CASE STUDY

Barn Conversion in Lewes, East Sussex – £1,581,000 Loan

Completed barn conversion project in lewes, East Sussex

barn conversion - before build, lewes, east sussex

barn before converting in lewes, east sussex

barn conversion roof - lewes east sussex

new build - lewes barn conversion project, east sussex

Lewes new build in action - lewes East Sussex

new build at the lewes barn conversion project

scaffolding around barn conversion, lewes east sussex

Completed barn conversion, roof at lewes east sussex

Barn conversion project in lewes, east sussex

front of the barn conversion property in lewes, East Sussex

garden at the lewes barn conversion, East Sussex

kitchen in barn conversion of lewes property

rear view of barn conversion in lewes, East Sussex

Development (Ongoing)

Barn conversions

Loan requirement

£1,581,000 (£200,000 based on land value + £1,381,000 towards build costs in stage payments)

Loan term1

12 Months

GDV

£2,600,000

Loan to value %

61%

Exit

Sale

Conversion of two existing barns to 4 units ( terrace of 3 x 2 bed units 775 – 915 sqft and 1 x detached 2 bed 660 sqft ) and the construction of a new detached unit ( 3 bed , 1355 sqft ).

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