Enfield Development Finance: 1 Unit Residential Scheme at 73 Churchbury Lane Enfield EN1 3UL Enters the Pipeline

A new residential application has entered the Enfield planning pipeline, and it is one our desk will be tracking through to decision. Application 26/01894/FUL at 73 Churchbury Lane Enfield EN1 3UL is currently pending decision, according to the London Borough of Enfield planning register (Idox). The register records the application as received on 07/05/2026, so it is now roughly two months into determination.

The proposal, as described on the London Borough of Enfield planning register (Idox), is a change of use from Use Class C3 (dwelling house) to Use Class C4 (HMO-house in multiple occupation) with associated cycle and refuse storage, with a single storey rear extension and rear dormer with front rooflights. The register lists 1 unit proposed and classifies the scheme as residential use (London Borough of Enfield planning register (Idox)). Our own analysis puts the estimated gross development value at £445,000, a Construction Capital estimate derived from the London Borough of Enfield planning register (Idox).

Churchbury Lane sits close to Enfield Town, where C3 to C4 conversions have become a recurring feature of the borough's smaller-scheme pipeline. We cover applications like this one, alongside larger consented schemes across the borough, on our Enfield development finance page, which sponsors can use to benchmark this scheme against the wider local pipeline.

From a funding perspective, a project of this shape typically needs two things lined up. First, acquisition and works capital: the rear extension, dormer and internal reconfiguration to HMO standard are the kind of light-to-medium refurbishment that bridging specialists and specialist commercial lenders will fund, usually with the works element released in arrears against monitoring. Second, a credible exit. On an HMO conversion the realistic routes are a sale at the estimated £445,000 GDV or, more commonly on assets of this type, a refinance onto an HMO investment mortgage from challenger banks or specialist commercial lenders once the property is tenanted and producing income.

Our read as brokers: the pending status is the pinch point. Sponsors who wait for the decision notice before approaching lenders lose weeks. On a scheme of this size we would want the valuation instruction, a schedule of works with costings, an Article 4 check on the HMO position, and the exit refinance decision in principle progressing in parallel with determination. That way, if the London Borough of Enfield planning register (Idox) moves this application from pending decision to approved, funds can complete within the sponsor's purchase or refinance timetable rather than months behind it.

We will update this item once a decision is issued. Sponsors working on this scheme, or on comparable HMO conversions elsewhere in the borough, can contact our desk to discuss terms from bridging specialists and specialist commercial lenders active on Enfield residential stock.