I have now found somewhere else to live with more space. And by a stroke of luck my potential house mate is a drummer equipped with acoustic and electronic kits! He was the drummer for one of my favourite bands back when I was a teenager as well which is ironic. So basically the house will be just as much mine as it is his and there is plenty of room for a home studio set up in the living room.
I'm quite chuffed with this turn of events to be honest