Modular home company nHouse has become the first house manufacturer to utilise crowdfunding and has already raised more than 40% of its target since last Friday.
nHouse is a three-bedroom home that can be built either as a standalone property, in a pair as a semi-detached house, or in a terrace.
Designed by award-winning architect Richard Hywel Evans, it is constructed from cross-laminated timber and can be assembled in three days. Kitchens, bathrooms and all plasterwork are completed offsite.
A total of £495,000 is being raised to finish the prototype of the house and since the company launched its crowdfunding campaign on crowdcube.com on 21 July, £205,000 has been pledged.
The nHouse concept aims to offer Grand Designs styling at an affordable price, responding to preconceptions that prefabricated homes are often not the most aesthetically appealing.
As well as the money raised being used to finish its prototype, it will also be used to secure its global intellectual property rights and fund a launch to the public in 2018.
nHouse aims to form part of the solution to the UK’s housing problem and, according to the company, is in talks with major developers to supply thousands of homes over the next five years.
