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Detached Properties, Biggleswade, Bedfordshire

A pair of 2 bedroom bungalows in Bedfordshire

Hunter Finance was approached by a Bedfordshire based developer who owned a plot of land with residential development potential in the market town of Biggleswade.The site was a former builder’s yard and the developer had obtained planning permission to build a pair a two bedroom bungalows, each with separate garages.

A development loan for build costs only

With the site already owned by the developer, they only required a development loan to cover the construction costs of the two detached properties.

A total loan of £260,000 was quickly agreed and the developer was able to commence building works immediately on site, knowing that funds were in place.

Both properties were snapped up quickly

The bungalows were under offer almost immediately after they were placed on the market. Providing a quick and efficient finance service, with same day drawdowns, helps out clients realise and release the profit potential with each of their developments.

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Property Details

Development

A pair of 2 bedroom detached bungalows

Gross Development Value

£570,000

Loan Amount

£260,000 for build costs

Loan to GDV

46%

Term

12 months

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