0135CF
BACK TO LOAN PORTFOLIO
TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£280,500 7.0% 51.0% 7 months
Assigned
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Additional Info

DRAWDOWN DATE : 23/12/2015
REDEMPTION DATE : 22/08/2016
FULL TERM OF THE LOAN : 8 months
INVESTMENT PERIOD : 7 months
CURRENT PROPERTY VALUE: £550,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property is a 3 bedroom detached bungalow built around 1930.

The walls consist of 225mm solid rendered finished brickwork under a pitched and hipped concrete tile covered roof. The floor is of solid concrete and the windows are of modern uPVC double glazing.

The property has been fully refurbished and is in good condition both externally and internally. The builders where present at the time of inspection finishing off snagging items.

The property occupies an essentially rectangular shaped level site. The property has been extended to the rear by way of a single storey extension. There is an average sized enclosed garden to the rear. The font garden is part block paved and provides off street parking for 2 vehicles.

The property is located within the Borough of Watford Council, part of Hertfordshire County Council. It is close to Watford Town Centre and benefits from close access to the M1 motorway.

The property is close to the main shopping facilities in Watford Town Centre and is within walking distance of Carpenters Park underground station.

The borrowers, who are repeat clients, have recently refurbished the security property and intend to repay the loan by selling this property. The property is currently being marketed at £550,000.