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This project saw us complete the development of 13 newly built houses on a 3.35 acre site in Thornley, a village located just outside of Durham.
The site is on the fringe of Thornley village and is accessed via a newly laid tarmacadam service road. The site is bordered to the west by a small garage and to the north east by open countryside. To the south of the site there are further residential properties lining Ashford Grove.
We started on this redevelopment project in April 2014 and concluded construction in April 2015. As of June 2017; all bar one remaining unit have been sold and the estimated market value of the entire site is in excess of £1.3m.
This project was funded by Affinity Global Real Estate.
Investing in property developments such as those promoted by Land Club involves risks including loss of capital. This means that there is a risk that you could lose some or all of the money that you put in. There is currently no resale market for property developments promoted by Land Club. This means that you will not be able to easily sell you share of a property development if you need to get your money back quickly. Investments made through Land Club are not covered by the Financial Services Compensation Scheme (FSCS).
Land Club is an appointed representative of Share In Ltd, which is authorised and regulated by the Financial Conduct Authority (603332). Pitches for investment are not offers to the public and investment can only be made by registered investors on the basis of information provided by Land Club.