nHouse, a young “disruptive” housing firm providing various designs, has secured 121% (£121,870) of its £100,000 target from 245 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs with 29 days left in the sale.
nHouse explains that it makes houses using modular methods – “meaning they are constructed in individual sections in a factory before being taken and connected together at a building site.”
nHouse claims they make beautiful, spacious eco-friendly homes. Made using modules, “designed to last,” and built offsite in the UK, the company is located in Norwich and operates in the Property sector (Non-Digital / Mixed B2B/B2C).
Incorporated in October 2016, nHouse has shared the following business highlights:
- Winner of ‘Gold Award’ at London Design Awards 2021
- ‘Leading Provider of Contemporary Modular Homes 2021′ Build Mag
- nHouse achieve Energy Efficiency in top 1% of homes
- First nDevelopment scheme for 9 houses in progress
Key features are as follows: Secondary Market; Seedrs nominee min. £10.00 +.
As noted by the firm, nHouse “owns all of its designs and intellectual property and a showhouse.” The 5 homes in their current range “are eco-friendly, packed with lifestyle technology, spacious, have healthy home attributes, are low cost to run, and made of high-quality materials. BOPAS accreditation means they are not only mortgage friendly but also come with structural warranties.”
As mentioned in the update:
“To date, we have delivered housing projects in London, Wales, Devon, Oxfordshire and Cambridgeshire for both self-builders and developers.”
In 2022, the firm plans to “grow nDevelopments – [their] new housing development arm.”
The company also mentioned that the UK government “sees offsite house building as part of the solution to the housing crisis due to production speed, quality and eco-benefits.”
While sharing their monetization strategy, the firm explained:
“nDevelopments is designed to increase sales output and to increase margins. This is achieved by enjoying both the typical margin of being a housebuilder alongside the margin normally achieved by property developers.”
They also mentioned that in 2023, they plan to “launch new housing products such as assisted living housing, leisure homes and corporate accommodation.” This will allow them to “capture additional market share and grow revenue.”
The firm also noted that nHouse aims to “create partnerships with major construction companies in the UK and overseas in order to sell nHouses.” This may be “achieved via direct ownership, design licensing, franchising or joint ventures,” the company explained.
As noted by the company:
“Ultimately, nHouse is aiming to be a volume UK and international housing supplier with a large turnover and strong margins whilst maintaining its environmental and social values.”
The firm added:
“We aim to reward investors via the ability to trade nHouse shares in the Seedrs secondary market and via other events that allow investors to achieve a premium.”
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