Former Lloyds bank in Mildenhall High Street could become five homes if given green light by West Suffolk Council

A former bank in a town high street could be turned into five homes if given the green light by a council.

Plans to renovate the vacant Lloyds bank building at 47 High Street, Mildenhall, have been lodged with West Suffolk Council.

Lloyds announced in 2021 it would shut its doors in Mildenhall as well as a number of other branches across England and Wales.

Following the closure, a mobile bank branch did visit the town once every fortnight but this was stopped in May, with the decision condemned by a district councillor who lives in Mildenhall.

A design and access statement for the possible five new homes said a number of alterations would be made to the Grade II listed building, which dates back to the 18th century with 19th and 20th-century modifications.

The applicant, Rutnam Properties Ltd, said the proposed works include removing internal walls, necessary maintenance and repairs, and modifications to the electrical, plumbing, and heating services.

The design and access statement said: “The proposed conversion of Lloyds Bank into five residential dwellings aims to breathe new life into this historic building while respecting and preserving its architectural and historical significance.

“Through careful design and sensitive adaptation, the project will ensure that the building continues to contribute to the character and history of High Street, Mildenhall, while providing high-quality residential accommodation.”

According to a marketing report submitted as part of the application, Lloyds had previously sought a new tenant to fill the building, but decided to sell it after 16 months.

The bank was first listed for rent in March 2022 and was removed from the rental market in July 2023.

The report said that two years of extensive rentals and sales marketing failed to secure any substantial commercial interest.

It added: “Although Mildenhall is a thriving town, it has a limited attraction to the larger national chains and has more appeal for small local businesses.

“These types of businesses are unlikely to want to make the substantial investment that would be required in the building.”