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Westminster
development finance.

Expert property development finance in Westminster, Greater London. Median price £800,000, 2,539 annual sales. We connect developers with competitive funding from 100+ lenders.

Start a Westminster dealOr call +44 20 3816 3693
Median price
£800k
Sales (12m)
2,539
YoY change
-12.6%
Aerial photography of London skyline during daytime

Westminster, Greater London

Property finance
in Westminster.

Westminster - central London super-prime market covering Pimlico, Victoria and St John's Wood with heritage-led conversions. With a median property price of £800,000 and 2,539 transactions in the last twelve months, Westminster represents a active market with prices down 12.6% year-on-year.

Semi-detached homes command a median of £4.5M while flats average £705,000, reflecting the breadth of Westminster's residential market. New-build activity is notable, with 41 new-build transactions recorded over the past year - a signal of active development demand.

Whether you need development finance for a ground-up scheme, bridging finance to secure a site at auction, or mezzanine finance to stretch your capital stack, our brokers arrange the full range of property finance across Westminster and the wider Greater London area. Each deal is structured around your specific project, with terms negotiated from our panel of over 100 lenders.

Westminster Property Market ReportGreater London County Market Report

The capital stack

Seven funding routes for
every Westminster scheme.

Senior debt, mezzanine, bridging, equity, refurbishment, commercial mortgages and exit finance — arranged for Westminster developers on the deal, not the product sheet.

Development Finance

Senior debt funding for ground-up residential and commercial developments.

From 6.5% p.a.Up to 65-70% LTGDV
Development Finance in Westminster

Mezzanine Finance

Stretch your capital stack beyond senior debt to reduce equity requirements.

From 12% p.a.Up to 85-90% LTGDV
Mezzanine Finance in Westminster

Bridging Loans

Short-term finance for acquisitions, auction purchases and time-sensitive deals.

From 0.55% p.m.Up to 75% LTV
Bridging Loans in Westminster

Equity & Joint Ventures

Equity partnerships and JV structures for developers seeking capital partners.

Profit share from 40%Up to 100% of costs
Equity & Joint Ventures in Westminster

Refurbishment Finance

Funding for light and heavy refurbishment projects including conversions.

From 0.65% p.m.Up to 75% LTV
Refurbishment Finance in Westminster

Commercial Mortgages

Long-term finance for commercial property acquisition and refinancing.

From 5.5% p.a.Up to 75% LTV
Commercial Mortgages in Westminster

Development Exit Finance

Short-term funding to repay development finance while you sell completed units.

From 0.55% p.m.Up to 75% LTV
Development Exit Finance in Westminster

Live market data

Westminster
market snapshot.

HM Land Registry sold-price data for Westminster over the last twelve months, alongside the live local planning pipeline. Updated weekly.

Median price
£800,000
Sales (12m)
2,539
YoY change
-12.6%
Approved (recent)
90
Pipeline units
340
Pipeline GDV
£292.7M

Westminster development appraisal

Model the numbers
for your scheme.

Pre-populated with Westminster median prices and typical senior-debt pricing. Adjust the inputs to match your deal and we will hand the working assumptions through to the Deal Room.

Scheme Inputs

Pre-populated with Westminster median prices. Adjust to match your scheme.

£
£
£
%

Build cost pre-filled at £2,950/sqm (regional benchmark) for a 6-unit scheme. Assumes 10% professional fees, 10% contingency, 65% LTGDV senior debt, 18-month term. Full calculator →

Capital Structure

Total Cost£20,870,200
Senior Debt (65% LTGDV)£18,376,150
Equity Required£2,494,050
Interest (18m)£2,067,317
Profit on Cost23.3%
Senior Debt£18,376,150
Equity£2,494,050
Get Terms for This Scheme

Land Registry data

Recent property sales
in Westminster.

2,539 residential transactions in the last twelve months. Median sold price £800,000 (-12.6% YoY). 41 new-build transactions with a +360.6% premium over existing stock.

Detached

£3,050,000

Semi-Detached

£4,487,500

Terraced

£2,100,000

Flat

£705,000

DateAddressTypePrice
25 Aug 2026FLAT 4, 29 - 31, CRAVEN ROADW2 3BXFlat£470,000
24 Aug 202625, VINCENT SQUARESW1P 2NJTerraced£2,450,000
21 Aug 2026FLAT 25, GOODWOOD COURT, 54 - 57, DEVONSHIRE STREETW1W 5EFFlat£775,000
21 Aug 2026206, WESTCLIFFE APARTMENTS, 1, SOUTH WHARF ROADW2 1JBFlat£1,030,000
21 Aug 2026FLAT 100, ARTILLERY MANSIONS, 75, VICTORIA STREETSW1H 0HXFlat£860,000
20 Aug 202648, ALBEMARLE STREETW1S 4DHOther£15,900,000
20 Aug 2026FLAT 14, CASTELLAIN MANSIONS, CASTELLAIN ROADW9 1HAFlat£485,937
20 Aug 20262, ELGIN MEWS NORTHW9 1NNTerraced£880,000
19 Aug 2026412, EDGWARE ROADW2 1EDOther£800,000
18 Aug 2026APARTMENT 32, 122 - 126, CHANCERY LANEWC2A 1PUFlat£650,000

Planning pipeline

Planning activity
in Westminster.

90 approved (last 15 months)
·
43 pending
·340 units in pipeline·£292.7M estimated GDV·74% approval rate (last 15 months)

Recently Approved

RefProposalUnitsEst. GDVStatus
26/04929/P3JPA

Application for Prior Approval under Class MA, Part 3 of Schedule 2 of the Town …

Near W1W 6JE

6£4.8MPending
25/06568/OUT

Erection of replacement single storey rear extensions at lower ground floor leve…

Near W9 2BP

4£2.8MPending
26/03628/FULL

Change of use of first, second, third and mezzanine (fourth) floors from office …

Near W1F 0TE

2£1.4MPending
25/06251/FULL

Erection of a two storey rear extension at first and second floors over existing…

Near W2 1ED

2£1.6MPending
26/01660/FULL

Alterations and extensions in connection with the use of the third and fourth fl…

Near WC2B 4LD

1£705,000Pending

Current Applications

RefProposalUnitsEst. GDVStatus
26/06557/P3JPA

Prior approval for change of use from commercial (Use Class E) to residential (U…

Near NW8 9LL

7£4.9MPending
26/06252/FULL

Change of use of former School House to form a single residential unit, extensio…

Near WC2B 5SG

1£800,000Pending
26/06149/FULL

Use of the First, Second and Third Floors as residential units (Class C3) with O…

Near W1H 1HA

--Pending
26/05938/FULL

Subdivision of existing residential property to create two self-contained 3-bedr…

Near SW1P 2NJ

2£1.6MPending
26/05816/CLOPUD

Change of use of three existing small HMOs (flats 1, 2 and 4) from current C4 Ho…

Near W1F 0TY

3£2.1MPending

Source: HM Land Registry price paid data, 12 months to October 2026 · City of Westminster planning register, retrieved October 2026. Contains HM Land Registry data © Crown copyright and database right, licensed under the Open Government Licence v3.0.

Common questions

Property finance in Westminster
— answered.

What is the average property price in Westminster?
The median property price in Westminster is £800,000, based on Land Registry transactions over the past 12 months. Broken down by type: semi-detached properties at £4.5M, detached homes at £3.0M, terraced houses at £2.1M, flats at £705,000.
Is Westminster a good area for property development?
Westminster recorded 2,539 property transactions in the last 12 months, with prices adjusting 12.6% year-on-year - creating potential value opportunities for developers. Central London super-prime market covering Pimlico, Victoria and St John's Wood with heritage-led conversions. Active transaction volumes indicate a liquid market where completed developments can achieve timely sales.
What types of property finance are available in Westminster?
We arrange the full range of property development finance in Westminster: development finance for ground-up schemes, bridging loans for auction purchases and chain breaks, mezzanine finance to stretch your capital stack, refurbishment finance for conversion projects, commercial mortgages for income-producing assets, equity and joint ventures for larger schemes, and development exit finance for completed projects awaiting sales.
How do I apply for development finance in Westminster?
Start by submitting your deal through our Deal Room with your project details - site address, purchase price, build costs, and expected end value. Our team will review your scheme, model the funding structure, and present you with terms from our panel of over 100 lenders within 48 hours. There's no upfront fee and no obligation until you choose to proceed.
What are typical development finance rates in Westminster?
Development finance rates for Westminster projects typically range from 7-11% per annum, depending on scheme size, developer experience, and leverage. For a scheme with a GDV of around £26.9M, you could expect senior debt at 60-70% of GDV with rates from 7.5%. Arrangement fees are usually 1-2% of the facility. We negotiate the best available terms from our lender panel for each deal.

Expert guides

Further reading
on development finance.

Bridge First, Then Development Finance: When Bridging Comes First

6 min read read

Mezzanine vs Equity Funding: Control, Risk and Exit Compared

6 min read read

Bank vs Specialist Development Finance: Pros, Cons and When to Use Each

5 min read read

Senior Debt vs Mezzanine Finance: How They Work Together in Your Capital Stack

4 min read read
View all guides

Recent deals

Property finance deals
in Greater London.

Real schemes we have structured for developers in Greater London. Sanitised for confidentiality, anchored in actual terms issued.

Bridging + Refurbishment

Auction Purchase & Refurb

Rapid bridging finance for an auction purchase in Hackney. Funds drawn within 14 days to meet auction completion deadline, then refinanced into refurbishment facility.

GDV
£1.8M
Leverage
70% LTV
View all case studies

Where we fund

Westminster,
Greater London.

Nearby markets

Adjacent towns
we also fund.

Croydon

Median · £415,000

South London's largest regeneration programme with over 10,000 new homes planned in the town centre

Barking

Median · £380,000

East London regeneration hub anchored by Barking Riverside - one of Europe's largest brownfield developments

Woolwich

Median · £450,000

Elizabeth Line connectivity driving residential demand along the Royal Arsenal Waterfront

Ealing

Median · £515,000

West London beneficiary of Crossrail with strong family housing demand and conservation area opportunities

Stratford

Median · £430,000

Olympic legacy area with continued institutional investment and strong transport connectivity

Lewisham

Median · £450,000

Bakerloo line extension target area with significant council-led regeneration plans

Ready when you are

Tell us the deal.
We’ll recommend the structure.

Submit your development finance enquiry in Westminster and a partner will come back with an initial structure and indicative terms within one working day. No forms-for-forms’-sake — a short note on the scheme is enough.

Enter the Deal RoomOr call +44 20 3816 3693