01825 749721

Witterings Terraced Property Development

Hassle free development finance for projects in Sussex

Returning clients from West Sussex enquired about finance for a potential property development within the coastal town of Wittering, near Chichester. See: Sussex.

The developer had purchased an old chalet bungalow close to the beach with the intention of replacing it with a terrace of houses.

Once planning permission for the development had been approved, our client came straight to us for a fast development finance solution. Click here.

The developer had a number of other projects at the time, and needed to secure a loan with minimum hassle and delays, making our 5 step lending process suitable.

Development consisted of four terraced properties

To yield the highest return from the investment, the experienced developer had received permission for the construction of four terrace properties.

Three of the properties were to be 4-bedrooms, with the remaining unit being limited to a 3-bedroom property.

The requirements of the build were for the properties to reflect the subtle unique nature of the nearby houses.

Our development finance covered the entire project

Hunter Finance assessed the development on its merits, aware of the time constraints on our client.

We were able to send a surveyor to site quickly, with a loan of £877,500 being agreed. Initial funds were drawn down quickly to ensure the development progressed. See how much you could borrow.

Once the old chalet bungalow had been demolished, development of the four new properties could start. A second draw down enabled no delay between the demolition and the construction process.

Further draw downs throughout the project allowed for a quick and seamless development to take place.

The final GDV of the development was £1,500,000.

Interested in property finance for your next Sussex based project? Call 01825 749721.

Enquire now for property finance

Terrace property development
Terrace-Development
Brexit
Witterings-Terrace-1-Main
House Prices
Witterings-Terrace-5
Witterings-Terrace-development
Property-prices-uk

Property Details

Related Case studies

Testimonials

  • "We have found securing a competitive facility with Hunter Finance a refreshingly straightforward a Read more

    Rob Burnham

  • "Highly impressed by their honest approach to doing business, and following through on their promis Read more

    Thomas Elliot

  • "I have used Hunter Finance on a number of occasions. They have always provided a no-nonsense, hass Read more

    Tim Oliver

×

Google UK Property loans
5 / 5