First crowdfunded property development in Cheshire launches

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Hale-based property crowdfunding platform, The House Crowd, is launching the second fundraising phase of its No 10 Alderley Edge development to investors on 15th August.

The first phase, launched in April this year, was fully subscribed in just two weeks, with £530,000 raised to fund the purchase and initial stages of development. The second-phase target is £600,000. Investors now have the chance to invest from as little as £1,000 and earn 10-12% p.a. returns depending on the amount invested, with all investment secured against the property.

Touted as the first crowdfunded new-build development in Cheshire, work began on clearing the existing site on Congleton Road in May. Housing two duplex and two single-storey luxury apartments with a spectacular entrance lobby, the grand Victorian-style development will offer residents sophisticated living spaces and stunning views over the Cheshire Plain. The development is on schedule for completion in July 2017 and there has already been strong interest from potential purchasers who will have the opportunity to buy off plan from January through allocated sales agents.

Located on the fringe of the village, overlooking the Cheshire Plain, No 10 Alderley Edge will be as exceptional as its location, offering residents the epitome of five-star luxury living. The development is very deliberately rooted in the local surroundings with the materials used carefully selected to enhance the beauty of the conservation area in which it is set.

Frazer Fearnhead, CEO of The House Crowd, commented: "We are very excited about this fantastic development. Prior to us purchasing the site there was just a derelict bungalow on the land which was detracting from the lovely neighbouring properties. We would love to see local people taking the opportunity to invest and benefit from a project that will enhance the local area."

Download a brochure for the development at www.no10alderleyedge.co.uk.

To access investment information on No. 10 Alderley Edge visit www.thehousecrowd.com.

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The House Crowd
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