Rented normally, you'd make about £1,285 a month, if it can be let.

Will it pay?Calculator

£1,285 of every £4,072 is yours to keep, each month

You keep 32p of every pound of rent. The mortgage takes 37p.

£4,072 rent in£1,285 yours

◧ market rent £4,072 · 1 comp2 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

£128,200 + refurb costs

£35,700 of that never comes back — stamp duty, solicitor and lender fees.

£128,200 to buy it

deposit · stamp duty · solicitor · fees~£1,350, 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 £370,000 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 £145,000 in 2005

Nothing nearby is comparable, but asking is 155% more than the £145,000 paid for it in 2005.

□ 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 36% 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.

£2,515 needed

of £3,915 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £3,915PRA-style test

Is it a good location?Open the map

Luton, LU1 3SS

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

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 · 1 came back clear · 5 we could not check · 1 does not apply to this property

■ from council licensing registerlisting last seen 17 Sep 2026

Which strategy wins?The ways to run it

Nothing here beats a plain let

Let it to the council: £18,876 a year less, but they keep paying when it is empty.

Standard rental+£1,285 · £129,550 in

Rent by the room+£171 · £129,550 in

Guaranteed council rent−£288 · £129,550 in

Housing-benefit rent−£695 · £129,550 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) · Buy, improve & sell (pays out on sale)

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

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

+£75,690 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 23% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £129,550 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