179 Amhurst Road, London
Amhurst Road, Hackney.
179 Amhurst Road, London
£650,000
of £650k
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THE OPPORTUNITY
Project Summary - Conversion of property into three apartments in Hackney
Share Price - £1,000
Raise Amount - £650,000
Number of Shares Issued - 650
Projected pre-tax Return on Investment - 46%
Expected Completion Date of Construction - May 2019
Disclosure Notice: Nicole Bremner is an Advisor to Simple Crowdfunding.
THE PROJECT
East Eight and London Central Developments exchanged on this Victorian mid-terrace property in the heart of Hackney subject to probate in late 2015. It is due to complete in the coming weeks. The site benefits from planning permission to convert the existing building into three apartments including a rear extension and loft conversion. The site has an existing basement, and the proposal is to partly extend this into the garden by 3m. The current planning comprises of a lower ground/ground floor 4-bedroom duplex apartment with private garden. A 1-bedroom apartment on the first floor , and a 2-bedroom duplex apartment spanning the second and third floors.
FURTHER PLANNING SCOPE
A further planning application was registered on 17/10/2017 to increase the number of self-contained units from three to four. This will divide the lower ground and ground floors into two 1-bedroom apartments. The team are expecting the Council’s decision imminently.
Planning can be viewed on Hackney Council website: No. 2016/1287 (existing) and no. 2017/3766 (proposed).
Project Summary - Conversion of property into three apartments in Hackney
Share Price - £1,000
Raise Amount - £650,000
Number of Shares Issued - 650
Projected pre-tax Return on Investment - 46%
Expected Completion Date of Construction - May 2019
Disclosure Notice: Nicole Bremner is an Advisor to Simple Crowdfunding.
THE PROJECT
East Eight and London Central Developments exchanged on this Victorian mid-terrace property in the heart of Hackney subject to probate in late 2015. It is due to complete in the coming weeks. The site benefits from planning permission to convert the existing building into three apartments including a rear extension and loft conversion. The site has an existing basement, and the proposal is to partly extend this into the garden by 3m. The current planning comprises of a lower ground/ground floor 4-bedroom duplex apartment with private garden. A 1-bedroom apartment on the first floor , and a 2-bedroom duplex apartment spanning the second and third floors.
FURTHER PLANNING SCOPE
A further planning application was registered on 17/10/2017 to increase the number of self-contained units from three to four. This will divide the lower ground and ground floors into two 1-bedroom apartments. The team are expecting the Council’s decision imminently.
Planning can be viewed on Hackney Council website: No. 2016/1287 (existing) and no. 2017/3766 (proposed).
ABOUT THE DEVELOPERS
EAST EIGHT
EAST EIGHT
Set up by Nicole Bremner in 2012, East Eight is a high-end investment management and property development company initially focused on the niche area around E8. Nicole’s first major London development was a dilapidated 4000sqft vicarage in De Beauvoir and she has since developed numerous sites in the area.
East Eight now invests and develops sites across London, however E8 still remains Nicole’s favoured area.
East Eight now invests and develops sites across London, however E8 still remains Nicole’s favoured area.
LONDON CENTRAL DEVELOPMENTS
As the development partner of East Eight, London Central Developments (LCD) is a joint venture between Nicole Bremner and seasoned property developer Avi Dodi. Together they develop stunning properties across London that people aspire to live in.
Design is at the forefront of LCD’s developments. Working with carefully selected design partners, LCD creates buildings that are architecturally unique and imposing. LCD’s strength is maximising the development potential of a site. Nicole and Avi enjoy the challenge of a property with planning issues, working together with planners to create residential and commercial developments that maximise usage and enhance the local area.