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A London Property Transformation

20th May 2022

In December 2021 £378,000 was raised to help fund the redevelopment of a Victorian building in East London. Since then the award winning architect/developer, alongside the construction team, has been hard at work and exciting progress has been made.

Take a look inside on this video update.

Award Winning Design Brought to Life

The company behind the project, Use Architecture, has been involved in other notable projects, one of which 'The Wide House', won first prize in the RIBA Future House London Awards. It is no surprise then that this seemingly simple conversion of a period property in a busy part of east London is packed full of visually interesting and thoughtful details.

The reception area of the top floor flat is almost complete with beautiful parquet flooring, bare brick walls throughout, and dual aspect timber sash windows and a bespoke staircase which connects the living space with the two bedrooms on the floor above.

At the other end of the open plan living space a kitchen area has been created making the most of the natural light and enabling future residents to maintain a separation between relaxing in the living space and cooking/dining. Both bedrooms have stripped wooden floorboards and built-in storage whilst the en-suite bathrooms are designed to match the overall aesthetic of the interior design. The copious use of glass with dark frames throughout the building creates a sense of space and light, as well as acting as a strong connection with the building’s location in Hackney, a buzzing and industrious part of London.

This project was funded by a Property Development Loan (PDL) which enable investors to become 'armchair property developers'. If this sounds like your kind of thing find out more about PDLs here.

Project Enters Final Phase

The Mentmore Terrace Loans offered a 10% p.a. return over a six month term, so the project is now in its final stages. At the time the loan was made two of the four units which were to be created by the construction project were already under offer. The developer is retaining one of the units as a rental investment, so in the next few weeks the entire development should be finalised.

Mentmore Terrace was featured as a Property Development Loan on the Crowdstacker investment platform.  Find out more about other similar investment opportunities like this one.