Rented normally, you'd make about £545 a month, if it can be let.

What could kill thisThe checks

You would not own it outright — the lease runs out in 27 years

Nobody has priced those extra years here — you buy them from whoever owns the land under it.

2 problems found · 1 came back clear · 4 we could not check · 2 do not apply to this property

■ from the listinglisting last seen 18 Sep 2026

Will it pay?Calculator

£545 of every £1,497 is yours to keep, each month

You keep 36p of every pound of rent. The mortgage takes 21p.

£545 yours

£1,497 rent in£545 yours

◧ market rent £1,497 · 5 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

£26,955 + refurb costs

£7,705 of that never comes back — stamp duty, solicitor and lender fees.

£26,955 to buy it

~£10,764

deposit · stamp duty · solicitor · feeswe haven’t been inside

□ 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 £77,000 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

What will the rent borrow?Lender test

The rent carries the whole loan — it could fall 64% 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.

£523 needed

of £1,439 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,439PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 780 sq ft

The area comes off the plan, not a survey. Open for what that means.

□ area off the floorplan — not a survey

Is it a good location?Open the map

Chichester, PO20

3 of 5 schools in this postcode area rated Good or Outstanding and flood risk checking… — open for the map, the schools and the rest.

Article 4Not assessed for this address

■ postcode area, not this address

Which strategy wins?The ways to run it

Nothing here beats a plain let

Standard rental also ties up the least cash, £37,719.

Standard rental+£545 · £37,719 in

Housing-benefit rent+£71 · £37,719 in

Each row: money kept a month, then the cash it ties up. Not compared: Rent by the room (only 2 bedrooms) · Do it up, then remortgage (pays back at the remortgage) · Short-stay let (no local short-let data) · Guaranteed council rent (no scheme in this borough) · Buy, improve & sell (pays out on sale)

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

What would you walk away with?The five-year sums

+£30,386 after five years on the cash you put in, before tax on the sale

More 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 29% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £37,719 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

◧ 2.0%/yr growth assumed