Barn conversion in Cornwall

Purpose of the loan

This loan supported the next stage of converting traditional agricultural barns into residential properties on a working farm in West Cornwall. It formed the second tranche of a multi-phase programme funded by FOLK2FOLK.

Funding was used to:

• Renovate Barn 2, anticipated to sell for £550k–£600k upon completion
• Progress utilities, building work, and external access
• Advance the borrower’s phased retirement strategy and asset release

The borrower offered the remaining converted barns as security, with an experienced track record of successful conversions and local planning approvals.

Why investors backed this opportunity

• Attractive interest rate:
  • 10% p.a.
• Good security:
  • Established agricultural site with planning and prior successful sales
• Strong credentials:
  • Local farmer with diversified income (farming, groundworks, contracting)
  • Proven experience in planning, self-build, and land promotion
• Clear business model:
  • Converting rural barns into residential assets for sale or let
• FOLKONOMICS™
  • Supports local trades and construction employment
  • Enabled a farm diversification
  • Rural housing development aligned with Cornwall Council planning goals

Thinking about investing?

FOLK2FOLK investors regularly fund projects like this, combining fixed monthly income with tangible, property-backed security and meaningful local impact.

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