Rented normally, you'd make about £21 a month.

Will it pay?Calculator

£21 of every £484 is yours to keep, each month

You keep 4p of every pound of rent. The mortgage takes 38p.

+£484−£183−£275−£5£21

Rent inMortgageRunning costsTaxProfit

Rent £484, modelled from 46 nearby lettings

◧ market rent £484 · 46 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

£16,875 + refurb costs

£5,625 of that never comes back — stamp duty, solicitor and lender fees.

£16,875 to buy it

~£18,000

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 £44,999 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 34% 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.

£306 needed

of £465 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £465PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 616 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

Hartlepool, TS27 4EH

2 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 4Planning permission required to let by the room

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

■ from council licensing registerlisting last seen 19 Sep 2026

Which strategy wins?The ways to run it

Guaranteed council rent beats Standard rental by £51 a month

Let it to the council and you keep £51 a month more, and they keep paying when it is empty.

Guaranteed council rent+£72 · £34,875 in

Standard rental+£21 · £34,875 in

Housing-benefit rent−£16 · £34,875 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, after 5 years?The five-year sums

−£6,236 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 39% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £34,875 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£34,875+£62,600−£1,565−£33,749+£1,353−£6,236

Cash you put inSale valueSelling costsMortgageRent keptYou are down

◧ 2.0%/yr growth assumed