Grand Designs

<html><body>
Investors in the TV property guru Kevin McCloud’s eco-friendly housing ventures face losing nearly all their money.
Between 2013 and 2017, McCloud wooed investors with crowdfunding schemes that promised returns of up to nine per cent a year from his Happiness Architecture Beauty (HAB) homes businesses.
The UK Guardian reported - in an extraordinary parallel with his TV series participants – HAB has been hit by budget overruns, construction problems and relationship bust-ups.
McCloud, 60, has presented the Channel 4 series Grand Designs since its launch in 1999.
He set up HAB Housing in 2007 “to challenge the way identikit volume housing was built in the UK”.
Around 650 investors put in £1.9 million in 2013, which at the time was a crowdfunding world record.
Those investors are yet to receive a penny, however the investors who put money in to the project in 2017 are likely to be worse off.
As a worse case scenario, HAB have said those who put a total of £2.4million into one bond two years ago will lose between 74 per cent and 97 per cent.
A recent letter warns that HAB Land would be unable to continue to trade without a further injection of funds.
McCloud himself sent out a separate letter in July to the 2013 crowdfunding investors stating that “the numbers” were “serious”, adding: “HAB Housing currently owes just under £1.6 million to HAB Land.
He also faces demands for repayment from a restructuring company that has taken control of part of his business.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Investors in Grand Designs' McCloud property projects face huge losses

<html><body>
Patrick Eltridge and wife Julie are selling their Clovelly masterpiece that featured on Grand Designs Australia.
The couple bought the old fibro cottage on the 600 sqm parcel on a whim back in 2005 for $1,635,000.
They didn't begin building until a few years later, then within six months the home was built, but not on site.
The <a href="https://www.realestate.com.au/property-house-nsw-clovelly-125907762" target="_blank">home is designed</a> in four modules by architect Pleysier Perkins and was built in Melbourne by Prebuilt.
The pods were trucked to Sydney in an oversized convoy and lifted into position to create the uber modern, two storey residence.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/14/Clovelly2.jpg" alt="">
Clad in zinc and timber, the customised home has four bedrooms, a home office, suspended fireplace and a wine cellar.
An outdoor terrace and pool look out to the ocean.
The new home featured on Grand Designs in 2012 as Clovelly House.
Belle Property Bondi Junction agent Daniel Gillespie is marketing the home with a $6 million asking price.
He has set an August 12 auction.
 
<h2 class="hd"> </h2>
</body></html>

jrobinson-rf4aSBido9

Clovelly House, built in Melbourne, listed for sale

<html><body>
Television viewers never got to see 4 Palm Valley Drive in Byron Bay on Grand Designs, but its been the work in progress of the host Peter Maddison for the last two years.
The acclaimed architect has been working on the beach home, renovating the luxury Byron Bay Beach house, Wattai, which sold for $5.6 million to a Melburnian.
Janis Perkins of Real Estate of Distinction secured the sale for Melbourne property developer, Allan Sinclair, father of Sydney Swans footballer Callum Sinclair.
He paid $3.7 million for the home in 2004.
Set on the path to Watego's Beach, each of Wattai's four bedrooms come with ensuites. 
Set on 790 sqm, the home includes a large self-contained flat which leads to an outdoor decking, fitted with bbq area and a salt water wet edge pool. 
The most striking feature of the home is the 183 sqm rooftop terrace, complete with a 10 person spa.
It's going to be a busy year for the Melbourne-based architect.
On top of juggling his own business, Maddison Architects, he is renovating his family home in Brighton.
The family moved out of their mid-century home they've lived in for 15 years to allow the work to be done.
Maddison paid $790,000 in 2000 with the project costing a lot more money expected and it's taking a lot longer than he thought. 
"It's costing a lot more and it's taking a lot longer than I thought ... but it's coming along," he laughed.
"The plan is to renovate being sympathetic to the home's unique 1960s styling elements while adding a fresh touch."
Grand Designs Australia airs on The LifeStyle Channel and has been running since 2010.
Maddison will hope he is a little more successful than British counter-part Kevin McCloud in the property market.
McCloud, who present the British Grand Designs, has come under fire for his recent eco development in Stroud, which is said to be riddled with damp and unsafe to live in.
</body></html>

Grand Designs

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Grand Designs

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News