Small freehold terraced house with HMO potential in prime Fallowfield student location..
Freehold mid-terrace in Fallowfield student area
588 sq ft; small rooms and low ceilings
Previously let to students; vacant for 25/26
Requires full renovation and modernisation
Possible conversion to 5-bed HMO (permissions needed)
EPC rating D; cavity walls assumed uninsulated
Small front garden; very low local crime
Nearby converted HMOs achieving circa £40,000pa (inc bills)
A compact mid-terrace with clear HMO potential in a popular Fallowfield student area. The property is vacant for 25/26 and ready for renovation, offering an investor or developer a blank canvas to increase bedroom count (possible 5-bed conversions nearby). With a history of long-term student lets, the location and layout suit short-term/student rental models once upgraded.
The house is small (588 ft²), dated and in need of modernisation: low ceilings, older finishes, limited insulation in cavity walls (assumed) and an EPC rating of D. There is a small front garden and basic gas central heating with double glazing of unknown install date. These are practical issues rather than structural alarms, but budget should allow for cosmetic overhaul, heating/insulation improvements and compliance work for HMO licensing if converting.
For buyers targeting rental income, neighbouring converted properties report gross incomes around £40,000pa (including bills) — a useful market signal though not guaranteed for this house. Freehold tenure, very low local crime and excellent mobile/broadband connectivity support lettings. Planning permission and HMO licensing would be required for additional bedrooms; buyers should confirm permissions and factor conversion costs into their appraisal.
This is a straightforward value-add opportunity: buy, refurbish and reconfigure for higher-yield rental use, or renovate for owner-occupation in a cosmopolitan, student-focused neighbourhood. Be clear-eyed about the renovation scope and expected compliance costs before committing.
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