Rented normally, it costs you £381 a month. That is £4,577 a year, every year you hold it.

Will it pay?Calculator

You top up £381 a month — the mortgage takes 96p of every pound of rent

Borrowing £70,416 less would close that shortfall — which is £70,416 more cash at the start, on top of the deposit.

£934 mortgage

£977 rent in£381 short

◧ market rent £977 · 45 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

£77,250 + refurb costs

And about £22,885 more over five years, because it loses £381 every month you hold it — before any repair. That already assumes the rent never falls.

£77,250 to buy it

deposit · stamp duty · solicitor · fees~£15,111, unseen

□ works not inspected

What would have to be true?The search

No offer makes this pay

Even at £138,000 — well below the £230,000 asked — the rent still does not cover the costs. The gap is the rent against the running costs, not the price, so negotiating does not close it.

◧ worked back from the rent■ stamp duty re-bandedtested down to £138,000

Is the price right?The deeds

Last sold for £159,995 in 2020

Nothing nearby is comparable, but asking is 44% more than the £159,995 paid for it in 2020.

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

What will the rent borrow?Lender test

The rent carries £103,660 of the £172,500 loan

That £68,840 is yours to find on top of the deposit. Tested at 125% instead of 145% — a company or a basic-rate taxpayer usually is — the gap is £52,254. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£1,563 needed

more than the £939 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £939PRA-style test

Is it a good location?Open the map

Carlisle, CA3 0FQ

1 of 4 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

What to know before you offerThe checks

Every tenancy here is periodic, with no Section 21 to end it

Tenancies are now periodic, with no Section 21 — budget a longer void.

1 problem found · 1 came back clear · 6 we could not check · 1 does not apply to this property

■ from the Renters’ Rights Act 2025listing last seen 16 Sep 2026

Which strategy wins?The ways to run it

Every way loses money — Rent by the room loses least, at £364 a month

Rent by the room also ties up the least cash, £92,361.

Rent by the room−£364 · £92,361 in

Standard rental−£381 · £92,361 in

Housing-benefit rent−£739 · £92,361 in

Each row: money kept a month, then the cash it ties up. Not compared: 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)

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

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

−£31,488 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 £92,361 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