Frodsham Library, High Street, Frodsham, Cheshire

Frodsham Library sold to property crowdfunders

Frodsham’s former library has been sold for £630,000, with residential crowd funding company The House Crowd set to convert the building into 14 flats, designed by Ollier Smurthwaite.

The building, which has been empty since 2013 when the town’s library relocated to the Frodsham Leisure Centre, has outline planning consent for 14 homes over 8,300 sq ft.

Construction work is due to start on the project next month, with the first apartments available for sale off-plan in spring 2018. The development is planned to complete in October 2018.

Regional Property Solutions acquired the site on behalf of The House Crowd, and Behr & Co acted on behalf of the building’s private vendor.

A planning application to convert the building into apartments was first rejected in 2015, with Cheshire West & Chester Council claiming that the proposals would represent “overdevelopment of the site which would fail to preserve or enhance the character of the conservation area”.

However, plans were resubmitted and approved earlier this year after apartment numbers were reduced to 14 from 16.

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having read above I just logged on the – The House Crowd website for this site I would be very worried if I had invested, tiny 2 beds under 500 sq ft, which aren’t two beds and project has less than £250k profit on a GDV of over £2m, if this wasn’t crowdfunded it would never has got developed as the return is poor, and above on them reaching asking prices, which they won’t!

By F1_Fan