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Honeywell - New Build Eco-housing

South Molton, UK

Short Summary

Honeywell is a development of fourteen eco homes with a mix of three and four bedrooms. Located in the centre of the popular market town of South Molton, Devon.

Highlights

  • High performance, sustainable properties with exceptional quality finish
  • Planning permission granted
  • Developer with strong track record
  • Turnaround time is just 9 months

Overview

Property Type
Residential
Number of Units
14
Overall GDV
£3,815,000
Duration
9 Months
Equity Req
£1,100,000
Min / investor
£10,000
Total Returns
20 %
Annual Return %
26.67%
Please note: The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

Development Details

The development consists of six 3-bed houses (83m2) and six 4-bed houses (114m2) all with gardens and off-road parking. The plot is located in the centre of South Molton and planning permission has been granted.

Development Details

People Involved

MDMY Homes has been established to develop high-quality family homes, initially in the South West of England. The company provides sustainable, low carbon factory-built homes whilst being socially responsible and always aims to deliver housing that enhances communities.

People Involved

Location/Market

South Molton, Devon. The town (6,000 inhabitants) sits on the edge of Exmoor national park and is a popular, busy market town serving the wider local community.

Location/Market

Timeline

9 month turnaround. The developer has formed a strategic partnership with a factory producing the highest quality timber UK frame houses. The houses outperform standard construction methods in all areas, with higher quality finish and beating all current Sustainable Homes performance guidelines.

The Deal

The developer is seeking the final £600,000 equity tranche (500k raised), with a projected return of 20%. The minimum investment is £10k.


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