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Wallace Avenue

The ‘Music House’ is a characterful and spacious HMO which offers our residents a comfortable home in a quiet but conveniently located cul-de-sac

About The Project

We saw the potential in this larger than average mid-terrace located towards the city centre.

Although tired looking, we knew the property had the potential to be a fantastic HMO upon first viewing in the summer of 2020. A large floor plan, great outdoor space, period features and a huge attic were some of the features we liked.

The Conversion

The property was taken back to brick internally and the conversion included the following major works: 
  • Kitchen extension
  • Loft conversion to create en-suite studio
  • Full re-wire
  • New central heating system
  • Insulation of external walls
  • Secondary en-suite bedroom
  • Two fully tiled shower rooms
  • Anthracite composite decking and external lighting to rear yard
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Our Results

After a hectic 22 week schedule during Covid, we were able to deliver a fantastic space for our first group of sharers. The huge en-suite studio bedroom in the loft, original restored floor boards to the ground floor and large decked yard are particularly strong features of this property.

Investment Breakdown

£216,500

Purchase Price

£3,400

Gross Monthly Rent

£450,000

GDV (at refinance)

Known and trusted

“The process for securing the tenancy was smooth and from the day we moved in we were given all the information we needed to get settled.”

Will

“If we've ever had any issues, Fairholm has been extremely helpful to sort these quickly. I couldn't think of a better property company to rent with.”

Anna

“All Fairholm properties are extremely modern, well designed and have everything you need.”

Claire

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