Rented normally, you'd make about £300 a month, if it can be let.

Will it pay?Calculator

£300 of every £1,578 is yours to keep, each month

You keep 19p of every pound of rent. The mortgage takes 46p.

+£1,578−£731−£476−£70£300

Rent inMortgageRunning costsTaxProfit

Rent £1,578, modelled from 9 nearby lettings

◧ market rent £1,578 · 9 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

£60,500 + refurb costs

£15,500 of that never comes back — stamp duty, solicitor and lender fees.

£60,500 to buy it

~£36,068

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 £180,000 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 £114,000 in 2003

Nothing nearby is comparable, but asking is 58% more than the £114,000 paid for it in 2003.

□ 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 19% 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.

£1,223 needed

of £1,517 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,517PRA-style test

How big is it, really?The plan

One figure, and nothing checking it 1,154 sq ft

Only the agent’s figure exists for this house. Open for what that means.

□ area unchecked — agent’s own

Is it a good location?Open the map

Portsmouth, PO2 7PG

1 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 4Not assessed for this address

■ postcode area, not this address

What could kill thisThe checks

The property is being sold at auction, so the price shown is a guide, not what it will cost

Every figure on this page is worked from that price, so paying more than it cuts the return.

2 problems found · 6 we could not check · 1 does not apply to this property

■ from the listinglisting last seen 19 Sep 2026

Which strategy wins?The ways to run it

Rent by the room beats Guaranteed council rent by £52 a month

Your controls are set to Standard rental — £96 a month behind Rent by the room.

Rent by the room+£396 · £96,568 in

Guaranteed council rent+£344 · £96,568 in

Standard rental+£300 · £96,568 in

Housing-benefit rent+£49 · £96,568 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, after 5 years?The five-year sums

+£6,933 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 32% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £96,568 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£96,568+£224,619−£5,615−£135,000+£19,498+£6,933

Cash you put inSale valueSelling costsMortgageRent keptYou walk with

◧ 2.0%/yr growth assumed