Enfield Development Finance: 2 Unit Residential Scheme at 337A Green Lanes London N13 4YF Enters the Pipeline
Application 26/01523/FUL for a 2 flat conversion at 337A Green Lanes N13 is pending decision. We look at the funding and exit options for the scheme.
A new residential conversion has joined the Enfield planning queue. Application 26/01523/FUL, covering 337A Green Lanes London N13 4YF, is currently pending decision according to the London Borough of Enfield planning register (Idox). The register records the application as received on 17/04/2026, so it has been with case officers for roughly three months as of this week.
The proposal, as described on the London Borough of Enfield planning register (Idox), is the conversion of a dwelling into 2 self contained flats, involving an external metal staircase to the rear, and it is flagged as part retrospective. The register lists 2 units proposed and a residential use class. Our desk puts the estimated gross development value at £600,000, a Construction Capital estimate derived from the details on the London Borough of Enfield planning register (Idox).
Small conversion schemes like this one make up a steady share of the applications we track across the borough, and they sit alongside the larger consented sites we monitor on our Enfield coverage page, where the wider borough pipeline and local pricing context are set out in more detail. Green Lanes itself carries consistent demand for one and two bedroom flats, which is exactly the product this application would create.
The finance picture here has two distinct strands. First, the build itself. A dwelling to two flat conversion at this scale is typically funded through light refurbishment or small scheme development facilities from specialist commercial lenders or challenger banks, usually at 65 to 75 percent of cost with interest rolled up. The part retrospective element matters: where works are already partly complete, lenders will want a clear account of what has been built, by whom, and whether building control sign off is in place. Bridging specialists are often the more practical route in that situation, since they can lend against the property in its current condition while the planning position is regularised.
Second, the exit. On a two unit scheme with an estimated £600,000 GDV, the sponsor's options are a sale of both flats, a sale of one and retention of the other, or a full refinance onto term debt. Development exit finance can also bridge the gap between practical completion and sales, releasing capital for the next project without forcing a discounted disposal.
Our read: this is a fundable scheme, but the retrospective element is the point of friction. Sponsors in a similar position should line up the paper trail before approaching lenders: the decision notice once issued, building control documentation, a schedule of completed versus remaining works, and a realistic sales appraisal for the N13 market. With those in hand, both the build facility and the exit can usually be placed on sensible terms. We arrange development and bridging facilities across Enfield and can scope options against a live planning position, including applications still pending decision like this one.
