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Groombridge, East Sussex

Groombridge development
development finance case study

Groombridge, East Sussex, Completion of a detached 5 bed house

  • Development – Completion of a detached 5-bed house, 5800 sqft
  • Loan required – £500,000 build costs to complete.
  • Land and initial development work was undertaken using developers own funds.

The development came in under budget and developer only required £445,000 to complete

  • 12-month facility in stage payments
  • GDV £2M
  • Loan to value % = 22% (based on amount drawn down amount)

Completed Photos; https://www.rightmove.co.uk/properties/77918154#/

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