Dorman House Development
Dorman House, a New Build residential development project by Atha Developments, boasts 55 luxury studio apartments catering to both students and young professionals. The development features an array of stunning communal spaces, including a private cinema, expansive residential lounge, and beautiful gardens. Impressively, the project was completed for a total cost of £3,900,000 and adhered to its scheduled timeline.
Dorman House serves as a testament to Atha Developments’ expertise and unwavering commitment, successfully overcoming industry challenges such as escalating material costs and labour shortages. It stands as a standout building on Linthorpe Road in Middlesbrough, bringing strong local economic impact to that area.
Development Statistics
| Over two consecutive years, Dorman House maintained a perfect 100% occupancy rate |
| The development generated an annual rental income of £470,000 |
| The property's recent valuation reached £5,500,000 |
| Resulting in a significant capital gains profit of £1,600,000 |
| The project achieved a remarkable return on capital employed (ROCE) exceeding 12% |
Other Developments
St James Studios
Location
Middlesbrough
Project Launch
2018
Project Type
Commercial redevelopment creating 60 student apartments
Dorman House
Location
Middlesbrough
Project Launch
2022
Project Type
New build PBSA creating 55 studio apartments