Bromley Development Finance: 2 Unit Residential Scheme at 4A Westmoreland Road Enters the Pipeline

A new residential application has landed on our Bromley development finance watchlist this month. According to the London Borough of Bromley planning register (Idox), application 26/02777/FPA at Ground Floor Flat, 4A Westmoreland Road, Bromley, BR2 0QL is currently pending decision, having been received by the council on 14/07/2026.

The application: scheme, units, and status

The proposal, as recorded on the London Borough of Bromley planning register (Idox), is a part one/two storey rear extension to existing flats 4A-4B to change from 1 to 2 bedroom dwellings, with elevational alterations and associated bin and cycle stores. The register lists 2 units proposed and classifies the scheme as residential use. Our desk estimates a gross development value of £660,000 for the finished units, a Construction Capital estimate derived from the scheme details published on the London Borough of Bromley planning register (Idox).

Where it sits in the Bromley pipeline

Westmoreland Road sits south of Bromley town centre, in a corridor where small-scale intensification of existing flatted stock has become a recurring theme. Schemes of this size rarely make headlines, but they are exactly the kind of project we track for the small developer market we cover on our Bromley page, where two-unit conversions and extensions make up a meaningful share of local borrowing activity.

The finance angle: what funding the scheme would need

A rear extension and reconfiguration of two existing flats is a light-to-medium refurbishment in lender terms, not a ground-up build. At an estimated £660,000 GDV, the likely funding routes are:

• A refurbishment bridge from bridging specialists, drawn against the existing flats with a works facility for the extension and internal reconfiguration.
• A small development facility from specialist commercial lenders, typically advancing 65 to 70 percent of GDV where the sponsor has a track record.
• A term product from challenger banks on completion if the sponsor intends to retain the enlarged 2 bedroom units as rental stock.

The exit is the other half of the equation. With 2 units at this value point, a sale exit is straightforward to underwrite, but a refinance onto a buy-to-let or portfolio product is equally plausible, and a development exit bridge can buy time between practical completion and either outcome.

Our read as brokers

Sponsors behind schemes like 26/02777/FPA should line up three things while the application is pending: an up-to-date schedule of works with costed contingency, evidence of the value uplift from 1 to 2 bedroom layouts using local comparables, and a clear exit statement. Lenders on small Bromley schemes price heavily on the credibility of that package. Getting terms indicated before a decision notice arrives means funds can move quickly once consent is granted, and on a project of this scale the difference between a prepared and an unprepared sponsor is often a full month of holding costs.

We will follow the application through to decision and update this note when the council determines it.