Atha Developments are a property developing company that has been specialising in Student and Family housing since 2011. Atha Developments's main aim is to become the biggest private supplier of luxury student accommodation for Teesside University. In order to achieve our goals we have had to start at the bottom and work our way up to were we are now. It has been an amazing journey from dropping out of university after just two weeks (Sorry mum and dad) to living in a caravan and learning the basic building skills needed to start our property development journey. There have been many ups and downs but with a lot of help and a good team around us we feel we have learnt a lot in the past 9 years. Please read our story and we hope you like it.

  • 2020

    2020 is an exciting year for Atha Developments as we have planned a new student development based in Middlesbrough called Dorman house. The plan is to build a new 50 x studio apartment block complete with cinema rooms and innovative common areas. The building will be built next to Bolckow and Vaughan house to create a new student campus in the heart of Middlesbrough. The new scheme will cost £3,000,000 and take around 40 weeks to complete the project. We are planning to open for August 2021.

  • 2019

    Early in 2019 we bought a 3-story office block in South Shields in desperate need for renovation for £160,000 with the plans to convert the top two floors into a business centre complete with 8 self-contained offices, kitchen and communal areas. We plan to keep the existing 2 commercial units. Construction started in early 2020 and will cost around £70,000, bringing a total project cost of £230,000. The building will bring in a rental figure of around £35,000 to £40,000 bringing in a good investment yield.

  • 2018

    Entering the big leagues. We started our biggest project to date called “St James Studios” in Middlesbrough. This is a 60 x Studio apartment student development in the centre of Middlesbrough only 500 meters from the university, with commercial units on the ground floor. We bought an old office block for £1,300,000 and renovated it into high end luxury student apartments complete with cinema rooms and huge communal spaces. The construction cost was £2,500,000 with around £250,000 on professional fees, Creating a total project cost of around £4,050,000. The project only took 36 weeks from start to finish thanks to a great design team and Walter Thompson construction company. St James Studios brings in a great rental income from both the students and the commercial units. St James Studios has been a huge success for Atha Developments and again has a 100% occupancy level with large waiting lists since its construction.

  • 2016

    We started construction on our first buy to sell project in December 2016. We built two bespoke new build properties in Middleton St George just outside Darlington. We bought the land for £220,000 and the construction cost of the 2 x five bedroom properties was £540,000. The project on the whole was an exciting project full of challenges and learning experiences. Over the course of the project we ran little bit over time and as a result a little bit over our initial budget. Total project cost was around £8500,000. We have sold one of the houses for £450,000 in 2019, and we are currently renting the other property out for £2100 per month with a look to selling it when the property market is in a stronger position.

  • 2014

    Due the to the success of Bolckow House we decided to build Phase 2 within the old car park and grounds of Bolckow house. We built our first build development called Vaughan House. This is an 18 bedroom block split between 3 apartments, all with large en-suite rooms. The total construction cost for that project was around £500,000 and again has been rented out at 100% occupancy ever since construction.

  • 2013

    Due to the success in the student market with our first 2 houses we started our first larger Student project called Bolckow House. We bought a property for £350,000 and renovated it into 15 Large double en-suite bedrooms split between 3 apartments. Construction cost was around £280,000 so total investment was £630,000. The property has been rented out at 100% occupancy every year bringing in a healthy income and creating a lovely student living environment.

  • 2012

    2012 was when Atha Developments decided to target the student market in Middlesbrough. We bought and renovated our first 2 student houses near to the university. They have been a great success and rented out between 90-100% occupancy ever since up to this day.

  • 2011

    In 2011 our property developing began “Homes under the Hammer style”. We borrowed some family money and bought our first town house from a family friend in Middlesbrough for £70,000 and the steep learning curve began. We renovated the house in 6 months and spent around £25,000 doing so. The house rented out very easily creating a good investment yield. First house…. Tick. Towards the end of 2011 we bought two more town houses in the same area, we renovated these houses and they have been successfully rented out ever since.

  • 2010

    2010 started with Jack at Tom moving back home from dropping out of university. With not many options we got a job as labourers with some family friends learning the basics of the building trade by renovating some farm buildings into holiday cottages. During this year of labouring we learnt lots of basic skills that we felt we could use to start our own property developing business.

Atha Developments, 139 Albert Rd, Middlesbrough, TS1 2PP

Email Us: enquiries@atha-developments.co.uk
Call Us: 01642 247999

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