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
- £332,325
- Sales (12m)
- 332
- YoY change
- +0.7%
- Approved (recent)
- 346
- Pipeline units
- 1,257
- Pipeline GDV
- £417.8M
Planning pipeline
Planning activity
in Wells.
346 approved (last 12 months)
·176 pending
·1,257 units in pipeline·£417.8M estimated GDV·69% approval rate (last 12 months)Recently Approved
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| 2026/1406/LBC | Part reconstruction of eastern and western rear boundary walls including brickwo… Natwest Bank 7 High Street Wells Somerset BA5 2AD | - | - | Pending | 18/09/2026 |
| 2026/0052/FUL | Erection of a single storey dwelling Land At 356960 130759 Honeypot Lane Lydford On Fosse Glastonbury Somerset | - | - | Pending | 17/09/2026 |
| 2026/1312/FUL | Demolition of existing barn and erection of a self build dwelling. Barn At 359066 And 143807 Jacks Lane Croscombe Shepton Mallet Somerset BA5 3QD | - | - | Pending | 17/09/2026 |
| 2026/1267/FUL | Demolition of workshop and office and creation of 1no self-build dwelling and st… Bathway Unit 1 Bathway Chewton Mendip Wells Somerset BA3 4NS | 1 | £332,325 | Pending | 17/09/2026 |
| 2026/1164/FUL | Application for the change of use of land to mixed use agricultural, equestrian … Oaktree Paddock Whitemill Lane Frome Somerset BA11 4EU | - | - | Pending | 16/09/2026 |
Current Applications
| Ref | Proposal | Units | Est. GDV | Status | Date |
|---|---|---|---|---|---|
| 2026/1811/PAA | Prior approval for a proposed change of us of silage barn to 8no. dwellinghouses… Lower Westholme Farm Lower Westholme Road Pilton Shepton Mallet Somerset BA4 4HW | - | - | Pending | 21/09/2026 |
| 2026/1809/APP | Partial approval of condition 1 (Partial Approval 2026/1400/APP) against conditi… Ston Easton Park Bristol Road Ston Easton Wells Somerset BA3 4DF | - | - | Pending | 21/09/2026 |
| 2026/1808/LBC | Retrospective application for works to repair and re-waterproof the existing sla… Jackdaw Cottage Kale Street Batcombe Shepton Mallet Somerset BA4 6AB | - | - | Pending | 18/09/2026 |
| 2026/1790/FUL | Partial demolition of stables, relocation of two stables and the erection of a g… Land At 367977 149770 Brewery Lane Holcombe Shepton Mallet Somerset | - | - | Pending | 17/09/2026 |
| 2026/1786/FUL | Erection of 5no. residential dwellings Land At 373487 154309 Tyning Hill To Faulkland Faulkland Radstock Somerset | - | - | Pending | 16/09/2026 |
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 £226.8M in combined GDV across 650 units, with indicative capital stacks for each.
Major Residential Development Awaiting decision
Land At 379113 150109 Windsbatch Lane Oldford Frome Somerset
£125.6M
Estimated GDV
Units
360
GDV / Unit
£349k
Build Cost (Range)
£50.2M–£63.6M
Residual Land Value
£15.4M
GDV estimated from the HM Land Registry blended median of £332,325 plus a 5% new-build premium (assumed). At benchmark build costs, the implied residual land value is £15,424,000 (£43k/unit) after a 17.5% developer profit target. Calculate GDV
| Gross Development Value | £125.6M |
| Construction (24,480 sqm @ £2,330/sqm mid) | −£57.0M |
| Externals, fees & contingency | −£16.8M |
| Finance (65% LTGDV, 24m) & sales costs | −£14.4M |
| Developer profit target (17.5% on GDV) | −£22.0M |
| Implied residual land value | £15.4M |
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.
Major Residential Development Awaiting decision
Land South Of Fossefield Road Fosse Way Stratton On The Fosse Shepton Mallet Somerset
£62.8M
Estimated GDV
Units
180
GDV / Unit
£349k
Build Cost (Range)
£25.1M–£31.8M
Residual Land Value
£7.7M
GDV estimated from the HM Land Registry blended median of £332,325 plus a 5% new-build premium (assumed). At benchmark build costs, the implied residual land value is £7,711,000 (£43k/unit) after a 17.5% developer profit target. Calculate GDV
| Gross Development Value | £62.8M |
| Construction (12,240 sqm @ £2,330/sqm mid) | −£28.5M |
| Externals, fees & contingency | −£8.4M |
| Finance (65% LTGDV, 24m) & sales costs | −£7.2M |
| Developer profit target (17.5% on GDV) | −£11.0M |
| Implied residual land value | £7.7M |
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.
Demolition & New Build Awaiting decision
Former Greencore Factory Prestleigh Road Evercreech Shepton Mallet Somerset BA4 6JZ
£38.4M
Estimated GDV
Units
110
GDV / Unit
£349k
Build Cost (Range)
£15.3M–£19.4M
Residual Land Value
£4.7M
GDV estimated from the HM Land Registry blended median of £332,325 plus a 5% new-build premium (assumed). At benchmark build costs, the implied residual land value is £4,713,000 (£43k/unit) after a 17.5% developer profit target. Calculate GDV
| Gross Development Value | £38.4M |
| 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) | −£6.7M |
| Implied residual land value | £4.7M |
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.
Appraisal assumptions
- GDV: HM Land Registry blended median of £332,325 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.
332 residential transactions in the last twelve months. Median sold price £332,325 (+0.7% YoY)
Detached
£560,000
Semi-Detached
£320,000
Terraced
£295,000
Flat
£187,000
| Date | Address | Type | Price | Tenure |
|---|---|---|---|---|
| 29 Jul 2026 | 4, MORGANS YARDBA5 1UJ | Terraced | £330,000 | Freehold |
| 22 Jul 2026 | 38, SOUTHOVERBA5 1UH | Terraced | £255,000 | Freehold |
| 17 Jul 2026 | 30, MANOR COURTBA5 1ER | Detached | £300,000 | Freehold |
| 17 Jul 2026 | DERE COTTAGEBA5 3ED | Semi-Detached | £267,500 | Freehold |
| 14 Jul 2026 | 5, HOPE CLOSEBA5 2FH | Semi-Detached | £242,500 | Freehold |
| 10 Jul 2026 | PROSPECT FARM BARNBA5 1QJ | Detached | £975,000 | Freehold |
| 9 Jul 2026 | FLAT 9, HOMECHIME HOUSE, PRIORY ROADBA5 1SH | Flat | £110,000 | Leasehold |
| 8 Jul 2026 | 6, SINGLETON COURTBA5 2NE | Semi-Detached | £300,000 | Freehold |
| 7 Jul 2026 | ELM BATCHBA5 1AY | Detached | £560,000 | Freehold |
| 7 Jul 2026 | MALFORD COTTAGEBA5 3PZ | Terraced | £497,000 | Freehold |
Source: HM Land Registry price paid data, 12 months to September 2026 · Mendip District Council (legacy portal) planning register, retrieved September 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
£3,024,000
Loan Amount
£1,966,000
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 176 residential applications awaiting decision in Wells, together proposing 775 units — the largest single scheme proposes 360 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, Q3 2026 Edition
Median price £332,325, 332 sales, +0.7% YoY. Somerset county.
6 min read
Somerset Property Market: Prices, Trends & Development Finance, Q3 2026 Edition
8 towns analysed. Median price £297,500, 11,197 transactions, -1.3% 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