ReGlasgow

AROUND 100 Homes Proposed For Vacant Land At Haghill

5 June, 2024 | News

PLANS have been drawn up for housing on a large site at Haghill in Glasgow’s East End.

Nearly 100 homes for social rent are proposed for vacant land at Appin Road and on both sides of Todd Street.

Around 90 houses and six cottage flats would be built by AS Homes (Scotland).

About half of them would be for Home Group with the rest managed by Milnbank Housing Association.

Consultation drop-in events are being held for the public to give feedback before a planning application is made.

A sloping undeveloped area of land to the north of the site would become open amenity space although consultation is also taking place over what form that would take.

Evolve Finance are a Glasgow-based commercial finance brokerage serving the UK, specialising in all types of property finance for Property Developers, Landlords and Investors and offering innovative finance solutions, they welcome complex cases and back their experience to add value to any project.

Here’s just some development finance products that may be of interest.

Development Loans for Scottish Property Projects: For projects from £750,000 to circa £50,000,000, this facility is typically for the purchase and ground up development costs of new build residential projects, large residential refurbishment projects or commercial projects with the loan repayment coming from the sale proceeds or re-financing to a term loan.

Bridging Finance options in Scotland: This facility is typically used for projects ranging from £50,000 to £3,000,000, covering purchase and development costs of anything from one-bedroom flats to large commercial-to-residential conversions, as well as smaller new build developments like a single detached house or gap site projects of 6–12 flats.

Property Portfolio Building Strategy: The Buy, Refurbish, Refinance, Rent (BRRR) strategy is a highly effective method that enables you to rapidly grow a substantial, cash-flowing buy-to-let property portfolio, helping you maximize your investment returns and build long-term financial security through property.

Below Market Value Finance: Below-market-value bridging loans allow you to borrow up to 100% of the purchase price when the property’s purchase price is lower than its open market value, helping you maximise leverage opportunities and make the most of discounted property deals.

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