Thursday June 19 2014

The House Crowd Crosses the £4m Threshold

The House Crowd Crosses the £4m Threshold

Hale based crowdfunded property investment company, The House Crowd, has announced it has fundraised more than £4 million from investors over a two year period.
The House Crowd began trading in 2012 and offers people the opportunity to invest as little as £1,000 in the property market via crowdfunding. Since it started trading, the company has bought and refurbished 64 properties in and around the Manchester area, totalling more than £4.1 million of investment.
Frazer Fearnhead, managing director of The House Crowd commented; “We’re delighted to have passed this significant milestone after just two years in business. The country’s fascination with property and the attraction of hassle free investment through crowdfunding has proved to be a very popular combination.
“We speak with investors on a daily basis frustrated with their banks or the poor levels of interest accrued in their savings accounts. More and more people are looking to boost their retirement income, or do something with smaller amounts of money than have it sitting around, doing nothing. The House Crowd provides investors, of any age, the opportunity to invest in bricks and mortar without having limitless means.”
Earlier this year, the business crowdfunded its own expansion by asking investors for £156,000 to help fund their growth plans. After two days, the company had secured investment of £465,000, more than £309,000 then they originally asked for. The funding has allowed the business to relocate to larger premises in Hale and recruit an additional 4 members of staff.

The House Crowd has recently secured its 65th project, a 3 bed property in Openshaw, Manchester which will be refurbished and rented for 3-5 years.


DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.


Discover the latest Industry News & Opinions on Entirely

We transform your bright ideas into brilliant digital products.