Bromley Development Finance: 2 Unit Residential Scheme at Land Adjacent to 10 Marlow Close Enters the Pipeline

A new residential application has entered the Bromley planning pipeline. Application 26/02822/FPA, at land adjacent to 10 Marlow Close, Penge, London, is currently pending decision, according to the London Borough of Bromley planning register (Idox). The register shows the application was received on 20/07/2026, so it sits right at the start of the determination process.

The proposal, as described on the London Borough of Bromley planning register (Idox), is for the construction of a single storey detached two bed dwelling with green roof, associated landscaping, boundary treatment, refuse and cycle storage. The register records 2 units proposed and lists the use class as residential, per the London Borough of Bromley planning register (Idox). Sponsors reviewing the file should reconcile the unit count against the description before modelling, since the register's unit figure and the written proposal read differently, and lenders will ask the same question.

On value, our estimate puts the gross development value at £1,700,000. That is a Construction Capital estimate derived from the London Borough of Bromley planning register (Idox) entry, not a figure published by the council, and it will move once the drawings, specification and comparable evidence are worked through properly.

Small infill plots of this kind are the bread and butter of the borough's pipeline, and they are exactly the schemes we see funded most often through the desk. We track applications like this across the borough on our Bromley development finance page, alongside the wider Greater London coverage.

On the finance side, a scheme at this scale typically breaks into two funding events. First, site finance: acquiring the plot, either pre-consent on a bridging basis or post-consent with a ground-up development facility covering land and build. Specialist commercial lenders and bridging specialists are active on sub-£2m London infill, and challenger banks will look at experienced sponsors with a clean cost plan. Green roof specifications and boundary treatments are minor line items, but monitoring surveyors will want them costed, not lumped into contingency.

Second, the development exit. On a 2 unit residential scheme with an estimated GDV of £1,700,000, the exit is usually open market sale, but a developer exit bridge can refinance the build facility once the units are watertight, releasing capital and buying marketing time without pressure from a maturing development loan. Sponsors should price both routes at the outset rather than at practical completion.

Our read: this is a fundable scheme profile, but the application is early. It was received on 20/07/2026 and remains pending decision, so nothing is certain until the committee or delegated officer rules. Sponsors lining up funding now should assemble the appraisal, build costs, planning drawings and an exit assumption for each unit. Doing that while the application is live means terms can be secured quickly if consent lands. Our desk can scope both the site facility and the exit refinance in parallel, which is usually the cheaper way to run it.