diff --git a/.changeset/honest-crabs-try.md b/.changeset/honest-crabs-try.md
new file mode 100644
index 0000000000..d8020ecea9
--- /dev/null
+++ b/.changeset/honest-crabs-try.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: `bind:value` to select with stores
diff --git a/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js b/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
index 65959938ac..0779195e2e 100644
--- a/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
+++ b/packages/svelte/src/compiler/phases/3-transform/server/visitors/RegularElement.js
@@ -119,8 +119,8 @@ export function RegularElement(node, context) {
 							'=',
 							left,
 							value.expression.type === 'SequenceExpression'
-								? b.call(value.expression.expressions[0])
-								: value.expression
+								? /** @type {Expression} */ (context.visit(b.call(value.expression.expressions[0])))
+								: /** @type {Expression} */ (context.visit(value.expression))
 						)
 					)
 				);
diff --git a/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/_expected.html b/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/_expected.html
new file mode 100644
index 0000000000..96d1d8b233
--- /dev/null
+++ b/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/_expected.html
@@ -0,0 +1 @@
+<select><option value="">--Please choose an option--</option><option value="dog" selected>Dog</option><option value="cat">Cat</option></select>
\ No newline at end of file
diff --git a/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/main.svelte b/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/main.svelte
new file mode 100644
index 0000000000..cb3b554762
--- /dev/null
+++ b/packages/svelte/tests/server-side-rendering/samples/select-value-bind-store/main.svelte
@@ -0,0 +1,10 @@
+<script>
+	import { writable } from 'svelte/store';
+	const value = writable('dog');
+</script>
+
+<select bind:value={$value}>
+	<option value="">--Please choose an option--</option>
+	<option value="dog">Dog</option>
+	<option value="cat">Cat</option>
+</select>
\ No newline at end of file