The project Apex by Pretup

Review of the project Apex by Pretup

Review's score :

This review is proposed by Grégory Vaur on 23/02/2024

⏰ The project starts on 24/02/2024 17h00
💰 The estimated rate of return is 10.5% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 20€

🤖 Review's summary

Analysis of the Apex project at Pretup by Grégory Vaur

Project Date: February 24, 2024, at 17:00:00

Overall review: Good first-ranking mortgage, consistent exit price (scenario 1), but no pre-marketing and low margin in case of discount.

Project Details

Type: Purchase - renovation/construction - resale

Amount: €110,000 to be financed

Repayment: Capital in fine, interest monthly

Description: The project involves buying an 89m² apartment with a 30m² balcony on the 13th floor. The goal is to renovate the property (turning 2 rooms into 4) and do renovation work (painting...) then resell the asset. The apartment will be sold fully furnished to investors with existing tenants in place.

Location: Nancy is a city with 104,000 inhabitants, located 71 km from Epinal and 60 km from Metz.

Strengths and Weaknesses

✅ Yield: 10.5% - high
❗️ Loan to Acquisition: 95% - low
❗️ No Pre-marketing
✅ Close to amenities
⚠️ Near the railway

Price Estimates

✅ Scenario 1: €189,000 - Realistic
❗️ Scenario 2: €219,000 - Optimistic

Opinion

This project seems promising with a good potential yield and realistic exit prices. However, the lack of pre-marketing and the low margin in case of discount are concerning. The location and the quality of the property post-renovation are positive points. It's important to keep an eye on the market trends and potential risks, such as the proximity to the railway and the pricing fluctuations. Overall, with careful monitoring and management, this project could be a good opportunity for investors.

Bonus

Sign up with referral code: HP42TCDQ

Receive €15 for every €200 invested.

Link: https://www.pretup.fr/

Historial rates of return Pretup

Investor votes results for the project: Apex

44 voters
👎34% 👍34% 🤷16% 🏳️16%
To vote :

Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...