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Successfully funded
overfunded
nHouse
198%
Raised
£984,110
Investors
705
Target
£495,000
Equity
17.94%
Pre-money valuation
£4,500,000

nHouse is a modular contemporary house designed to be more spacious than modern new builds, provides higher ceilings and comes equipped with eco features. Once delivered to the site it takes only 3 days to assemble. The company aims to sell 100 houses in 2018 and generates an EBITDA of £3.9m

  • Premium modular contemporary house at £195,000 per house
  • Designed by acclaimed architect and designer, Richard Hywel Evans
  • Orders to delivery takes 5 months; assembly on site in 3 days
  • Government recommend modular housing to meet the 1m housing demand

Idea

The UK needs a million new houses in the next 5 years. Our solution is to build homes in factories, like cars.

But we think mass-produced houses can be highly desirable, innovative, spacious and affordable, so we created the nHouse. It’s a contemporary two storey, three bed home and is designed with more floor space, windows, higher ceilings and tech than most new builds at our price point. It can be detached, semi-detached or terraced.

The nHouse would be built by our manufacturing partner in four separate parts (Quads) in under a month. The four Quads are then delivered to a construction site for assembly. Our technology, Quad Click, means an nHouse could ready for occupation in just 3 days.

71% of 1048 people we surveyed across the UK preferred an nHouse to a similarly priced house from Barratt Homes. nHouse will come with an industry standard 10 year warranty and all major lenders now offer mortgage products for modular houses.

nHouse will generate revenue by selling to Property Developers, Housing Associations and other land owners as well as direct to the public. We plan to be the leading UK brand for mid-priced modular housing. We aim to sell 100 nHouses in 2018 .

Since ‘soft-launch’ in March 2017 we have received interest for hundreds of nHouses. We are raising funds to build our prototype, secure critical design cover and protect our IP.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

nHouse has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.