071CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£185,000 6.5% 25.7% 10 months
Assigned
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Additional Info

DRAWDOWN DATE : 27/08/2014
REDEMPTION DATE : 26/07/2015
FULL TERM OF THE LOAN : 11 months
INVESTMENT PERIOD : 10 months
CURRENT PROPERTY VALUE: £720,000
SECURITY : 1st charge
PROPERTY TYPE : Residential
TENURE: Freehold

The subject property comprises a semi detached house of traditional construction with solid brick walls (with a painted render finish to the frontage) under multi pitched tile roof. The property is being extended and modernised and was in a shell condition at the time of the inspection.

Various planning consents have been granted and works have commenced in this regard. On completion the property will comprise a minimum of 5 bedrooms with accommodation arranged on ground, first and attic floors.

The property has gardens to the front and rear.

The subject property is located on Courtfield Gardens. This is an established and respectable area with local services and facilities within walking distance. Drayton Green and West Ealing Overground railway stations are also within walking distance. On street parking is restricted to permit holders.

Ealing is a suburban district of west London, and the administrative centre of the London Borough of Ealing. It is located 7.9 miles west of Charing Cross and around 12 miles from the City of London. It is one of the major metropolitan centres identified in the London Plan. As part of the growth of London in the 20th century, Ealing significantly expanded and increased in population, becoming a municipal borough in 1901 and has formed part of Greater London since 1965. It now forms a significant commercial and retail centre with a developed night time economy.