Bromley Development Finance: 6 Unit Residential Scheme at Kinsham Cottage Enters the Pipeline

A new residential application in Orpington has caught the attention of our desk this week, and it carries several features that shape how a funding package would need to be built.

The application

Application 25/05503/FPA at Kinsham Cottage, 5 Pine Glade, Orpington, BR6 8NT is currently pending decision, according to the London Borough of Bromley planning register (Idox). The register records the application as received on 03/12/2025, so it has been with officers for roughly eight months as of this writing, per the same Idox record.

The proposal, as described on the London Borough of Bromley planning register (Idox), is the demolition of the existing house and construction of a 2 storey six bedroom dwelling with basement level and annex accommodation, brought forward as a self build/custom build project. The register lists 6 units proposed and classifies the scheme as residential use, again per the Idox entry. Where a register unit count sits alongside a single-dwelling description with annex accommodation, we treat the documents as the final word: sponsors and their lenders will want the approved drawings to confirm exactly what is being consented before terms are issued.

On value, Construction Capital estimates a GDV of £3,000,000 for the scheme, an estimate we have derived from the details published on the London Borough of Bromley planning register (Idox).

Where it sits in the Bromley pipeline

Demolition and rebuild plots of this kind are a steady feature of the applications we track across Bromley, where mature suburban plots in Orpington, Petts Wood and Farnborough regularly support knock-down and rebuild schemes at meaningful values. A pending £3m project on Pine Glade fits that pattern precisely.

The finance angle

Three funding stages are in play here. First, site or bridging finance to acquire or refinance the existing house while the decision is pending: bridging specialists will lend against the standing dwelling with planning in progress, typically at 65 to 75 per cent of current value. Second, development finance for the demolition and build phase once consent lands: specialist commercial lenders and challenger banks both fund schemes in this GDV bracket, with facilities commonly structured around 60 to 70 per cent of GDV. The self build/custom build designation noted on the register also opens the door to self build products, which can price differently from standard development lines. Third, a development exit facility if the completed property is retained or marketed over a longer window, releasing capital and clearing the build facility before sale.

Our read

The basement level is the point lenders will probe hardest: below-ground works carry cost and programme risk, and credit teams will want a detailed cost plan, contingency and an experienced contractor before drawdown. Sponsors should line up a QS-backed appraisal, evidence of build experience and a clear exit assumption now, so that terms can be tabled quickly once the decision is issued. Our desk is happy to run funding scenarios on this scheme or comparable Bromley plots at any stage.