Built on the existing site of the St Mary and St Pancras Church of England Primary School, the project has been funded through the sale of land to be occupied by the student residences.
A single building around the edge of the site will accommodate both the school and residential units, which will mean a 'significant amount of ground-floor area will be retained' for outdoor playgrounds'.
A variety of external spaces - including an all-weather sports pitch, informal meeting areas, external classrooms and a habitat resource garden - are all included in the proposals.
A spokeswoman for the London-based practice said: 'The scheme also aims to provide a stimulating and inspirational internal environment, capitalising on key views out and voids between floors, promoting visual transparency and spatial connections in order to facilitate a sense of community between different year groups within the school.'
Work is expected to start on site later this summer.