18 bed terraced house

This prime student accommodation development opportunity in Middlesbrough has received full planning permission for the creation of 18 studios, located just a five-minute walk from the University of Teesside and the central shopping district. The apartments will range in size, but will be competitively priced to exceed the majority of student accommodation in the area. With an expected gross income of £138,000-£160,000 per annum at 100% occupancy, the property is expected to achieve a gross development value of £1.38M-£1.6M. The location is ideal, with proximity to the university and town center, making it an attractive investment opportunity for student accommodation.