Yours for just �2.5million.A car park in Ipswich is today on the market and up for grabs - but you'll need deep pockets if you want to make it yours.

IPSWICH: Yours for just �2.5million.

A car park in Ipswich is today on the market and up for grabs - but you'll need deep pockets if you want to make it yours.

Ipswich Borough Council has approved a planning application for the development of the car park - after Star Lane Developments put forward a request highlighting the prospects of university accommodation.

The site is on the junction of Star Lane and Lower Orwell Street.

The new flats would comprise two four to six-storey buildings, featuring student accommodations and part commercial space. The plans include a pedestrian link through the site.

It is thought the plot could house around 118 student residential units.

The main selling point for developers is that the site is equidistant between the town centre and Ipswich's education quarter.

The site is currently occupied by a car repair garage and 18 parking spaces reserved for users of the adjacent buildings.

The application was approved by Ipswich Borough Council on the basis that the development meets various conditions, which include proper vehicle access and appearance.

Planners agreed that because the site is based so near to Suffolk New College and University Campus Suffolk, it is an ideal location for student housing.

Estimates suggest housing for 2,750 students will be needed by 2015 as the town's university expands.

In 2008, permission was granted for 76 rooms to be built on the vacant Kwik-Fit garage in St Margaret's Green and an eight-storey block of flats off Duke Street for around 180 students.

Are you a student in Ipswich? What do you think about the standard of student accommodation in the town? Write to Your Letters, Evening Star, Ipswich, IP4 1AN or e-mail eveningstarletters@eveningstar.co.uk