THE oldest building in Pontypool town centre is set to receive a makeover of almost £1.2million.

Built in 1730, the Market House on Commercial Street is set to become six one-bed flats with a retail outlet on the ground floor.

The Grade-II listed building, which was once the site of the corn exchange, has previously been used as a stationary shop and a second hand store.

The refurbishment forms part of the Vibrant and Viable Places (VVP) project, a regenerative programme led by the Welsh Government to tackle derelict spaces in town centres across Wales.

Under the banner of the Pontypool Investment Fund, Bron Afon and Torfaen County Borough Council will work alongside the Welsh Government to deliver the renovation.

The expected cost of the 18th Century building restoration is £1.191million, with £615,090 coming directly from the Welsh Government’s VVP fund.

The Cwmbran based community housing will be responsible for the re-build and members of their That Works Academy will be working alongside contractors from R&M Contractors on the work.

Alan Brunt, the chief executive of Bron Afon, said: “By breathing new life into historic properties like Market House, we are helping to bring more affordable housing to Torfaen, which is a top priority for Bron Afon.

“I’m proud to say that once again, our That Works Training Academy will provide opportunities for young people to train and gain skills on-site that will stand them in good stead for finding employment.”

Cath Thomas, the head of economy, enterprise and environment from Torfaen County Borough Council, said: “It has been fantastic to see a number of historic buildings in the town revitalised and given a new lease of life through the Pontypool Investment Fund.

“This latest project creates much needed homes that in turn will bring greater footfall into the town centre.”

The proposal is the latest conversion to be developed in Pontypool by Bron Afon through the Pontypool Investment Fund, having previously worked on the Greyhound Pub and offices at 37 Clarence House.

The social landlord will be working on Henry Hughes House – the old offices of the Pontypool Free Press – as well.

Robert Panou, Bron Afon’s development manager, said: “We are conscious of the need to preserve the heritage of Market House, so there will be a sympathetic new rear extension and a sensitive restoration of the front part of the building.”

The development of Market House is expected to be completed in 12 months.