Swansea University chiefs hope to sell Hendrefoilan student village to developers
SWANSEA'S Hendrefoilan student village could be transformed into 270 family homes in less than a decade.
The site on Gower Road in Killay is currently home to a student village providing accommodation for up to 1,644 students.
But the land, which has been in the hands of Swansea University since 1964, is now being sold with a view to creating a multi-million pound housing estate.
Pro-vice chancellor Iwan Davies of Swansea University said: "These are very exciting times for the university as our ambitious expansion plans are now coming to fruition.
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"We will be creating purpose-built student accommodation on the new campus and the sale of Hendrefoilan forms an integral part of our sustainable business plan for financing our campus development, both at the new campus and on Singleton Park.
"These developments are also part of our commitment to improving the student experience."
Scott Caldwell, a director of estate agent Savills, said the Hendrefoilan site will not be available until after completion of the first phase of Swansea University's Science and Innovation campus on Fabian Way in 2015.
Mr Caldwell said: "Hendrefoilan represents a great residential development opportunity in a sought-after part of the city and we expect strong interest from the major house builders.
"While the site will not be available until after completion of the student residents at the new campus in 2015, there is a lot of preparatory work to undertake between now and then and the University has decided to appoint a developer to work with in obtaining the best planning permission for the site."
Savills is now in the process of receiving bids from potential developers for the housing scheme.
A planning application will then be submitted once a developer has been chosen.
Mr Caldwell said: "The site could take something in the order of 270 dwellings but it would depend on the individual developer.
"The second phase of the development becomes available in 2019.
"During 2015 we will probably have the release of part of the site which could house around 170 homes.
"The second phase would be another 100 units. So, by the time the second phase is complete it would be around 202."
Savills has had interest in the project from major house builders and national developers.
Mr Caldwell said: "Swansea's housing market is polarised.
"Houses in good locations are performing very well."