THE developers of the complex of flats at the former swimming pool site in Hexham have agreed prices on a selection of apartments.

The Wool House development will see 45 contemporary one and two-bedroomed apartments built across six floors on the site on Gilesgate.

There will also be landscaped communal gardens and undercroft and external car parking.

The development is now expected to be completed by next summer.

The developers said the first apartments are likely to sell for between £450,000-£525,000 while those on the lower floors are likely to go for upwards of £155,000 for a one-bedroom studio apartment and around £250,000-£400,000 for two bedrooms.

Hexham Courant:

Director of The Wool House Bob Skelly said: “We wanted to bring some peace of mind to interested parties and as there has been such strong interest in the apartments, we felt it was a good idea to fix costs on some for those who wish to reserve early which they can do with a reservation fee of £1,000.

“This means that for anyone who reserves now, we will guarantee pricing until the Autumn, at which time, we may have to consider a price increase depending on the availability and cost of materials.

“The Wool House is unique within the immediate area – there is no other development like it in Cumbria or Northumberland - and for this reason, there is a great deal of interest. We are keeping in regular contact with everyone on the database with an e-newsletter, so if anyone is interested in finding out more but is not yet on the database, please call YoungsRPS to register your details."

The agent for the scheme is YoungsRPS.

Director Kim Harrison added: “It is extremely difficult right now for developers and indeed anyone involved in construction to know from one week to the next how much materials are going to cost and even if they are going to be available - especially those that are imported.

“It is anticipated that the apartments will be ready for occupation by next summer, so as you can imagine, trying to predict the price of materials and supplies that far ahead is impossible.

“Also, it is important to remember that an apartment scheme like this cannot be released for sale in phases like a housing development. It is ready for occupation all at once because we cannot have occupiers in one part of the building while major building work is ongoing elsewhere.”