Crowdfunding platform offers investors chance to buy shares in Stan Laurel’s home
The property – located in Bishop Auckland, County Durham – is listed on Property Moose, the specialist property crowdfunding platform.
Investors can buy shares for as little as £500 for a 24 month investment term. The total fund amount for the property is £58,000.
Hollywood star Laurel is most famous for his part as Laurel of the comedy double act Laurel and Hardy. He died on 23 February 1965.
His childhood home had become empty and fallen into disrepair before Property Moose secured it for investment. The property has since been renovated to a high standard and is currently being marketed for rent.
It comprises of an entrance hall, lounge, dining room, fitted kitchen, two double bedrooms and a family bathroom. Above the front door of the house a blue commemorative plaque reads: Stan Laurel (Arthur Stanley Jefferson) of Laurel and Hardy lived in this house with his parents.
The projected rental income of Laurel’s home is £425 per calendar month, providing a projected net yield of 6.12 per cent – post fees and expenses – for new investors.
The Royal Institution of Chartered Surveyors has projected a capital growth rate of 3 per cent per annum giving a total projected return of 21.01 per cent over the period.
Andrew Gardiner, CEO of Property Moose, said: “Laurel and Hardy have inspired generations of comedians in Britain, and remain hugely popular to this day. We are excited to have secured a property with such historical value, and expect strong demand from investors. We are also proud to have played a part in restoring the property, which plays such an important and historic part of the cultural identity of Bishop Auckland.”
Property crowdfunding involves multiple investors coming together to buy a property which is then rented out to tenants.