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The Westbrook Mills residential development is located in Godalming, Surrey, a highly sought-after London commuter town. The area benefits from excellent transport links to the city, stunning natural beauty, luxurious amenities, and highly-rated educational institutions. It’s an attractive destination for real estate investors looking for prime investments.
Godalming is a charming town with direct transport links to London and neighboring towns. This allows residents to enjoy the tranquility of countryside living while taking advantage of the Capital’s amenities and employment opportunities. The picturesque River Wey runs through the town, further enhancing Godalming's attractiveness to those in search of rental or property investment prospects in a more rural setting.
The town has excellent education options, such as top-rated schools like Charterhouse. This has led to an influx of families who prioritize their children's education. Due to the area’s growing appeal and limited housing supply, investing in real estate here has the potential for significant returns.
The Westbrook Mills residential development located in Godalming, Surrey is a completed three-block project, our loan is for one-block that consists of 87 units. Of the total units, 59 are for privately rented while 20 units will be sold and the remaining 8 units will be sold to a Housing Association as shared ownership. Stonegate Homes developed this project with an expected timeframe until exit of 24 months. The sale of 20 private units is anticipated within 12 months and sale of 8 shared ownership units within 6 months, to repay the senior debt, reducing the loan to value (LTV) of our position. Previous collaboration between Shojin and Stonegate Homes was delivered successfully and within the anticipated time frame.