Cork City — Vacant terraced house
Cork City, Co. Cork · area centroid only, no address
7.50%
Fixed interest p.a. · illustrative
Overview
A secured loan to refurbish a vacant home
An illustrative three-bedroom mid-terrace house in Cork City, modelled as vacant for several years, with roof, insulation and window replacement required.
Refurbishment objectives
- Bring a long-term vacant terrace back into use
- Replace roof covering and upgrade insulation
- Install heat pump and new windows
- Let to a household on a long-term tenancy
- Type
- Vacant terraced house
- Bedrooms
- 3
- Vacant since
- 2021
- Energy rating
- F → B2
- Risk level
- Elevated
- County
- Cork
Project timeline · indicative
- 1Illustrative acquisition2027-03
- 2Roof & envelope works2027-05
- 3Interior refurbishment2027-08
- 4Tenancy begins2027-10
Financial breakdown
Every cost, and the income it supports
Property-level figures, before platform fees and investor-level taxes. The property’s yield is not an investor return.
Project cost
Annual income · after works, illustrative
For a Stage 1 loan, lenders are paid fixed interest by the borrower, not a share of rent. Rental income is shown because it supports the borrower’s ability to repay.
Interactive calculator
See it gross to net
Enter €100 to €10,000 to see illustrative monthly interest and the repayment schedule.
Between €100 and €10,000
Net interest / month
€5.75
after fees, before investor-level taxes
Total over the term
€103.43
18 monthly payments + €985.00 principal at maturity
Where the money goes · per year
| Month | Interest | Admin fee | Net | Principal |
|---|---|---|---|---|
| 1 | €6.16 | −€0.41 | €5.75 | — |
| 2 | €6.16 | −€0.41 | €5.75 | — |
| 3 | €6.16 | −€0.41 | €5.75 | — |
| 18 | €6.16 | −€0.41 | €5.75 | €985.00 |
Illustrative only, before investor-level taxes. Assumes rent, costs, interest and repayment as modelled; actual results may be lower and you may lose capital. Nothing here is an offer.
Investment information
Proposed loan terms
Proposed structure, subject to legal and regulatory assessment. Final rights depend on the instrument.
- Borrower
- Meithera Cork City Property DAC (proposed)
- Instrument
- Proposed: participation in a secured refurbishment loan (first legal charge)
- Security
- First legal charge (proposed)
- Interest
- 7.5% p.a. fixed, paid monthly (illustrative)
- Term
- 18 months; principal repaid at maturity
- Loan facility
- €162,000 · 62% of the illustrative valuation (cap 62%)
- Your participation
- €1,000 ≈ 0.6080% of the facility
- Arrangement fee
- Paid by the borrower, not by lenders
- Exit
- No early exit. If the borrower defaults, recovery depends on enforcing the charge and may take time.
Risks
What could go wrong
Property investments involve risk, including possible loss of capital. Returns are not guaranteed and investments may be illiquid.
Capital at risk
You could lose some or all of the money you put in. Nothing here is guaranteed or covered by a deposit guarantee or investor compensation scheme.
Borrower default
If the borrower cannot repay, recovery depends on enforcing the first legal charge. That can take time and may not recover the full amount.
Rental vacancy
Homes can sit empty between tenancies, or tenants may fall into arrears, reducing or stopping income.
Property valuation
Values can fall. The illustrative valuation is not a professional valuation and may not be achieved on sale.
Refurbishment overruns
Works on vacant and derelict homes can cost more and take longer than planned; the contingency may not be enough.
Illiquidity
You cannot exit before the loan matures. Repayment can be delayed.
Regulatory uncertainty
The structure, permissions and partners are proposed and subject to regulatory assessment. Rules may change.
Tax
Figures are before investor-level taxes. Your tax position depends on your circumstances; take independent advice.
Home Digital Passport
This home’s history, on the record
Vacancy, works, energy rating, funders and payouts — each recorded entry links to its Raya Chain transaction.
Long-term vacant since 2021
1 Jun 2026
Vacancy recorded as the home’s starting point (illustrative).
block #1 · 0xae1bfc…c6da68Pre-works BER survey: F
1 Jun 2026
Energy baseline before any works (illustrative survey).
block #1 · 0x760f93…fc06782 pseudonymous funders on the register
20 Jul 2026
2 holdings recorded · €6,500 committed (simulated). First holding shown.
block #4 · 0xc15817…fb79e1Illustrative acquisition
Pending
Planned for 2027-03 (indicative).
Roof & envelope works
Pending
Planned for 2027-05 (indicative).
Interior refurbishment
Pending
Planned for 2027-08 (indicative).
Tenancy begins
Pending
Planned for 2027-10 (indicative).
Post-works BER: target B2
Pending
Certificate to be attested once works complete.
First monthly interest payment
Pending
After drawdown.
7.50%
€5.75 per €1,000 / month, net