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Located within one of Kingston’s most exclusive roads, the 0.6 acre site with planning permission represents the perfect opportunity to demolish the current dwelling and create a bespoke home for a wealthy client. We plan to finance this purchase by offering crowdfunded equity shares in a company that will develop and sell the properties.
The value of property can fall as well as rise and projected returns are not guaranteed. Investments made through Land Club are not covered by the Financial Services Compensation Scheme (FSCS). Read our full risk warning before deciding if this investment is appropriate for you.
Location & Description
Coombe Ridings is set within one of the most exclusive roads in Kingston on a 0.6 acre site. This provides the perfect opportunity to create a bespoke home for a prestigious client.
It is extremely rare to find a plot within mature grounds, bordering woodland in a park-life setting and backing onto the exclusive Coombe Hill Golf Course.
Located on an extremely quiet residential road, within walking distance of the famous Royal Richmond Park.
Coombe Ridings benefits from being within proximity of Norbiton Railway Station and 2 miles from Kingston Upon Thames. Public transport to London Waterloo is within approximately 30 minutes.
The site currently comprises of a one and a half storey style cottage dwelling of an assumed floor area of 190m2 constructed in the 20th century. The immediate area is residential in nature and characterised by large detached houses with front and rear gardens set within generous posts of land.
Property prices have increased 12.01% in Kingston over the last 3 years.
The Current Site
A 4 bedroom chalet style cottage in a dated condition currently dwells on the 0.6 acre plot of land. The plot benefits from mature hedgerows and flat topography. Coombe Ridings is a private and highly sought after road. The plot is an excellent opportunity for redevelopment.
Having completed the freehold purchase of the site in October 2015 we undertook the necessary due diligence, reports and negotiation with local residents to submit our planning application to Kingston council.
On 17th August 2016 The Royal Borough of Kingston Upon Thames granted permission (subject to conditions) to the erection a 6 bedroom two storey house with rooms in the roof and a basement to replace the existing dwelling. Our planning reference is 16/14613/FUL. Potential Construction Timescales Demolition Q2 2018 Ground Works Q3 2018 Foundations Q4 2018 Structure Q4 2018 Finishes Q2 2019
To create a unique, elegant and bespoke house worthy of its surroundings. Our proposal will comprise of a 7,649sq.ft dwelling.
Access into the proposal is at ground floor level by either the main ‘front’ door or secondary doors as shown. As the proposal sits north west to south east from front to back, ground floor accommodation that requires less direct sun-light such as the study and the cloakroom will be on the northern side.
Living accommodation is situated towards the rear of the property to take advantage of the sunlight throughout the day, maximised by the level of glazing to the rear ground floor. The main hall provides access to the various living areas on the ground floor and stairs to the first. Separate stairs connect ground with basement, and first floor to second. A lift runs through the full height of the dwelling.
Bedroom accommodation comprises 4 en-suite bedrooms on the first floor and 2 en-suite bedrooms on the second. The lower ground floor consists of a plant room, utility, gym and entertainment and office space.
A number of house type strategies have been considered in order to find an appropriate response to this distinctive and very attractive site.
The new dwelling has been positioned along the length of the site area and aligns parallel to the boundary with the neighbouring property. Allowance for a good amount of amenity space to the front and rear is in keeping with the neighbouring properties.
The positioning of the new dwelling has been very carefully considered from the outset in order to preserve the number of trees on site. The new build has been designed with luxury living in mind whilst utilising the space available to create a grand, impressive and beautiful home.
We are offering an 80% share of profit to investors. The target return on investment is 54%. We are seeking a total raise of £3,000,000 over a 6 month period. Should the full subscription amount not be met, investors profit share entitlement
shall be pro-rated.
Investing in property puts your capital at risk. The value of property can fall as well as rise and projected returns are not guaranteed. You should be aware that no established market exists for the trading of shares offered on this platform. This means that there is not a way of easily selling your shares if you need to get your money back quickly.
Investment opportunities promoted by Land Club involve 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 the investments promoted by Land Club. This means that you will not be able to easily sell your investment if you need to get your money back quickly. Investments made through Land Club are not covered by the Financial Services Compensation Scheme (FSCS).
PLEASE READ THE FULL RISK WARNING 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.