339500
Loan Facility Amount
£339,500
Amount of Assignment
£0
Interest Per Annum
5.60%
Loan-To Value
70.00%
Investment Period
9 months
Additional Info
  • There are two distinct parts of the site. Firstly, there is an existing building on a site which is a two storey end-terrace house comprising three bedrooms, conventionally built we understand in the 1950’s or 1960’s by the local authority and conventionally constructed around cavity brick walls under double pitched tile roof. The windows have been replaced by uPVC aluminium framed double glazed type. The ground is of solid concrete and the first floor is suspended over timber joists. There is a gas-fired boiler in the ground floor lobby serving a low pressure radiator system throughout. The property was recently let but is now vacant and is in need of modernisation and improvements. There is a front and rear garden to the property which is unkempt and requires landscaping.

    To the north of the site is a plot which has recently obtained planning consent for the development of a two bedroom detached house. At the present date this particular plot remains undeveloped. At the time of the valuation date the plot is held on one title and it is proposed that this will be split upon the development of the new house. We are informed by the applicant that the existing house will be refurbished and under permitted building regulations extended.

  • Ref. No
    0222CF
  • Drawdown date
  • Redemption Date
  • Property Type
    Residential/Land - Plot
  • Current Property Value
    £485,000
  • Full Term Of Loan
    9 months
  • Security
    1st charge
  • Tenure
    Freehold
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