CapitalRise , a property investment platform which has raised £4.2M in the last ten months, has launched its latest investment opportunity today. The investment aims to raise £1.35M towards a development of luxury homes in the prime Hampshire commuter belt – the largest raise via CapitalRise to date. This will also be the first time these types of properties have been available on the CapitalRise platform, offering investors returns of 10.5% from a minimum investment of only £1,000.
“The residential real estate market offers opportunities for shrewd investors across the country and not just in London. We are thrilled to be offering a prime development in Hampshire to everyday investors wanting to invest via the CapitalRise platform,” stated CapitalRise CEO Uma Rajah. “We’ve raised more than £4.2m to date and expect the next deal to close quickly, particularly with the opportunity to generate tax-free returns via our Innovative Finance ISA, and to transfer in ISAs from other providers, which customers have told us they really want.”
The development, ‘Woodhill’, is being built by Hampshire-based, award-winning Alfred Homes in Chandler’s Ford, which is 90 minutes from central London and is very close to the M3 for easy access to Southampton. Woodhill will offer two, three bedroom houses and ten four bedroom homes designed by architect Andrew Smith, and is expected to complete by the end of 2018. Investors can also opt to invest via CapitalRise’s recently-launched Innovative Finance ISA to access tax-free returns of 10% per annum, using this year’s tax-free allowance or by transferring in funds from any previous tax year. CapitalRise arranges for funds to be lent to developers of prime real estate and structures deals to protect everyday investors – developers would always lose their money first in the event that anything went wrong.
The Woodhill investment opportunity will be an estimated two-year term and the value of the property would have to decrease by more than 34% before investors’ capital or return is at risk. Alfred Homes is an experienced, award-winning housebuilder and has sold 66 homes to date, with a total value of £69M. Sales prices for these homes were between £500,000 and £3.25M, with home sales averaging £1m.
A recent deal for 38 Yeoman’s Row closed in just 71 hours. All of the previous deals are on track to provide returns of at least 10% per annum, and £75,000 in interest has also been paid out to CapitalRise investors. For ordinary investors, CapitalRise differs from other platforms in that it aims to offer higher-than-average returns (typically from 10%-18% per year) by giving direct access to some of the finest real estate available. There are no fees to invest and investments can start from £1,000.
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