Following a concept launch last year, new modular housing brand nHouse is launching its first prototype show house at MIPIM 2018. In a construction industry first, more than £1 million was raised via the crowdfunding platform Crowdcube, to help the concept become a reality.
The nHouse, the ‘n’ standing for new, is an innovative offsite constructed home that has been created by award-winning architect Richard Hywel Evans, working with industry leaders AtelierOne, AtelierTen and Gardiner & Theobald. The house is built from cross-laminated timber, using modular techniques, with modern finishes. It is spacious, design-led, sustainable and high tech but below the price of an average new build, starting from below £200,000 for a fully assembled and delivered home.
Each nHouse is made from a minimum of four separate modules, each taking 16 days to be finished on the production line. Once on site the modules take just a few days to be connected.
The nHouse is designed to form part of the solution to the UK’s housing problem and it’s founders are in talks with major developers, housing associations and individual buyers to supply thousands of homes over the next five years. The company will be opening the doors of its show house, located at it’s production facility in Peterborough, in late March 2018 in order to take sales on a first come first served basis.
At MIPIM 2017 in Cannes, nHouse founders Richard Hywel Evans and Nick Fulford presented early concepts for the design: “We launched the concept to test the market’s reaction to this new type of home. nHouse is designed to satisfy the needs of both end users and the developers who supply them. The response at MIPIM 2017 was fantastic. We had dozens of developers and public sector housing providers expressing strong interest in our product which gave us the confidence to move on to the next level”, explains nHouse architect and director Richard Hywel Evans.
After receiving this positive endorsement, the company embarked on a fundraising round attracting over £1 million from more than 700 investors using the ‘Crowdcube’ platform, which valued the business at over £6 million. It was one of the fastest funding rounds of 2017, in which nHouse doubled its original fundraising target.
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