Redditch

Redditch

Originator: propertypartner

Redditch, Worcestershire, B97 Address: Lydan House Building type: 6 Unit Block Tenure: Freehold

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Product Description

Investors paid 34.90p per share in the New Listing for this property, and it became available on the Resale market September 29th 2016.

Lydan House is a strong yielding property for the income-seekers amongst you. This block of 6 flats can be found in Redditch, a leafy commuter town 15 miles south of Birmingham. The area should benefit from value migration out of the city which has seen strong growth over the past two years, and should also benefit from the plans for High Speed Rail 2. The property is offered with gearing to enhance investor returns. View a short video from our Director of Property on why this is a great investment.

  • The investment comprises an unbroken block of 6 flats in Lydan House, Redditch plus the Freehold interest for the entire building and is geared at 50% loan-to-value (LTV) of the purchase price. Gearing gives enhanced exposure to property price movements, and the potential for amplified returns; though investors must note amplified negative returns if prices fall.
  • By purchasing the unbroken block at its investment value as opposed to its break-up value, investors will benefit from a higher net dividend yield than they would achieve by purchasing individual flats.
  • The property is located 1km from Redditch Railway Station, which offers a 37 minute direct journey to Birmingham New Street Station. The area should continue to be attractive to professionals who are willing to commute to have more living space.

 

Robert Weaver

Director of Property
Global Director of Residential Property at RBS
Fund Manager, running £500m residential portfolio at Invista Real EstateMember of the British Property Federation’s Residential Committee

Ed Wray

Non-executive Director
Co-founder, Betfair
Non-executive director of Funding Circle and LMAX Exchange
Vice President J.P. Morgan & Co

Neil Rimer

Non-executive Director
Co-founder, Index Ventures
Non-executive director of companies including Funding Circle and Stack Exchange
Board member of Human Rights Watch

Thomas Remmert

Chief Architect
20 years’ experience in scalable web development
Technical Due Diligence advisor for Octopus Ventures
Architect of Comdirect Bank’s online trading system

Jo Oliver

Non-executive Director
Director at Octopus Ventures
Non-executive director of companies including SwiftKey and Amplience Managing Director, Oliver Woodworth (property development company)

Justin Hubble

General Counsel
General Counsel and Director of Legal & Compliance at Betfair
Betfair from startup to IPO
Over 20 years as a lawyer in private practice and in-house

Nick Hagen

COO
Sports Operations Director at Betfair
COO Sports Betting at GTECH

Daniel Gandesha

Founder and CEO
Corporate Venture Capital at Sky Plc
M&A advisor at Sky Plc and KPMG
Chartered Accountant and FCA Authorised Person

Warren Bath

CFO
M&A Director at Sky Plc
Investment Banking Advisory at Morgan Stanley
Chartered Accountant



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Investors: 729

About Property Partner

Property Partner is a crowdfunding and investment platform that makes it possible for anyone to invest in residential property at the click of a button. Investors can buy shares in individual properties or residential blocks, for as little or as much as they like. Property Partner finds the tenants and professionally manages the properties. Investors receive rental income in proportion to the shares they own and, through our unique secondary market, can exit their investment at a time and price of their choosing.
Property Partner is the trading name of London House Exchange Limited, a private company registered in England and Wales under registration number 08820870 and at registered office 71 Queen Victoria Street, London EC4V 4AY, United Kingdom

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