Buy-to-Let flat crowdfunds in just 35 minutes

Buy-to-Let flat crowdfunds in just 35 minutes


Todays other news
UK room rents reach a record £769 per month in...
Nearly 40% of London flats resold at a loss, while...
Liverpool leads UK property hotspots with 8.1% annual price growth,...
Prosper UK proposes sweeping reforms to boost housebuilding, improve affordability...
Rathbones secures regulatory approval to offer investment and financial planning...


A property listed on residential crowdfunding platform Property Partner reached its funding target in a record 35 minutes, the website has reported. 

Advertisement

With investments coming in at a rate of £6,000 a minute, the two-bed flat in Byfleet, Surrey, reached its crowdfunding target at 3.35pm last Thursday after going live at 3pm. 

Advertisement

A total of 126 investors from all over the UK bought all the shares in the flat, raising £212,900. The average investment was £1,700 per investor. 

Advertisement

Property Partner launched in January and enables people to invest in individual residential properties, just as they can in company stocks. They then receive a monthly rental income — and benefit from any capital growth — in direct proportion to their ownership.

 

So far, twelve properties with a total value of £3.5 million, have listed on the property crowdfunding platform. The properties range from a £165,000 flat in Ilford, North-East London, to a £435,000 flat in Whitechapel, East London, situated close to a future Crossrail station. 

Over 25,000 people have signed up to Property Partner since it launched in January, and nearly 2,000 have made investments through the platform thus far, with individual investments ranging from £50 to over £70,000.

Advertisement

“This latest fundraise breaks all our previous records. To fully fund in just over half an hour beat all our expectations,” said Dan Gandesha, CEO of Property Partner.

 “On average, our properties are reaching their funding targets in thirteen days, and as more people hear about the investment opportunities, that time is getting shorter and shorter. The Byfleet property is a prime example of this,” he added.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Person stacking wooden blocks with icons of a rocket, group, and chat.
DG Capital Partners will connect developers and investors with funding,...
Keychain with house charm and 'For Rent' tiles on wooden surface.
Housing costs continue to rise across most regions, putting further...
Large percentage symbol over UK map with houses and pound signs.
Survey data points to tentative improvement in sales, while rental...
Aerial View of Liverpool, England, UK during Autumn
Investors are looking beyond city-wide averages as postcode-level demand, regeneration...
Rightmove cuts its 2026 outlook as asking values decline and...
Mortgage rates have recorded their biggest monthly fall since October...
UK rents accelerate while property values weaken, with signs London’s...
Recommended for you
Latest Features
UK room rents reach a record £769 per month in...
Nearly 40% of London flats resold at a loss, while...
Liverpool leads UK property hotspots with 8.1% annual price growth,...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.