Six factory conversions generating big bucks for developers
Up and down the UK, there are countless examples of what can be done when a property’s hidden potential is both picked up on and leveraged by the right developer. From rundown factories to derelict industrial complexes, some of the UK’s most prestigious residential developments have sprung up in the most unexpected locations.
To put the whole thing into context, here is a brief overview of six stunning factory conversions which are now generating massive profits for the savvy developers who made them happen using the development finance that has been made available to them:
- Horlicks Quarter, Slough, Berkshire – Prices Starting From £300,000
Rich in history and heritage, this is where the world’s most iconic malty-milk drink was proudly produced for more than 100 years. When the company was sold and production ceased in 2018, the Horlicks Quarter was given a new lease of life as a luxury residential development. Boasting fantastic transport links and a whole host of on-site amenities, the development’s one-bedroom flats start from £300,000.
- The Hoover Building, Greenford, London UB6 – Prices Starting From £325,000
Considering the location of this exquisite art deco building, a starting price of just £325,000 for a one-bedroom apartment is an outright bargain. This is by far one of the finest examples of art deco industrial design to be found anywhere in London – the former UK headquarters and manufacturing plant of the Hoover Corporation, which once employed around 1,600 people.
- The Silk Works, Coventry – Prices Starting From £195,000
Beautifully contemporary and boasting quick and easy access to the M6, this stunning development sits within a former silk factory. Just a couple of miles from Coventry city centre, this desirable development features a range of studios and apartments starting from just under the £200,000 mark.
- Terry’s Clock Tower, York – Prices Starting From £264,950
Who wouldn’t want to live in the place where they used to make the iconic Terry’s Chocolate Orange? This iconic factory is dominated by its imposing Grade II listed clock tower, which serves as the centrepiece for one of York’s most famous post-industrial residential developments. There are 21 units in total available, starting from a very reasonable £265,000.
- The Pickle Factory, London Square Bermondsey, London SE1 – Prices Starting From £675,000
Pickles really do not come more famous than Branston, this is the very location where Branston Pickle used to be produced; positioned just a short walk from the City of London the Pickle Factory boasts one of the most desirable locations of any comparable development in the capital. All of which goes some way to explain the starting price of £675,000 for a small one-bedroom apartment.
- Chappell Lofts, Camden, London NW1 – £3.5 million
Anyone looking to blow a serious chunk of change on the ultimate factory conversion should definitely check out this North London gem. Occupying around 2,000 square feet of what used to be the Chappell Piano Factory; this breathtaking apartment features a double reception room, a kitchen, study and two bedrooms, one with an ensuite bathroom, an additional shower room and separate WC, and a large private balcony. All of which can be yours for ‘just’ £3.5 million.
Meta: We take a look at six of the most impressive factory conversions in the UK, transformed into big-money-making residential developments.
