Ealing Development Finance: 1 Unit Residential Scheme at 26-30 Ealing Gateway Uxbridge Road Ealing W5 Enters the Pipeline
Application 262744FUL proposes an office to residential conversion at Ealing Gateway, W5. We review the funding routes for the scheme.
A new office to residential conversion has entered the Ealing planning pipeline, and it is exactly the kind of small scheme our desk gets asked to fund. Application 262744FUL, covering 26-30 Ealing Gateway, Uxbridge Road, Ealing W5 2AU, is currently pending decision according to the London Borough of Ealing planning register (Idox). The register shows the application was received on 10/07/2026.
The proposal, as described on the London Borough of Ealing planning register (Idox), is the conversion of the existing office building from Use class E(g)(i) to residential use (C3), including replacement glazing and cladding, roof alterations, external terraces, fire safety works, landscaping, cycle and refuse storage, parking reconfiguration and associated works. The same register entry records 1 unit proposed, with the use class listed as residential. Construction Capital estimates a gross development value of £600,000 for the completed scheme, an estimate we have derived from the details published on the London Borough of Ealing planning register (Idox).
Where it sits in the borough
Uxbridge Road remains one of the busiest corridors for planning activity in the borough, and office to residential conversions have been a steady feature of the applications we track across Ealing and the wider west London market. A single unit conversion at this address is modest in scale, but the works list is not: recladding, roof alterations, fire safety upgrades and external terraces point to a meaningful build cost relative to the end value.
The finance angle
A scheme of this profile typically suits one of three routes. Specialist commercial lenders will consider a light development or heavy refurbishment facility covering acquisition and works, usually with staged drawdowns against a monitoring surveyor's sign off. Bridging specialists can fund the purchase ahead of a decision, giving the sponsor control of the asset while the application is determined. Challenger banks tend to enter once consent is granted and the works package is fully costed.
On a £600,000 GDV, leverage is the constraint. Most lenders will cap total facilities at 65 to 70 per cent of GDV, so the sponsor should expect to hold meaningful equity, particularly if cladding and fire safety costs move during the build.
Our read
With the application received in July 2026 and still pending decision, the sensible sequence for the sponsor is: fix the acquisition funding now, get the works package priced by two contractors, and line up a development exit facility for the point of practical completion. Single unit conversions sell or refinance quickly in W5 when priced correctly, and a pre agreed exit keeps the development lender's term from becoming a pressure point. Our desk arranges each of these stages through specialist commercial lenders and bridging specialists active in west London, and we would price this scheme at the smaller end of the conversion market where speed of decision matters more than headline rate.