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Investment Summary

  • OVERVIEW – This project offers investors a short-term investment opportunity to provide funding for a bridging loan for the acquisition of a development site with existing planning permission in Cobham, Surrey.
  • LOCATION – The site is located in Cobham, Surrey on Icklingham Road, a private, gated road which is part of the affluent Fairmile Estate.
  • THE DEVELOPER – Having worked together successfully on previous projects, the borrower has partnered with prime property developer Meadway Homes for this development. Meadway Homes has a strong track record of building high-specification homes, with 14 projects completed to date.
  • PROPERTY – The enhanced plans submitted by the borrower are in-keeping with the local architecture and feature two large, detached properties each covering 8,500 sq. ft. These plans have already been approved by The Fairmile Estate, the local owners' association.
  • VALUATION – Savills have provided an independent "Red Book" current market valuation of the property with the current planning permission of £3.75 million.