The project La Grange by Koregraf

Review of the project La Grange by Koregraf

Review's score :

Score details

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 13

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 16/07/2024

⏰ The project starts on 17/07/2024 10h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 15m
💼 Minimum amount to invest is ?

🤖 Review's summary

Analysis of La Grange project by Koregraf

Analysis of La Grange project by Koregraf analyzed by Grégory Vaur

Project Overview

The project involves the acquisition and renovation of a barn in Cournonterral to be transformed into a house with additional amenities like a pool, pool house, and a studio. The operator is experienced with a fair margin and a price close to the upper range, considering the services offered. There is no pre-commercialization so far, with significant work required.

Location

Cournonterral is a town with 6500 inhabitants, located 17 km from Montpellier and 61 km from Béziers, offering essential amenities like restaurants, bakeries, and medical services.

Key Points

Rental Yield: 11% - high
Guarantees: Initial coverage low but may increase over time
Operator's Health: Moderately capitalized with no net debts
Exit Price: Realistic considering added features like a pool, pool house, etc.
Risk Factors: House prices down by 2.8% in the area, high construction costs
Asset Valuation: Post-renovation value estimated at €928k, planned sale at €980k
Operational Experience: 20 years in real estate with no known delays
Financial Ratios: Loan to Sale ratio low at 51%, high engagement from the operator
Platform Quality: No permanent losses but some delays in projects

Conclusion

In conclusion, while the project presents some challenges like high construction costs and a slightly declining housing market in the area, the operator's experience, the added amenities, and the expected post-renovation value offer promising returns. With a strong operator commitment and a realistic exit price, investing in the La Grange project by Koregraf seems like a rewarding opportunity. By supporting such projects, we contribute to the growth of the real estate market and the community. Let's join hands and make this project a success!

Historial rates of return Koregraf

Investor votes results for the project: La Grange

31 voters
👎29% 👍6% 🤷3% 🏳️61%
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...