Inspired, a specialist micro-apartment developer, has launched its first buy to let crowdfunding raise on the platform Simple Equity.
From just GBP33, investors can purchase a share in a fully-managed 34 square metre (366 sq ft) micro-apartment at Inspired’s Sutton Court development and benefit from rental income and house price growth without the big outlay and hassle that comes with buying and financing your own buy to let property.
Sutton Court is an award-winning 82-apartment scheme in Sutton, Greater London developed by Inspired Homes.
Designed by Twelve Architects, the development transforms an old 1960s-office, stripping the building back to its core, adding two new floors to the top and re-skinning it with a contemporary residential façade incorporating balconies.
Inspired’s high-spec, high tech hallway-free apartments feature NEST Smart thermostats, 1GB Hyperoptic broadband, engineered hardwood floors, Bosch appliances, granite worktops and Villeroy & Boch bathrooms.
Sutton Court was Highly Commended at the London Evening Standard New Homes Awards for Best First-Time Buyer Home and at the First Time Buyer Readers’ Awards for Most Innovative Redevelopment of an Existing Property.
Martin Skinner, Chief Executive at Inspired Asset Management and Inspired Homes, says: “With stricter lending criteria, the tapering of mortgage interest relief and new landlord regulations, residential property investment has become more expensive for individual landlords. Crowdfunding makes property investment easier and more accessible to smaller buy to let investors. People can invest in a physical property that they part-own and benefit from rental income and capital growth tax-efficiently, hassle-free and with a minimum investment of just GBP331. We hope this will be the first of many properties to be offered this way.”