Hitchin Hatch LaneSevenoaks, Kent
The Spell Fund provided £1,678,000 towards the purchase, planning and development costs of eight five bedroom houses on a road close to Sevenoaks station and high street. The site was originally 2 neighbouring properties each with a substantial garden. The combined site was approximately one and a half acres. The site was bought in the summer of 2007 just before the financial crisis took hold but with the support of the Spell Fund the developer worked through this difficult period. While the development took a little longer than anticipated to complete due to issues with certain banks the final outcome was still very successful for the developer and the Spell Fund.