New apartments being built in the place of a derelict former petrol station will fuel investment in Bishop’s Stortford.
Award-winning housebuilder Redrow has pledged to invest almost £200,000 in community facilities as a direct result of its Regent’s Court development on South Street. A total of 48 apartments, including 10 affordable homes, will be built on the site of the former Regent Garage.
The lion’s share of funding will be put towards improving public open space, with more than £125,000 allocated to upgrading a play area on Trinity Street.
Kerry McCoubrey, sales director for Redrow Homes (Eastern), explains:
“The Regent Garage site had fallen into disrepair following its closure a decade ago but having cleared the land of the derelict buildings we’re excited at the prospect of regenerating the area. Known as Regent’s Court, the development will offer a choice of one and two-bedroom apartments, 38 of which will be for private sale, six for affordable rent and four available on a shared equity basis.
“To help ensure the scheme is sustainable we’ll be investing in the local community. For example, we’ll gift almost £25,000 towards the expansion of Richard Whittington School and make contributions towards childcare and nursery provision at Windhill School. More than £33,000 will be paid towards sustainable transport, plus we’ll gift around £5,000 to the local library.”
The scheme will also boost jobs in the area. The Home Builders Federation says the scale of employment supported by house building is equivalent to 4.3 direct, indirect and induced jobs per home.
The apartments at Regent’s Court will initially be sold ‘off plan’ from Intercounty Estate Agents in Bishop’s Stortford. Potential purchasers are encouraged to register their interest to an exclusive launch event on March 17.
It’s anticipated that the first apartments will be ready to move into by spring /summer 2017.