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Buyers snap up apartments at former Chelsea Building Society premises in Gloucestershire

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Written by:   | Posted 09-August-2013 11:26

Buyers snap up apartments at former Chelsea Building Society premises in Gloucestershire

Developers turning a historic Victorian hall in Cheltenham into apartments and a care home have sold 60 per cent of the property off plan.

Berkeley Homes and Beechcroft Development have partially sold the Thirlestaine Park estate for a sum in the region of £1.2 million.

Estate agent Hamptons International have announced that it has agreed to sell a majority of the development before it is finished.

The grade two listed building, located just off of Thirlestaine Road, was previously the home of the Chelsea Building Society.

Permission was granted by Cheltenham town planners in June last year to build a large care home and apartments.

The proposals will see the creation of 147 dwellings on the site with a mix of residential and care units by mid to the end 2014.

Berkeley is in the process of restoring and converting the existing Thirlestaine Hall, Villas and Cottage.

The proposal will comprise of a 63-bed care home, 24 assisted living units and 60 apartments, including the conversion of Thirlestaine Hall into seven residential apartments.

Sarah McKinnon, manager of Hamptons International in Cheltenham, said: “With over 60 per cent sold off plan, apartments at Thirlestaine Park are proving to be particularly popular with those looking for a new build home set within a traditional landscape.

“The apartments are perfect for second homes or an ideal next step for local downsizers looking for a high quality, low maintenance solution.”

Thirlestaine Hall was built for J A Frerichs and enlarged into seven two and three-bedroom apartments in 1910 for John Player, who added the buildings observatory tower.

The additional apartments, together with the three and four-bedroom houses are also being developed in two separate buildings, Regency East and Regency West, which are adjacent to Thirlestaine Hall.

Chelsea Building Society vacated the premises in 2011 after merging with the Yorkshire Building Society.

Staff were relocated to Charlton Kings and to the headquarters of Yorkshire Building Society in Bradford.

Helene Parker-Joel, Gloucestershire and Oxfordshire regional sales manager at Hamptons International, added: “Potential purchasers are advised to strike whilst the iron is hot as these popular new build apartments are flying off the shelves.

“All of the apartments at Thirlestaine Hall and the collection of three and four-bedroom houses, have beautifully proportioned interiors and will be without doubt one of the finest new addresses in Cheltenham.”

Pictured: An artist's impression of how Thirlestaine Park could look.

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