Bromley Development Finance: 9 Unit Residential Scheme at 4A Blakeney Road Wins Consent
Bromley approves S73A variation for a 9 apartment scheme at 4A Blakeney Road, Beckenham. Our desk sets out the site finance and exit funding angles.
A nine unit residential scheme in Beckenham has cleared another planning hurdle. Application 24/01018/S73A at 4A Blakeney Road, Beckenham, BR3 1HA is now approved, according to the London Borough of Bromley planning register (Idox).
The application, received on 12/08/2025 per the London Borough of Bromley planning register (Idox), sought a variation under Section 73 of the Town and Country Planning Act 1990. Specifically, it varied Condition 2 of planning permission 24/01018/FULL1 dated 17.06.2025, which covers demolition of the existing dwelling and erection of two three storey blocks containing a total of 9 apartments incorporating habitable roof space, with associated access, private and communal amenity space, refuse and cycle storage. The variation allows for a widened rear block and elevational alterations, as recorded on the London Borough of Bromley planning register (Idox).
The register confirms 9 units are proposed and lists the use class as residential (London Borough of Bromley planning register (Idox)). Based on the scheme details in the London Borough of Bromley planning register (Idox), Construction Capital estimates a gross development value of £2,970,000.
Where it sits in the borough pipeline
Small and mid sized apartment schemes on infill and single dwelling plots remain the workhorse of housing delivery in this part of south east London. Beckenham's BR3 postcode continues to attract exactly this profile: knock down one house, deliver nine flats over three storeys with roof level accommodation. With the S73A consent in place, the sponsor now holds an updated permission that reflects the built form they actually intend to construct, which matters to lenders as much as it does to building control.
The finance angle
A £2.97 million GDV scheme of this shape typically needs a development facility covering demolition, groundworks and the full build of both blocks, usually structured as senior debt at 60 to 70 percent of GDV with interest rolled up. Specialist commercial lenders and challenger banks are both active at this ticket size in Greater London, and the approved variation removes a common credit committee question: whether the drawings being funded match the permission on the register.
The exit deserves equal attention. Nine open market flats rarely sell in one motion, so sponsors should plan for a development exit bridge from bridging specialists to refinance the senior facility once practical completion is reached, cutting the interest cost while the remaining units sell through.
Our read
We view an approved S73A as a green light to start funding conversations in earnest, not a reason to wait. Sponsors on comparable schemes across the borough can see how we approach appraisals, day one advances and exit planning on our Bromley development finance page. Our desk would want a current appraisal, a build cost breakdown from the contractor or QS, and comparable sales evidence for BR3 lined up before approaching lenders, because well packaged nine unit schemes in this borough are getting funded.