first reservation for flat number 2 which has been sold for £899,999, substantially over the originally anticipated price. We have considerable amount of interest in the other flats and we have multiple viewings lined up.

We do still have one planning application going through for two additional garages, and we are confident of winning this.

All in all, a very positive month for Number 10, Congleton Road and we expect to have all units sold before the end of the build!

View the latest Alderley Edge pictures

HCD1 – Regent St.

All investors have now been repaid their capital and received their interest as all the properties have been sold subject to contract.

Development Update – August 2017

Please find below the latest updates on all our ongoing developments as of the beginning of August 2017.  There are also links to the latest images for most of the developments, which will give you an idea of how they are shaping up.

Please note these updates are for keeping you informed re the progress of the development itself.  Most of our development loans have estimated repayment dates, and most also have more than one round of funding, repayable at different stages of the build.  For information on the estimated repayment date of the phases of development loans you are invested in, please refer to the investment pack you downloaded when you invested, and to the Development Loans Payment Schedule, also available on the project status page on the website.

HCD13 Coppenhall Way

Since our last update, work has been progressing quickly in the background.  All designs for foundations and superstructure have now been completed, and our main contractor has been appointed on a fixed price design and build contract.

Marketing materials for the site are well under way.

Most importantly of all – work starts on site on Monday August 14th 2017, so next update will hopefully include pictures to provide a better idea of the site.  We will also be erecting a time lapse camera once the work cabins are in place.

View Coppenhall photos from 14th August.

HCD10 Bollin Heights:

All investors have been sent a recent update regarding progress with this development as it has suffered some delays mainly die to us applying for planning permission to enhance the apartments and the GDV of the site – which we have done successfully.  We have sold 80% of the units in this development to date, and the development is progressing steadily.

A new round of crowdfunding for phase 2 will start later in the month in order to finish the rest of the development. planning permission for 8 additional apartments was granted this week.

View Bollin Heights pictures

HCD5 Bank Chambers:

We are progressing well with the build now, as investors will be able to see from the photos. Not everyone will recognise some of the equipment we are having to put into the building, but we have a planning condition that states we must have a system that allows the windows to be closed to omit noise pollution whilst allowing fresh air in to circulate around the apartments. We are having to fit an MVHR system, which is a clean air recovery system. This is an unforeseen project expense, which has required us to make savings in other areas.

We have also been battling building control to get the initial building regulations notice, as due to the recent Grenfell fire in London, all local authority building control are being extra cautious, which means despite our fire specialists OMEGA fire saying our layouts are acceptable and there is no need for a sprinkler system, building control will not budge!!! We have been advised to take this to appeal, but we don’t have time to wait for a decision, so again we will have to use the contingency budget to meet this requirement.

View Bank chambers photos

HCD4 Gratrix Park:

You will see from the pictures the site is still progressing at a great rate and we will soon be laying the back gardens. The intended moving in date is 24/08/17 for plots 12 and 13, and plot 14 will follow shortly after. We are really pushing hard to meet this date, which has required one of the PM team to work from site 2 days a week to ensure that the quality of finishing is met and surpassed where at all possible. We now have a buyer for each plot at Gratrix Park and should have exchanged on all plots within the next two months, which is great news for investors.

View Gratrix Park photos.

HCD3 The Woodlands:

The Woodlands development is progressing well and we now have 28 foundations laid. We also have 6 sales to date, which is encouraging, given our slow start. Block has been laid to 4 houses and we are aiming for our show house to be complete in 15 weeks. We have been in discussion with a designer about the interior design of the show house to aid sales. Our PM team are working with the architects to amend the internal layouts to provide maximum amount of living space. A recent decision has been made to sell the rest of the site freehold in light of the issues with leaseholds that have recently been publicised by the media.

View The Woodlands photos.

 HCD2 Alderley Edge:

Major breakthrough here is the planning permission appeal win, with costs. The appeal officer conclusion comments are below:

  • For the reasons given above, having regard to all matters raised, the appeals are allowed.
  • Therefore, I conclude that unreasonable behaviour resulting in unnecessary or wasted expense has been demonstrated and that a full award of costs is justified.

Unfortunately, due to the delay in the appeal decision we had to slow down the build, just in case we had to revert back to the original permission that allowed for just two apartments.

We have now progressed the build significantly and the site is almost water tight. We will start marketing the site in September. We have already significant interest on the apartments private channels and some of which are serious buyers. Again, we are confident that this will be a truly flagship development and will achieve the sales figures proposed.

View Alderley Edge photos.

HCP156 Marple:

Unfortunately, the buyer has pulled out at the last minute which is hugely disappointing. The property is being remarketed through local agents, and we already have a viewing lined up.

HCD1 Regent Street:

The sales are continuing apace with them all in various stages from survey being complete and waiting on mortgage offer, to arranging exchange and completion.

Brundred Farm

We are still waiting on the outcome of the planning application.

 

Performance Statistics: July 2017

Performance Statistics: July 2017

Please see below for our repayment stats for July 2017.  These list total dividends, interest and any capital repayments made in that month covering our B2L investments, development and P2P loans, as well as the year’s returns to date. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

July 2017

  • Projects and loans paid out against = 23
  • Total value of dividends and interest paid = £104,300.89
  • Total value of capital repaid = £620,000.00
  • Total number of investors paid = 665

Total for 2017 So Far

  • Projects and loans paid out against = 165
  • Total value of dividends and interest paid = £832,890.06
  • Total value of capital repaid = £5,117,307.39
  • Total number of investors paid = 4,632

Cumulative (from January 2013)

  • Project paid out against = 599
  • Total value of dividends and interest paid = £1,968,515.06
  • Total value of capital repaid = £10,123,027.39
  • Total number of investors paid = 13,130

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

 

Development Update – July 2017

Please find below the latest updates on all our ongoing developments as of the start of July 2017.  There are also links to the latest images for the developments – lots of fascinating photos of building equipment and big holes in the ground!

Please note these updates are for keeping you informed re the progress of the development itself.  Most of our development loans have estimated repayment dates, and most also have more than one round of funding, repayable at different stages of the build.  For information on the estimated repayment date of the phases of development loans you are invested in, please refer to the investment pack you downloaded when you invested, and to the last page of the P2P and development deals schedule, also available on the project status page on the website.

HCP156 – 103 Station Road, Marple

After 6 weeks’ back on the market we have had 3 viewings, one of which has just turned into an offer of £545,000 which we have accepted and we will be looking to complete on the sale within 28 days (fingers crossed).  There are a few bits of work we have agreed with the purchaser to carry out before the sale can go through.

HCD1 – Regent Street

All units are now reserved so none are on the market anymore, and are moving through the conveyancing process.   They are all at different stages of this process.

HCD2 – No. 10 Alderley Edge

Since receiving full planning permission for the 4 luxury apartments we have really upped the pace on the build with the appointment of a new site manager, and we have also extended the workforce in order to further speed things up. We are also meeting with various interior designers to acquire some input into the overall design of the project. The site isn’t without its challenges; for example, we are currently seeking approval to have two more garages added to the scheme, which requires some creative thinking on the landscaping design. Positively, without even going on sale formally, we have interest building through personal channels.

Completion of the build is expected to be March 2018, if not earlier. We are aiming to start officially selling in 6 weeks, as our appointed sales agent thinks the development needs the roof to be completed in order to give it the wow factor before showing potential purchasers.

Click here to see the latest Alderley Edge photos

HCD3 – The Woodlands

Following the change of contractor, the site has progressed massively. By the end of this week we should have 20 of the 28 foundations in and we are beginning to build up to DPC. We are now close to exchanging on our first two plots and have taken further reservations for plots 28 and 26. This is all been done through our preferred agent Sebastian’s of Cheshire. Following a change in design of the bottom floor internal layout by one of our team we have been able to add bi-fold doors, which has really created a buzz in the area about the development. New CGIs will be released in about 2 weeks.

We’re currently anticipating the entire build will be complete by December 2018 but we have the option of speeding that up if sales come in quicker than expected.

Click here to see the latest The Woodlands images.

HCD4 – Gratrix Park

After months of to-ing and fro-ing we have finally had a decision from United Utilities about going ahead with the sewer diversion. This has caused an unforeseen delay with the build, but something we have unfortunately not been able to resolve any sooner.

First occupation should be in August and then the plan is to have everyone else moved in by ideally Christmas, but all things considered early 2018 is more realistic. We have currently sold 15 out of 19 homes.

Click here to view the latest Gratrix Park images.

HCD5 – Bank Chambers

Following the change of contractor, we seem to be pushing on at a good pace again. We have put all the major steel work into the building and the new floors are starting to be formed. We have a few challenges to overcome with the roof and the old lift, however the build is progressing nicely. Stockport council planning and building control have been at loggerheads about allowing us to proceed which has caused delays. All apartments are now sold again, after the re-sale of apartment 8. Allowing for the delay caused by the contractor being changed, we believe we are looking at mid-October 2017 for completion of the build.

Click here to view July 2017 Bank Chambers images.

HCD10 – Bollin Heights

Planning permission has been granted for the changes to the balconies. Planning permission is expected to be granted 8 weeks from 26/05 for the proposed additional 8 extra apartments (phase 3)– once approved completion for these apartments is provisionally scheduled for April 2018. On site for the start of phase 3 (8-unit extension) should be the first week in August 2017. Major scaffolding is going up over the next 2 weeks, so we can start work on the roof. We also have multiple new utilities connections to complete, which require major civils works. Sales have continued steadily and now only 6 out of phase 1 & 2 (24 apartments) remain to be sold; however there is plenty of interest.  We have exchanged on 10 of the apartments currently reserved.

Expected completion for Phase 1 (24 original apartments) is currently expected to be mid-November 2017. This is clearly a few months later than originally envisaged. If any investor does not want to stay in until that time please let us know and we will see if we are able to return your capital earlier.

Click here to view the latest Bollin Heights pictures

HCD13 – Coppenhall Way

Completion finally took place on June 21st 2017, after a protracted legal process.  The delay involved execution of the Section 106 Agreement for off-site works contribution by the local authority (turns out they had a locum solicitor with no staff which wasn’t particularly helpful).

We are now at the value engineering stage with our chosen contractors in order to fix the price and transfer any cost overrun liability to the Contractor.

Preliminary works have started on site, with the removal of a large tree, erection of boundary fencing and establishing ongoing site entrance points for personnel (from the adjacent public car park) and deliveries via Coppenhall Way.

We envisage a full start on the site at the beginning of August 2017.

Meetings have been held with local sales agents and draft particulars have been prepared.  We already have two parties seeking to reserve their chosen plots.

Brundred Farm

We are still awaiting the planning appeal decision.

Performance Statistics: June 2017

Performance Statistics: June 2017

Please see below for our repayment stats for June 2017.  These list total dividends, interest and any capital repayments made in that month covering our B2L investments, development and P2P loans, as well as the year’s returns to date. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

June 2017

  • Projects and loans paid out against = 25
  • Total value of dividends and interest paid = £98,525.40
  • Total value of capital repaid = £1,026,000
  • Total number of investors paid = 794

Total for 2017 So Far

  • Projects and loans paid out against = 142
  • Total value of dividends and interest paid = £728,589.17
  • Total value of capital repaid = £4,497,307.39
  • Total number of investors paid = 3,967

Cumulative (from January 2013)

  • Project paid out against = 576
  • Total value of dividends and interest paid = £1,864,214.17
  • Total value of capital repaid = £9,503,027.39
  • Total number of investors paid = 12,465

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

 

June 2017 – Monthly Property Development Update

Here is the June 2017 round-up of our current developments and how they are progressing with accompanying build photos.

HCD1 – Regent Street

We have sold two more houses, so four are now proceeding to exchange with one unit left to sell. We also have potential interest in the remaining house from two parties.

HCD2 – No. 10 Alderley Edge

Excellent news as we have now been granted planning permission on four apartments along with payment of all costs incurred in the appeal process.  The development is continuing to progress in all other ways.

HCP156 – Station Road, Marple

All additional works have now been completed on this lovely house. Julian Wadden Estate Agents have uploaded the property details to Right Move and other property sites.  Several viewings have taken place but no offers as yet.

We have organised for the watering of the grass when there are dry spells and the lawns to be cut regularly to keep it looking pristine.  We are also constantly nipping into the house to change flowers in vases and keep it fresh for viewings. Other than that this is in the hands of the agents now – there is nothing more we can do and have to sit and wait for an interested buyer – fingers and toes crossed.

HCD3 – Woodlands

We have had to switch contractors as the one appointed (due to personal financial difficulties) had stopped paying his builders. There is no liability attached to us for this, but it has caused a delay of a couple of weeks.  Work is now progressing on the site again, and there is moderate interest from buyers which we do not expect to increase until the show home is finished.

HCD4 – Gratrix Park

Work is progressing on schedule with no issues to report.

HCD5 – Bank Chambers

The roof is leaking and needs to be repaired so we are costing this out at present. We are also still dealing with planning permission to convert the lower floor – sadly these things are never quick or easy to progress.

Fortunately the ground floor conversion does not impact on progress on the rest of the building.  The area around this building continues to improve with one of the best restaurants in the Manchester area having opened up recently just around the corner – “Where the Light Gets In”, which recently received rave reviews in the Guardian, and is seriously worth a visit if you are in the area.

HCD7 – Brundred Farm, Prestbury

This is still in planning appeal stage. We are more confident of success after the success of the appeal with No 10 Alderley Edge.

HCD10 – Bollin Heights

Apartments 1-4 are almost 90% complete on the build.  The doors are taking a little longer as they are made to measure doors.  The show apartment is completed and ready for viewings. There are some issues with obtaining bricklayers (which is an industry-wide problem) and this is slowing matters down a little.

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, or email them on: [email protected]

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Performance Statistics: May 2017

Performance Statistics: May 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 May 2017. You can also see our total cumulative returns from 2013, which you may also find helpful to know.

May 2017

  • Projects paid out against = 31
  • Total value of dividends and interest paid = £89,844.35
  • Total value of capital repaid = £0.00
  • Total number of investors paid = 690

Total for 2017 So Far

  • Projects paid out against = 117
  • Total value of dividends and interest paid = £630,063.77
  • Total value of capital repaid = £3,471,307.39
  • Total number of investors paid = 3,173

Cumulative (from January 2013)

  • Project paid out against = 551
  • Total value of dividends and interest paid = £1,765,688.77
  • Total value of capital repaid = £8,477,027.39
  • Total number of investors paid = 11,671

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

 

What Makes The House Crowd Different?

What Makes The House Crowd Different?

Property crowdfunding is a fast growing industry within the investment and savings sector. Inspired by our model and our success as the first property crowdfunding platform in the world, many imitators have emerged to challenge the crown.

Yet, despite the increasingly competitive industry, we continue to be the best crowdfunding platform of all (officially!) So what’s the secret to our success?

Most people will tell you that the way to differentiate yourself within your market is simply to be different. But any old idiot can be different – you’ve got to back up your uniqueness with solid foundations.

We stand out from the crowd because we are expert at what we do and we do it with complete transparency. Investors appreciate the low minimum invest level, investment security is high, and the opportunities for diversification within the asset class are excellent.

Besides all that, we still have to provide a compelling reason for people to get behind us. And that is precisely what The House Crowd has done.

The First And Still The Best

We have always defined ourselves as original thought-leaders. Because we were the first property crowdfunding platform, it goes without saying that we know a good deal of everything there is to know about the industry – after all, we invented it. But, moreover, we are at the forefront when it comes to anticipating, identifying, and reacting to changing circumstances to ensure we meet investors’ needs.

Frazer: The Face of The House Crowd

Besides our obvious expertise, there is also a recognisable face at the forefront of The House Crowd as a brand. That face, of course, is Frazer. It is Frazer’s vision that gave birth to the property crowdfunding model, and his story is one that is as human as it is inspirational.

From his Manchester rave culture adolescence, to his career as a music lawyer, through to a range of entrepreneurial projects, and the eventual dawning of property crowdfunding, Frazer has lived a varied and vibrant life.

The hard work, skills, and knowledge it took him to get The House Crowd off the ground, legally permissible, and into the public eye are a testament to the power of labour and perseverance. To know that there is a man who has a lifelong passion for entrepreneurial spirit is an appealing and assuring concept for people searching for the right hands into which to trust their investment.

Hard work and skills may have been what got The House Crowd off the ground, but part of Frazer’s continued popularity is his honest and sometimes forthright way of communicating. He is a character who has always questioned the status quo, famously leaving his glamorous career in law after being told that ‘love is not a word lawyers use’ by his boss. Never afraid to swim against the tide, it’s both Frazer’s boldness and his intuition for what works that breed confidence from others.

By equal measure, he owns up to his investment mistakes; he shares and clearly articulates how he endeavours not to make the same mistake again. These are rare qualities in most leaders.

Swimming Against The Tide

It is Frazer’s questioning of the status quo that has fed the originality of The House Crowd’s manifesto.

The company has always been about democratising property investment, opening the doors to people from all walks of life. Regardless of how much or how little somebody has to invest, our policy has always been the same: we treat everyone with the same openness, attention, and we care for their money as if it were our own.

Our honesty and transparency differentiate us from the faceless competition, who despite adopting our innovative model, still slump through the dark ages when it comes to their attitude to investors. To us, our investors are all equal, and are welcomed in as though we were a family (if that’s not too trite an analogy).

These are the reasons we are different, and the reasons why we continue to lead the way in the property crowdfunding space. As we continue to grow and evolve our model with the changing shape of property in this era of uncertainty, we are adamant that we will never let go of these factors which make us so unique and special. We hope you will join us on the journey.

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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