7
Live planning schemes
Greater Manchester
Commercial Property Development Finance in Wigan
Senior debt, stretch senior, mezzanine, JV equity, stabilisation and development exit finance for commercial schemes in Wigan.
Written by Matt Lenzie Founder & Principal Broker · 25 years arranging development finance
1
Units in the pipeline
£114k
Development pipeline GDV
£182k
Residential median (exit context)
We arrange commercial property development finance in Wigan for schemes from around one million pounds of gross development value upward. Whether you are building student accommodation, a logistics unit, a care home or an office refurbishment, we model the capital stack and take it to the lenders most likely to fund that scheme in Greater Manchester.
We underwrite a Wigan scheme on its commercial fundamentals, with the local residential market as a gauge of exit liquidity for any residential element. That market is active and liquid, around 3,572 residential sales in the past year at a £182,000 median, which helps test the values for the homes in a mixed-use or conversion scheme.
Development finance structures for Wigan schemes
We arrange the whole capital structure for Wigan commercial schemes. Senior development finance funds the bulk of the build, typically to 65 to 70 percent of cost and 60 to 65 percent of gross development value. Stretch senior and mezzanine finance lift leverage when the appraisal supports it, reducing the equity you commit. JV equity fills the remaining gap for developers scaling beyond their own balance sheet. For operational schemes that let up or trade after completion, such as student accommodation, care homes, hotels or self-storage, stabilisation finance carries the asset from practical completion through to stabilised income. Once the scheme is stabilised or sold, development exit finance refinances it onto cheaper money while units sell or let, releasing equity for the next site in Greater Manchester.
Commercial development we finance across Wigan
Each commercial asset class is underwritten on different tests by different lenders, and we arrange finance for all of them in Wigan and across Greater Manchester. That covers student accommodation and offices, warehouses and logistics, care homes and healthcare, retail, hotels and leisure, industrial and mixed-use schemes, and the higher-growth classes of self-storage, data centres and life sciences. Knowing which lender backs which sector here, and at what leverage, is the work we do before a scheme ever reaches a credit committee. Local planning records show 1 units in the Wigan development pipeline with an estimated value of £114,000, a measure of current development appetite in the area.
Finance we arrange for Wigan schemes
What the Wigan market means for your appraisal
Wigan is a regeneration market within Greater Manchester, where lower current values mean the scheme's end value and the strength of local demand carry the appraisal. These markets reward developers who can evidence demand, and lenders often look for a clear exit or pre-sale before stretching leverage.
Residential market depth as exit context
Residential sold-price depth is one input a development lender uses to gauge exit liquidity, particularly for the residential element of mixed-use, build-to-rent and conversion schemes. Wigan recorded around 3,572 residential sales over the past year at a median of £182,000, which makes the local market active and liquid. New-build stock carries a premium of 46% over existing stock here. Commercial values turn on covenant, yield and sector demand, which we assess scheme by scheme.
This residential mix is exit context for the homes within a mixed-use or conversion scheme. It is not a guide to commercial values, which are sector and covenant driven.
Residential sold price by type (Wigan)
| Detached | £325,000 |
| Semi-detached | £205,000 |
| Terraced | £138,000 |
| Flat / apartment | £114,000 |
Source: HM Land Registry residential price-paid data, last 12 months.
Recent price trend
| Quarter | Median | Sales |
|---|---|---|
| 2024-Q2 | £177k | 1252 |
| 2024-Q3 | £177k | 1517 |
| 2024-Q4 | £185k | 1596 |
| 2025-Q1 | £185k | 1627 |
| 2025-Q2 | £177k | 1134 |
| 2025-Q3 | £185k | 1249 |
| 2025-Q4 | £185k | 1108 |
| 2026-Q1 | £175k | 576 |
Pipeline
Live development pipeline across Greater Manchester
Relevant planning activity recorded by Wigan Council, a read on competing supply and local development appetite.
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Leigh Liberal Club Church Street Leigh WN7 1AY
Removal of condition 10 of planning permission A/25/098641/FULL - to allow commencement of above ground works without written confirmation from the appointed Building Control body
View on the planning portal → -
ALDI Scot Lane Wigan WN5 0TQ
Section 73 application to vary condition 2 of planning permission A/19/86511/VAR - to allow the premises to be operated on a 24-hour basis
View on the planning portal → -
25 Abbeydale Appley Bridge Wigan WN6 9HX
Single storey rear extension projecting 3.6 metres, height to the eaves 2.55 metres and height to the ridge 3.61 metres following demolition of existing conservatory
View on the planning portal → -
Pennington Farm Pennington Lane Haigh Wigan WN2 1NH
Single storey rear extension projecting 8 metres, height to the eaves 2.5 metres and height to the ridge 4 metres
View on the planning portal → -
Car Park 2 Kingscroft Court Wigan
To vary condition 2 (plans) of Planning Permission A/23/95244/FULL - to allow amendments to the design of the units and increase in parking area
View on the planning portal → -
13 Preston Road Standish Wigan WN6 0HR
Prior notification for change of use of the first floor to 1 apartment (Use Class C3)
View on the planning portal →
Evidence
Recent residential sales in Wigan postcodes
A sample of recent residential transactions across WN5, WA3, WN6, WN4, WN2, exit context for the residential element of a scheme rather than a guide to commercial values.
| Address | Postcode | Type | Price | Date |
|---|---|---|---|---|
| 1, ABBEY DRIVE | WN5 8RW | Semi-detached | £255,000 | 27 March 2026 |
| 33, SOUTHMEAD | WA3 2XE | Detached | £285,000 | 27 March 2026 |
| 8, WESTON PARK | WN6 8LE | Detached | £360,000 | 23 March 2026 |
| 195, DOWNALL GREEN ROAD | WN4 0DW | Terraced | £40,800 | 23 March 2026 |
| 4, KNOWSLEY ROAD | WN6 7PP | Semi-detached | £225,000 | 23 March 2026 |
| 83, LIVERPOOL ROAD | WN2 3HQ | Terraced | £150,000 | 23 March 2026 |
| 25, TREVORE DRIVE | WN1 2TT | Flat / apartment | £122,000 | 23 March 2026 |
| 84, GADBURY FOLD | M46 0GX | Detached | £475,000 | 23 March 2026 |
| 9, LAZENBY CRESCENT | WN4 9NJ | Semi-detached | £230,000 | 20 March 2026 |
| 40, FELL STREET | WN7 4RB | Semi-detached | £205,000 | 20 March 2026 |
FAQ
Commercial property development finance in Wigan: common questions
How much commercial property development finance can I raise in Wigan?
Most senior lenders fund up to 65 to 70 percent of total cost, capped at 60 to 65 percent of gross development value, with stretch senior or mezzanine lifting that toward 85 to 90 percent of cost on a strong scheme. The Wigan exit market, currently active and liquid, informs the gross development value a lender will accept.
Which lenders provide development finance in Wigan?
We hold more than one hundred lender relationships across banks, challenger banks, debt funds and private capital. The right lender for a Wigan scheme depends on the sector, the leverage you need and your track record, and we shortlist the desks most likely to back it across Greater Manchester.
How does the Wigan residential market affect a commercial scheme?
It matters mainly as exit context for the residential element of mixed-use, build-to-rent and conversion schemes. HM Land Registry records a £182,000 residential median in Wigan over the past year across roughly 3,572 sales, with flats around £114,000. Commercial values, by contrast, turn on covenant, yield and sector demand, which we assess scheme by scheme.
Do you fund commercial development beyond Wigan?
Yes. We arrange commercial property development finance across the whole of Greater Manchester and the wider UK, with the same approach: model the capital stack, match the scheme to the lenders that back its sector, and negotiate terms on the developer's behalf.
Funding a scheme in Wigan?
Send us the outline and we will come back with a view on fundability and likely terms within one working day.