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To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 10
| Criteria | Points |
|---|---|
| mortgage coverage | ∅ |
| optimistic scenario margin | ∅ |
| pre-commercialization | 🟩🟩🟩🟩🟩 |
| track record | 🟩 |
| location | ∅ |
| in the vicinity | 🟩 |
| yield | 🟩 |
| LTA | ∅ |
| LTS | 🟩 |
| operator commitment | ∅ |
| sales price | 🟩 |
| permanent loss | 🟩 |
| late projects | ∅ |
| price trend | 🟥 |
| urban planning risk | ∅ |
| debt to equity | ∅ |
| debt to asset | ∅ |
This review is proposed by Grégory Vaur on
⏰ The project starts on 17/04/2024 10h00
💰 The estimated rate of return is 10.5% per year.
⏱ The duration of the project is 21m
💼 Minimum amount to invest is ?
🤖 Review's summary
The project is a real estate development with an expected delivery date of April 17, 2024. The overall assessment indicates a relatively weak guarantee, a reasonable selling price, and a pre-commercialization phase that appears to be quite solid. However, there are significant construction expenses and a very low to negative profit margin in case of unforeseen work.
The plan involves constructing 83 units on a 5763 m² land, comprising 45 social rental units, 38 intermediate rental units, 80 outdoor parking spaces, and a 145 m² commercial space intended for a daycare. The entire property will be sold as a single block to a social lessor.
Morigny-Champigny, a town of 4000 residents located 53 km from Paris and close to Chartres via the A11 motorway, serves as the project site.
The project offers a high estimated return of 10.5%, although slightly below the average return of recent projects at Koregraf (10.8%). The pre-commercialization stage is promising with 100% commitment from a social lessor. The selling price is realistic, slightly below the market average, and the property will be new upon completion. However, there are concerns regarding the high construction costs, potential negative profit margins, and lack of detailed information on work categories and work-related risks.
In conclusion, despite some red flags such as high construction costs and potential margin risks, the Les Vignes project presents favorable aspects like a realistic selling price, strong pre-commercialization status, and a new property upon completion. Investors may need to carefully consider the risks associated with the project before making a decision. It is recommended to pay attention to updates and detailed insights before proceeding with investment.
```41 voters
👎73% 👍2% 🤷2% 🏳️22%
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...
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