Enfield Development Finance: 1 Unit Residential Scheme at 2 Lilac Avenue Enfield EN1 4QY Enters the Pipeline

A new residential application has joined the Enfield planning pipeline, and it is the sort of small conversion scheme our desk sees financed week in, week out. Application 26/01545/FUL, at 2 Lilac Avenue Enfield EN1 4QY, is currently pending decision, according to the London Borough of Enfield planning register (Idox). The application was received on 20/04/2026, the register shows.

The proposal is a change of use from Use Class C3 (dwelling house) to Use Class C4 (HMO, house in multiple occupation), involving a single storey side and rear extension, a rear dormer, front rooflights, and associated amenity, cycle and refuse storage, per the London Borough of Enfield planning register (Idox). The register records 1 unit proposed, and the use class is residential. Construction Capital estimates a gross development value of £445,000 for the completed asset, based on the scheme details published on the London Borough of Enfield planning register (Idox).

Where it sits in the Enfield pipeline

Small HMO conversions of this kind rarely make headlines, but they are a steady feature of the borough's residential activity, and they carry a distinct funding profile. For sponsors weighing similar projects, our Enfield page sets out how we approach development and refurbishment funding across the borough, including typical structures for sub £500,000 schemes like this one.

The finance angle

A C3 to C4 conversion with structural works sits squarely in refurbishment bridging territory. The likely funding path runs in three stages. First, acquisition or refinance of the existing dwelling, typically via bridging specialists lending against the current C3 value. Second, a works facility covering the extension, dormer and internal reconfiguration, either drawn in arrears against a monitoring surveyor's sign off or structured as a single refurbishment bridge with a works allowance. Third, the exit: on a £445,000 estimated end value, the sponsor can either sell or refinance onto a term HMO product, where specialist commercial lenders and challenger banks will generally lend against a bricks and mortar or investment valuation depending on room count and Article 4 status.

Our read

Timing is the main variable. With the application received on 20/04/2026 and still pending decision on the London Borough of Enfield planning register (Idox), a sponsor lining up funding now should build determination risk into the facility term. Our advice on schemes at this stage: get the exit agreed in principle before drawing the bridge, obtain a red book valuation on both current and end values, and confirm whether the completed asset will be valued as a C4 investment or a standard dwelling, because that single point moves the exit loan size materially. Sponsors with a live interest in this or comparable Enfield schemes can speak to our desk for indicative terms.