076CF
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TOTAL LOAN AMOUNT AMOUNT FOR ASSIGNMENT INTEREST
PER ANNUM
LOAN-TO
VALUE
INVESTMENT
PERIOD
£183,000 8.0% 58.8% 12 months
Assigned
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Additional Info

DRAWDOWN DATE : 18/09/2014
REDEMPTION DATE : 17/09/2015
FULL TERM OF THE LOAN : 12 months
INVESTMENT PERIOD : 12 months
CURRENT PROPERTY VALUE: £1,400,000
SECURITY : 2nd charge
PROPERTY TYPE : Residential
TENURE: Freehold

The property was originally constructed around the 1930s and is constructed around a solid brick frame construction now under a double pitched tile roof.

The property has been completely gutted to shell and extended to form an 8 bedroom house which is currently in course of construction.

Presently, the configuration has been laid out and the top floor is at first fix stage and the second floor having the walls plastered and the en-suite rooms being fitted. The ground floor has no floor surface and is not at first fix stage. The under floor heating system is being installed within the next couple of weeks before the floor will be laid out.

The property has a large rear garden and a drive will be made up at the front of the house.

The property is located on a residential street of bespoke built houses mainly detached and privately owner occupied in a sought after area known as Woodford Green. It is part of the North East London Suburb on the edge of Epping Forest and is demand is high for housing in this area.

It is close to the two Underground stations of Buckhurst Hill and Roding Valley.