Rented normally, it costs you £489 a month. That is £5,869 a year, every year you hold it.

Will it pay?Calculator

You top up £489 a month — the mortgage takes 84p of every pound of rent

Borrowing £90,296 less would close that shortfall — which is £90,296 more cash at the start, on top of the deposit.

£1,219 mortgage

£663 running

£1,448 rent in£489 short

◧ market rent £1,448 · 110 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

£103,025 + refurb costs

And about £29,346 more over five years, because it loses £489 every month you hold it — before any repair. That already assumes the rent never falls.

£103,025 to buy it

deposit · stamp duty · solicitor · fees~£10,764, unseen

□ works not inspected

What would have to be true?The search

No offer makes this pay

Even at £180,000 — well below the £300,000 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 £180,000

Can we trust the rent?Rent evidence

Nearby lettings back this rent

They are advertised rents rather than signed tenancies, so a slow month is still possible.

+100 more

our bar: 10 within 500 m

what 20 nearby lettings ask£1,050–£2,350/mo

our own middle half£1,319–£1,590/mo

■ 110 lettings within 500 mAdvertised rents, not signed tenancies

What will the rent borrow?Lender test

The rent carries £153,634 of the £225,000 loan

That £71,366 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 £46,785. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£2,039 needed

more than the £1,392 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,392PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 736 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

York, YO1

No schools in this postcode area 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 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 · 3 came back clear · 3 we could not check · 2 do not apply to this property

■ from the Renters’ Rights Act 2025listing last seen 15 Sep 2026

Which strategy wins?The ways to run it

Short-stay let beats Standard rental by £688 a month

Short-stay let also ties up the least cash, £113,789.

Short-stay let+£199 · £113,789 in

4 nearby short-lets within 5.5 km · low confidence

Standard rental−£489 · £113,789 in

Housing-benefit rent−£1,089 · £113,789 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) · 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

−£40,103 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 25% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £113,789 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