The project LONGNES by Upstone

Review of the project LONGNES by Upstone

Review's score :

This review is proposed by Damien Cuyala on 03/12/2023

⏰ The project starts on 11/12/2023 14h00
💰 The estimated rate of return is 12% per year.
⏱ The duration of the project is 15m
💼 Minimum amount to invest is 100€

Analysis of the LONGNES project at Upstone analyzed by Damien Cuyala

The project is scheduled to take place on December 11, 2023 at 14:00:00. Overall, it has a good coverage of trust at 99% and the operator has already fully repaid more than 10 projects. There are currently some projects in partial repayment. There are no construction works involved in this project, making it a good overall project.

Project Details:

Project Type: Purchase - resale without construction
Amount to be financed: 228,000 EUR
Capital repayment: In fine
Interest repayment: In fine

The project involves acquiring a real estate complex and dividing it into 2 lots (A & B). The complex consists of an old detached house on 2 levels, measuring 102 m², and a single-level house for residential use, measuring 51 m².

Strengths and Weaknesses:

Strengths:

High yield of 12%, which is higher than the average yield of recent projects at Upstone (11.88%)
99% mortgage coverage, which is considered good
Good condition of the property
Realistic estimated sale price, slightly below the local market average
Close proximity to a major city and various amenities
No construction works required

Weaknesses:

High Loan to Acquisition (LTA) ratio of 100%
High Loan to Sale (LTS) ratio of 76%
Low operator commitment of 14%
No information available about the financial health of the company carrying out the project
Pre-sales information lacks precise details
Decreasing property prices in the area over the past year
Relatively high percentage (15.83%) of delays over 6 months at Upstone
No definitive losses reported at Upstone

Project Opinion:

Overall, the LONGNES project at Upstone appears to be a good investment opportunity. The high yield and good condition of the property are positive factors. Although there are some weaknesses such as the high loan ratios and operator commitment, they are outweighed by the strengths of the project. The location in Longnes, with its proximity to a major city and various amenities, adds to the appeal of the project. Additionally, the realistic estimated sale price and absence of construction works are favorable aspects. While there are some potential risks, such as the decreasing property prices in the area and the high percentage of delays at Upstone, the overall evaluation of the project remains positive. Therefore, I would recommend considering investing in the LONGNES project at Upstone.

Historial rates of return Upstone

Investor votes results for the project: LONGNES

68 voters
👎41% 👍15% 🤷22% 🏳️22%
To vote :

Damien Cuyala
Damien, 41 years old, I am a business manager in nuclear valves, I also have a company in the distribution of everyday products in short circuits with the credo of "made in France". I started at a young age to learn how to invest in the stock market in dividend stocks, ETFs, and from 2021 on small cap equity strategies, and recently I have been learning about options. In June 2022, I started real estate crowdfunding and I have invested a little over 73 Keuros since then, my investments are distributed across the following platforms: ClubFunding, Raizers, La Première Brique, Upstone, Baltis. I attach great importance to spending time analyzing each project before making the best decision for my investments. Finally, I also have investments in crowdlending, mainly on Lendermarket to diversify my assets as much as possible.