FOR IMMEDIATE RELEASE
Propnology, a property crowdfunding platform, which allows individuals to invest in buy-to-let properties, from as little as £500, has chosen Stockton-on-Tees as the location for its first investment offering.
The platform has secured a £22k discount on a new build 4-bedroom, 3-storey townhouse on the Kingsmoor development. Due to be completed by the developer in December 2015, the property, at 1380sq. ft. in size, represents a capital value of £83.33 per square foot.
To maximise returns the property will be retained for an investment period of 5 years. Rental income will be paid to investors on a quarterly basis and, at the end of the investment term, investors will receive their original investment together with a share in the capital growth, in direct proportion to their level of investment.
The property is projected to return a net dividend yield of around 4.6% and, when combined with capital growth, produce 10% annualised returns of up to 10%.
Whilst crowdfunding is not an entirely new concept, Propnology is one of the first to be directly authorised by the Financial Conduct Authority (FCA). The business aims to change the future of property investment by removing the barriers to entry, traditionally associated with buy-to-let, while simultaneously using technology to deliver an innovative, fully automated & easy-to-use, online experience.
In case you are unfamiliar with the term ‘crowdfunding’, it’s an increasingly popular way in which to raise money online in a business or property asset. One of the particular attractions of crowdfunding is that it allows individuals to invest small amounts, or as much as they wish, and gain access to opportunities that may otherwise be inaccessible.
Owen Angel, Co-Founder of the platform said, “This particular opportunity is open to individuals looking to invest in a buy-to-let property, with a low entry point of just £500. With the recent development and growth of new businesses in the area and increases in employment, we believe the local property market will follow suit. We are therefore delighted to have secured such a strong investment in such a vibrant and thriving market town”.
For more information, visit www.propnology.co.uk
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