End terrace house for sale Grange Road, Middlesbrough TS1

Planning permission is fully passed on this large scale development opportunity which is located in A prime position close to both linthorpe road and borough road, with the universty of teesside A matter of five minutes walk away as is the central shopping district. The scheme at hand is for the creation of 38 student studios spread across A total of four floors (including basement level) with additional communal areas including A laundry room, bike store, games room and 'quiet study' rooms. The size of the apartments range from 18.2(m2) to 29.7(m2) therefore competing competively or esceeding the vast majority of student accommodation in middlesbrough in regards to size. Expected gross income on completion of the scheme and resulting 100% occpupancy is circa £350,000 per annum (comparables available to substantiate) this level of rental income. Quotes are in place for the redevelopment with A reputable local firm. An expected G.D.V. Based on the income of in excess of £3.25M.Potential Funding SupportMiddlesbrough Council Support & Funding Overview:1. Brownfield Housing Fund (bhf):Part of the Tees Valley Combined Authority’s funding programme, the bhf supports redevelopment of underused or vacant brownfield land. Developers may be eligible for grants to unlock viability and assist with site clearance, remediation, and infrastructure.2. Town Centre Living Strategy:Middlesbrough Council has made residential development in the town centre a top priority. The aim is to attract 4,000+ new residents to the town centre by 2035. Projects that align with this vision may benefit from fast-tracked planning support, reduced Section 106 contributions in some cases, potential council-led joint venture opportunities, and access to design advice and site support through the council’s regeneration team.3. Affordable Housing Grant & Developer Incentives:For schemes including affordable units or shared ownership housing, financial support may be available through Homes England or local partnerships. The council also supports developers navigating these funding routes.4. Middlesbrough Investment Prospectus:This site falls within a core strategic area identified in the council’s Investment Prospectus, which outlines the town’s £600m regeneration pipeline. Being within one of these priority zones means your scheme may be eligible for direct regeneration investment, business rates relief on commercial elements, support for marketing and promotion, and help with tenant sourcing for retail/leisure space.5. Active Regeneration Advisory Support:The council’s inward investment and regeneration teams are available to provide developers with early-stage design input, funding application support, feasibility assessments, and stakeholder introductions.Teesside UniversityTeesside University has its main campus in the city of Middlesbrough, a town in the county of North Yorkshire in the North East of England. It is believed that approximately 25,000 students (date from October 2024) are enrolled at Teesside University with the following break-down of demographic;- 16,725 of these students come from the UK- 105 come from EU countries- And 8,220 are students from non-eu countries.The variety of nationals who attend Teesside University has lead to a consistently high demand for student accommodation and due to some of the grants that many of the foreign student receive there is an increased demand for 'higher end' student accommodation which is totally self contained and deemed to be more secure than the traditional shared 'terraced house' accommodation which is more commonly available.The University itself has announced there has been £280m invested to date, with their campus masterplan setting out a dynamic and ambitious programme of investment to 2027, transforming the campus and providing vibrant and modern facilities to enhance the experience of students, staff and partners. The University has been voted 1st in the UK for 'Overall Average' student satisfaction, and also top University in North East England for student experience (2023). It would appear that the University has a positive ambitious outlook for the future and are taking steps to ever develop and expand which will only enhance the attraction for students to enrol therefore increasing the demand for student accommodation furthermore.