Bromley Development Finance: 9 Unit Residential Scheme at 10 Kemerton Road Wins Consent
Section 73 approval confirmed for a 9 flat scheme at 10 Kemerton Road, Beckenham. What the consent means for site finance and development exit funding.
A nine unit residential scheme in Beckenham has cleared its latest planning hurdle. Application 22/03560/S73A1 at 10 Kemerton Road, Beckenham, BR3 6NJ is approved, according to the London Borough of Bromley planning register (Idox). The register records the application as received on 30/10/2025, and lists the use class as residential.
This was a Section 73 application under the Town and Country Planning Act, seeking variation of conditions 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15 and 16 of permission ref. 22/03560/FULL1, which was itself granted on appeal. Per the Bromley planning register (Idox), the underlying consent covers demolition of the existing dwelling and detached garage/outbuilding and erection of a detached three/four storey block of flats (9 flats), with widening of the existing vehicular access, formation of parking spaces at the front and an access drive to the rear, plus construction of two detached garage blocks comprising 9 garage spaces, along with associated landscaping and refuse/recycling storage. The approved amendments comprise the removal of Trees T23 - T32 (Leyland Cypress) on the eastern boundary, and revised wording of conditions to reflect approval of details under reference 22/03560/CONDIT, approved on 9th September 2024, again per the register.
In pipeline terms, this is a familiar Bromley profile: a single large plot in an established residential street converted into a flatted block at nine units, per the Bromley planning register (Idox). Schemes at this scale rarely make headlines, but they are the bread and butter of borough housing delivery and of the development lending market.
On funding, the numbers are workable. Construction Capital estimates a gross development value of £2,970,000 for the scheme, based on the London Borough of Bromley planning register (Idox) data. At that GDV, a sponsor would typically look at senior development finance from specialist commercial lenders or challenger banks at 60 to 70 percent of GDV, with day one land drawdown followed by staged build tranches signed off by a monitoring surveyor. With conditions now varied and discharge details already approved under 22/03560/CONDIT, the consent is cleaner than most, which shortens lender due diligence.
The exit deserves equal attention. Nine flats sold individually means a sales period that can outlast the loan term, so a development exit bridge from bridging specialists, drawn at practical completion, is the standard tool to refinance the senior facility, release equity early and remove sales pressure. Our desk would price both legs at the outset rather than leaving the exit to the final quarter of the build.
Our read: with the tree removals and condition wording now settled, the sponsor's job is to line up a build contract, a QS-backed cost plan and comparable evidence for the £2.97m end value before approaching credit. We track consents like this one across the borough on our Bromley development finance page, and schemes with an appeal-won permission and discharged details tend to move through credit committees fastest. Sponsors at Kemerton Road, or on similar sites nearby, should have terms tabled well before a start on site.