CASE STUDY

6 x Individual Apartment in Sydenham, South East London – ongoing project

Original building structure before build of Sydenham 6 apartments

Crane building at Sydenham property development

Building materials inside original structure

Development

Build of 6 individual apartments

Loan Amount

£230,000 to clear existing mortgage, £1276,000 for build costs

Loan-to-value

53%

Exit

Sale

GDV

£2.8million

The Project

This property development in Sydenham, South East London is an ongoing project. The build is 6 apartments at a total square foot of 5700 in Sydenham.

The developer needed £230,000 to pay off an existing mortgage and a further £1,276,000 to cover the build costs. The total gross development value is expected to be £2.8m, making this development loan 53% loan-to-value.

The finance is a 15-month loan facility with the individual units to be sold as their exit strategy. Expected completion is September 2025.

We are excited to watch this build progress!

The Location

Sydenham is a good location for property investment with its excellent transport links into central London. A more affordable option for home buyers than nearby Crystal Palace, Dulwich and Blackheath, Sydenham is becoming increasingly popular with families and commuters. With a bustling town centre offering plenty of shops, cafes and parks, properties in the area generally sell quickly.

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77 Developments Ltd

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Greenplan Homes Ltd

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Herongate Homes Ltd

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Connected Developments Ltd

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