Wells, Somerset
Bridging Finance
in Wells
Expert bridging finance for property developers in Wells. We connect you with competitive funding from our panel of 100+ lenders.
Wells, Somerset
Bridging Finance
in Wells.
Live market data
Wells
market snapshot.
HM Land Registry sold-price data for Wells over the last twelve months, alongside the live local planning pipeline. Updated weekly.
- Median price
- £335,000
- Sales (12m)
- 246
- YoY change
- +1.5%
- Pipeline units
- 3,186
- Pipeline GDV
- £1067.2M
Planning pipeline
Planning activity
in Wells.
110 residential applications awaiting decision
·180 units in pipeline·£61.0M estimated GDVCurrent Applications
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| 2026/1566/LBC | Internal alterations to convert into 2no. residential units. Reconfigure ground-… 2 Priory Road Wells Somerset BA5 1SY | - | - | Pending | 14/08/2026 |
| 2026/1558/FUL | Proposed erection of a 3 bedroom 2-storey dwelling house, including access and p… 34 Rodden Road Frome Somerset BA11 2AE | - | - | Pending | 13/08/2026 |
| 2026/1537/FUL | Change of Use from Hot Food Takeaway to a Residential Dwelling with fenestration… 40 West End Street Somerset BA16 0LW | 1 | £335,000 | Pending | 11/08/2026 |
| 2026/1532/FUL | Change of use premises into a single dwelling, demolishing existing two-storey f… The Venue 42 South Street Wells Somerset BA5 1SL | 1 | £186,000 | Pending | 10/08/2026 |
| 2026/1522/FUL | Erection of an agricultural building (retrospective) originally allowed under pe… Tor Valley Barn West Bradley Lane West Bradley Glastonbury Somerset BA4 6UE | - | - | Pending | 10/08/2026 |
Deal intelligence
Key schemes
in Wells.
Indicative appraisals of the largest residential schemes in the Wells planning pipeline (all currently awaiting decision). These 3 schemes represent an estimated £48.9M in combined GDV across 137 units, with indicative capital stacks for each.
Demolition & New Build Awaiting decision
Former Greencore Factory Prestleigh Road Evercreech Shepton Mallet Somerset BA4 6JZ
£38.7M
Estimated GDV
Units
110
GDV / Unit
£352k
Build Cost (Range)
£15.3M–£19.4M
Residual Land Value
£4.9M
GDV estimated from the HM Land Registry blended median of £335,000 plus a 5% new-build premium (assumed). At benchmark build costs, the implied residual land value is £4,933,000 (£45k/unit) after a 17.5% developer profit target. Calculate GDV
| Gross Development Value | £38.7M |
| Construction (7,480 sqm @ £2,330/sqm mid) | −£17.4M |
| Externals, fees & contingency | −£5.1M |
| Finance (65% LTGDV, 24m) & sales costs | −£4.4M |
| Developer profit target (17.5% on GDV) | −£6.8M |
| Implied residual land value | £4.9M |
Broker insight: A scheme of this scale would typically attract competitive senior development finance at 60-65% LTGDV with mezzanine stretching to 85% LTGDV. Phased drawdowns reduce interest costs. Consider development exit finance to manage sales at your pace.
Residential Development Awaiting decision
Land At 362977 147235 Chapelfield Oakhill Shepton Mallet Somerset
£8.1M
Estimated GDV
Units
23
GDV / Unit
£352k
Build Cost (Range)
£4.0M–£5.1M
Residual Land Value
Tight
GDV estimated from the HM Land Registry blended median of £335,000 plus a 5% new-build premium (assumed). At benchmark build costs and a 17.5% profit target, viability is tight - land would need to be secured well below prevailing values for this scheme to appraise. Calculate GDV
| Gross Development Value | £8.1M |
| Construction (1,955 sqm @ £2,330/sqm mid) | −£4.6M |
| Externals, fees & contingency | −£1.2M |
| Finance (65% LTGDV, 18m) & sales costs | −£800k |
| Developer profit target (17.5% on GDV) | −£1.4M |
| Implied residual land value | Marginal |
Broker insight: For a 23-unit scheme in Wells, we would typically structure senior debt at 60-65% LTGDV with mezzanine available to reduce equity to as little as 10%. Run an appraisal to model your returns.
Small-Scale Development Awaiting decision
Land Centred 351663 147192 Easton Hill Easton Wells Somerset
£2.1M
Estimated GDV
Units
4
GDV / Unit
£530k
Build Cost (Range)
£630k–£799k
Residual Land Value
£667k
GDV estimated from the HM Land Registry detached house median of £530,000. At benchmark build costs, the implied residual land value is £667,000 (£167k/unit) after a 17.5% developer profit target. Calculate GDV
| Gross Development Value | £2.1M |
| Construction (496 sqm @ £1,440/sqm mid) | −£714k |
| Externals, fees & contingency | −£193k |
| Finance (65% LTGDV, 12m) & sales costs | −£175k |
| Developer profit target (17.5% on GDV) | −£371k |
| Implied residual land value | £667k |
Broker insight: For a 4-unit scheme in Wells, we would typically structure senior debt at 60-65% LTGDV with mezzanine available to reduce equity to as little as 10%. Run an appraisal to model your returns.
Appraisal assumptions
- GDV: HM Land Registry blended median of £335,000 plus a 5% new-build premium (assumed).
- Build cost: £2,050-£2,600/sqm (new build, indicative range informed by BCIS regional tender-price data, 2025/26) × 68 sqm/unit (NDSS-derived).
- On-costs: externals 12.5%, professional fees 10%, contingency 5%, sales & legals 3.5000000000000004% of GDV. Excludes CIL/Section 106, which vary by charging schedule and scheme.
- Finance: senior facility at 65% LTGDV, 8.5% pa on an average 57.49999999999999% drawdown over 24 months, plus 2.5% arrangement and exit fees.
- Residual land value assumes the industry-standard 17.5% developer profit-on-GDV target. Indicative appraisal, not a valuation or lending offer.
Land Registry data
Recent property sales
in Wells.
246 residential transactions in the last twelve months. Median sold price £335,000 (+1.5% YoY)
Detached
£530,000
Semi-Detached
£323,750
Terraced
£300,000
Flat
£186,000
| Date | Address | Type | Price | Tenure |
|---|---|---|---|---|
| 16 Jun 2026 | 20, BURCOTT ROADBA5 2EQ | Terraced | £375,000 | Freehold |
| 12 Jun 2026 | FLAT 2, PALACE COURT, SILVER STREETBA5 1UR | Flat | £107,500 | Leasehold |
| 12 Jun 2026 | THE OLD CIDER HOUSEBA5 1RQ | Terraced | £254,000 | Freehold |
| 12 Jun 2026 | 17, SPRING RISEBA5 1UE | Semi-Detached | £372,500 | Freehold |
| 11 Jun 2026 | 21, NORTH ROADBA5 2TL | Terraced | £317,500 | Freehold |
| 5 Jun 2026 | 18, WELSFORD AVENUEBA5 2HX | Terraced | £270,000 | Freehold |
| 5 Jun 2026 | 5, GOODYMOOR AVENUEBA5 2JH | Semi-Detached | £267,500 | Freehold |
| 3 Jun 2026 | 10, NETTLE COMBE HOUSEBA5 3HJ | Terraced | £310,000 | Leasehold |
| 2 Jun 2026 | 3, EBBOR GORGE ROADBA5 1GP | Terraced | £341,000 | Freehold |
| 1 Jun 2026 | 2, WOODACREBA5 2TE | Semi-Detached | £390,000 | Freehold |
Source: HM Land Registry price paid data, 12 months to August 2026 · Mendip District Council (legacy portal) planning register, retrieved August 2026. Contains HM Land Registry data © Crown copyright and database right, licensed under the Open Government Licence v3.0.
Indicative terms
Bridging Finance rates
for Wells deals.
Typical pricing for bridging finance in Wells. Actual terms depend on GDV, leverage, location and your experience — the numbers below are where most structured deals land.
Interest Rate
From 6.5% p.a.
Loan to Value
Up to 70% LTGDV
Typical Term
12-24 months
Arrangement Fee
1-2% of facility
Indicative only, subject to individual assessment. Actual terms issued against a completed Deal Room submission.
Representative deal
Example bridging finance
structure.
Illustrative 9-Unit Scheme, Wells
An indicative appraisal for a nine-unit residential scheme priced at Wells's own HM Land Registry medians with the locally measured new-build premium applied. Build costs use the regional £/sqm benchmark; every figure updates with the underlying market data.
GDV
£3,059,000
Loan Amount
£1,988,000
LTV
65% LTGDV
Loan Type
Bridging Finance
Representative only. Actual terms vary based on scheme specifics and are issued after underwriting.
Common questions
Bridging Finance in Wells
— answered.
How active is the development pipeline in Wells?
The Mendip District Council (legacy portal) planning register currently shows 110 residential applications awaiting decision in Wells, together proposing 180 units — the largest single scheme proposes 110 units. An active pipeline signals both developer confidence in local demand and lender familiarity with the market, which typically translates into more competitive finance terms.
Market intelligence
Local market
reports.
5 min read
Wells Property Market: House Prices, Sold Data & Development Finance, End of H1 2026
Median price £335,000, 243 sales, +1.5% YoY. Somerset county.
5 min read
Somerset Property Market: Prices, Trends & Development Finance, End of H1 2026
8 towns analysed. Median price £295,000, 7,961 transactions, -0.3% YoY.
Ready when you are
Tell us the deal.
We’ll recommend the structure.
Submit your Bridging Finance enquiry in Wells 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.
Where we fund
Wells,
Somerset.
Adjacent products
Other services
in Wells.
Development Finance
From 6.5% p.a. · Up to 65-70% LTGDV
Mezzanine Finance
From 12% p.a. · Up to 85-90% LTGDV
Bridging Loans
From 0.55% p.m. · Up to 75% LTV
Equity & Joint Ventures
Profit share from 40% · Up to 100% of costs
Refurbishment Finance
From 0.65% p.m. · Up to 75% LTV
Commercial Mortgages
From 5.5% p.a. · Up to 75% LTV
Development Exit Finance
From 0.55% p.m. · Up to 75% LTV
Nearby markets