Croydon £958K

Ground Up

Gross Loan

£958,969

Loan Type

Ground Up

Term

12 Months

LTGDV/LTV

65.5%

Annual Rate

9%

Monthly Rate

0.75%

This cleared plot of land, which is located in Croydon, South London benefits from planning permission for construction of a 4-bed end of terrace house and 2x 2-bedroom + Study detached houses.

Each of the units will benefit from private outside space as well as access to a communal courtyard. The borrower is experienced and has completed a number of refurbishments projects as well as one additional ground up development.

The properties are located close to a range of amenities close by, and benefits from a local a tram station which runs to Wimbledon, and Beckenham and Croydon. 

“I was really impressed at the speed in which Avamore worked, especially when it came to delivery – their ability to re-use the existing valuation played a massive part in this. They are very well-connected and referred a decent QS who was on site within a matter of days. The team were always available at the drop of a hat, despite their heavy workloads of managing multiple cases. I will definitely be coming back to Avamore and look forward to many more completions!”

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