A total of 228 new apartments are launching in High Wycombe as property developer Regency Residential prepares to bring to market The Old Works, its £65 million mixed-use development.
The development is set to occupy a circa 2.5-acre site on Leigh Street, which comprises a number of derelict former furniture factories. William Birch warehouse, one of the units, was once home to WM Birch Limited, manufacturers of high-quality arts and craft furniture after they acquired it in 1901.
Regency Residential plans to transform the entire site in multiple phases. The first, named de Havilland Buildings, is inspired by High Wycombe’s rich manufacturing history, in particular noted aircraft designer, Geoffrey de Havilland, and his role in building wooden-frame Mosquito planes for the Second World War.
Phase one will consist of 118 new-build studio, one and two-bedroom high specification apartments for sale. A second and third phase will see the developer build 110 new build homes, including one and two-bedroom apartments with duplexes.
During phase two, a number of properties will be constructed using a retained section of the William Birch warehouse. New office spaces will also be created to meet local business needs.
An 18-month construction programme is expected to commence in August 2018.
Prices will start from £199,000 for a studio apartment, with a Help to Buy application for the scheme currently processing. Suited to first-time buyers and home-movers, the properties will be released for sale in stages.
The Old Works sits one mile from High Wycombe rail station, which provides direct links to London in 23 minutes. In close proximity is Buckinghamshire New University, home to more than 8,000 students.
Chris Taylor, managing director of Regency Residential, said: “High Wycombe is the focus of significant regeneration. Given its excellent links to the capital, the town is attracting major investment, which is resulting in an influx of new residential and commercial developments coming to market.
“The Old Works is a landmark mixed-use development that is aiding the town’s transformation, creating a new community that will offer a new standard of living and working for residents and businesses alike.”
The Old Works adds to Regency Residential’s growing portfolio, which comprises more than 7,000 units in 15 locations throughout the UK.