Maikellukese 11, Alliku küla, Saue vald (I)
One-family house at Veskimöldre, near Tallinn
- Start of investment period02.08.2021
- Start time26.07.2021 05:30
- Asset classResidential
- Investment typeDevelopment
- Investment end date31.07.2022
- Remaining term9 months
- Expected rate of return9.5% p.a.
- Expected cash yield%
- No of investors248
- Goal€80 000
This current investment opportunity is to finance construction costs of one-family house at Maikellukese tn 11, Alliku municipality, Saue parish. Investors will be offered an opportunity to finance the construction of one-family house in total amount of EUR 150,000. Amount of the first round is EUR 80,000. Construction has already started - foundation have been done, the walls and trusses are installed. The construction deadline is the end of year 2021. With each new funding round, the value of the underlying asset will increase until the house is finished.
Loan is secured by a first rank mortgage, fixed interest rate is 9.5% p.a and interest is paid ate the end of period. IRR of the project is 9.61%. Investment period is 12 months.
The house living area is 160,9 square meters. Planned sales price is EUR 456,000 (including VAT).
Maikellukese tn 11 property is located in Veskimöldre-2 residential area - new and developing area between Nõmme Pääsküla, Laagri small town and Harku forest, about 20 minutes drive from the center of Tallinn.