Rented normally, you'd make about £296 a month.

What could kill thisThe checks

You would not own it outright — 50 years left, and buying more years is expensive

Nobody has priced those extra years here, and they cost more every year you leave it.

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

■ from the listinglisting last seen 18 Sep 2026

Will it pay?Calculator

£296 of every £1,680 is yours to keep, each month

You keep 18p of every pound of rent. The mortgage takes 36p.

£609 mortgage

£640 running

£1,680 rent in£296 yours

£175 of that is a guess — no service charge published.

□ service charge not published2 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

£50,750 + refurb costs

£13,250 of that never comes back — stamp duty, solicitor and lender fees.

£50,750 to buy it

~£16,744

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 £150,000 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?Comparables

We can't tell — nothing nearby is alike enough

The dearest sold for 2.5× the cheapest, so the rent has to justify this price on its own.

you'd pay £150,000

£120,000

£144,000

£147,500

£190,000

£194,000

£200,000

£200,000

£210,000

£230,000

£260,000

£287,000

£302,500

£120k£211.3k£302.5k

£120,000 cheapest£302,500 dearest

12 completed sales, same property type, last 3 years

□ 12 sold nearby, not matched on sizeHM Land Registry Price Paid Data

What will the rent borrow?Lender test

The rent carries the whole loan — it could fall 37% 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.

£1,020 needed

of £1,615 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,615PRA-style test

How big is it, really?The plan

The rooms are on the plan; the total is not

The plan is on file; the floor area is not.

□ no floor area published

Is it a good location?Open the map

London, N9 7LB

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

Article 4Planning permission required to let by the room

■ postcode area, not this address

Which strategy wins?The ways to run it

Guaranteed council rent beats Standard rental by £30 a month

Let it to the council and you keep £30 a month more, and they keep paying when it is empty.

Guaranteed council rent+£326 · £67,494 in

Standard rental+£296 · £67,494 in

Housing-benefit rent+£42 · £67,494 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) · Buy, improve & sell (pays out on sale)

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

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

+£12,439 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 28% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £67,494 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