Rented normally, you'd make about £56 a month.

Will it pay?Calculator

£56 of every £1,023 is yours to keep, each month

You keep 5p of every pound of rent. The mortgage takes 56p.

+£1,023−£569−£385−£13£56

Rent inMortgageRunning costsTaxProfit

Rent £1,023, modelled from 23 nearby lettings

◧ market rent £1,023 · 23 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

£47,100 + refurb costs

£12,100 of that never comes back — stamp duty, solicitor and lender fees.

£47,100 to buy it

~£15,951

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 £140,000 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 £78,000 in 2013

Nothing nearby is comparable, but asking is 79% more than the £78,000 paid for it in 2013.

□ 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 3% 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.

£952 needed

of £984 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £984PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 1,011 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

Gateshead, NE11 9NX

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 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 18 Sep 2026

Which strategy wins?The ways to run it

Short-stay let, but only by £20 a month over Rent by the room

Your controls are set to Standard rental — £264 a month behind Short-stay let.

Short-stay let+£320 · £63,051 in

55 nearby short-lets within 5.5 km · medium confidence

Rent by the room+£300 · £89,051 in

Standard rental+£56 · £63,051 in

Guaranteed council rent−£145 · £63,051 in

Housing-benefit rent−£275 · £63,051 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) · Buy, improve & sell (pays out on sale)

◧ 5 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

−£2,549 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 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 £63,051 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£63,051+£166,019−£4,150−£105,000+£3,634−£2,549

Cash you put inSale valueSelling costsMortgageRent keptYou are down

◧ 2.0%/yr growth assumed