Rented normally, you'd make about £284 a month.

Will it pay?Calculator

£284 of every £2,698 is yours to keep, each month

You keep 11p of every pound of rent. The mortgage takes 53p.

+£2,698−£1,422−£925−£67£284

Rent inMortgageRunning costsTaxProfit

Rent £2,698, modelled from 28 nearby lettings

◧ market rent £2,698 · 28 comps2 empty weeks a year assumed

What if I change my assumptions?The dials

At the asking price, 25% deposit, 6.50% charged

Change any of these 16 and every card on this page changes with it. The 6.50% is the 5.75% quoted plus a company premium.

◧ worked out from local rents

What will it cost me to buy?Breakdown

£121,275 + refurb costs

£33,775 of that never comes back — stamp duty, solicitor and lender fees.

£121,275 to buy it

deposit · stamp duty · solicitor · fees~£19,198, unseen

□ works not inspected

What would have to be true?

Nothing — it works at the asking price

The rent covers the mortgage, the running costs and the tax at the £350,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.

◧ worked back from the rent

Is the price right?The deeds

Last sold for £315,000 in 2013

Nothing nearby is comparable, but asking is 11% more than the £315,000 paid for it in 2013.

□ this address’s own deeds, no comparable saleHM Land Registry Price Paid Data

What will the rent borrow?Lender test

The rent carries the whole loan — it could fall 8% and still cover it

Your deposit is what limits this one, not the rent. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£2,379 needed

of £2,594 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £2,594PRA-style test

How big is it, really?The plan

The plan and the advert, side by side 827 sq ft

Two figures for this house, and neither is a survey. Open for both.

AdvertFloorplan

817 sq ft827 sq ft837 sq ft

817 sq ft837 sq ft

neither is a survey — a tape measure settles it

□ area off the floorplan — not a survey

Is it a good location?Open the map

No school rated Good or better in this postcode area

1 school in this postcode area, none rated Good or better and flood risk checking… — open for the map, the schools and the rest.

Article 4Not assessed for this address

■ postcode area, not this address

What could kill thisThe checks

You would need a licence from the council first

Letting without the council’s licence is an offence, and the fee is in no figure here.

2 problems found · 2 came back clear · 5 we could not check

■ from council licensing registerlisting last seen 19 Sep 2026

Which strategy wins?The ways to run it

Nothing here beats a plain let

Let it to the council: £1,344 a year less, but they keep paying when it is empty.

Standard rental+£284 · £140,473 in

Guaranteed council rent+£172 · £140,473 in

Rent by the room−£133 · £166,473 in

Housing-benefit rent−£299 · £140,473 in

Short-stay let−£1,518 · £140,473 in

73 nearby short-lets within 5.5 km · medium confidence

Each row: money kept a month, then the cash it ties up. Not compared: Do it up, then remortgage (pays back at the remortgage) · Buy, improve & sell (pays out on sale)

◧ 5 ways, one measureranked on money kept each month, at the asking price

What would you walk away with, after 5 years?The five-year sums

+£5,702 after five years on the cash you put in, before tax on the sale

Less than the same cash would have made in a savings account, after tax on the interest. The savings account’s capital is not at risk; the property’s is. A fall of about 26% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £140,473 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£140,473+£400,206−£10,005−£262,500+£18,474+£5,702

Cash you put inSale valueSelling costsMortgageRent keptYou walk with

◧ 2.0%/yr growth assumed