Rented normally, it costs you £148 a month. That is £1,777 a year, every year you hold it.

Will it pay?Calculator

You top up £148 a month — the mortgage takes 60p of every pound of rent

Borrowing £27,334 less would close that shortfall — which is £27,334 more cash at the start, on top of the deposit.

£711 mortgage

£578 running

£1,187 rent in£148 short

◧ market rent £1,187 · 39 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

£59,125 + refurb costs

And about £8,883 more over five years, because it loses £148 every month you hold it — before any repair. That already assumes the rent never falls.

£59,125 to buy it

deposit · stamp duty · solicitor · fees~£3,183, unseen

□ works not inspected

What would have to be true?The working

£35,000 off and it stops losing money

At the asking price you feed it £148 a month. At £138,547 the rent covers everything — leaving stamp duty of £7,198 at that price.

offer £138,547

asked £175,000

◧ worked back from the rent■ stamp duty re-bandedrounded down to £5,000 — the rent it works back from is an estimate

Can we trust the rent?Rent evidence

Nearby lettings back this rent

We hold too few nearby asking rents to cross-check this figure, so nothing here confirms it a second way.

+29 more

our bar: 10 within 500 m

our own middle half£865–£1,629/mo

■ 39 lettings within 1 km□ no nearby asks to cross-checkAdvertised rents, not signed tenancies

What will the rent borrow?Lender test

The rent carries £125,942 of the £131,250 loan

That £5,308 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 rent carries the whole loan. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£1,189 needed

more than the £1,141 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,141PRA-style test

How big is it, really?The plan

One figure, and nothing checking it 53 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

Manchester, M15 6JN

2 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 4Planning permission required to let by the room

■ postcode area, not this address

What could kill thisThe checks

£2,432 a year in charges for the building, owed even when nobody is living there

The contract the property is sold under sets these charges, and they can go up over the years.

2 problems found · 1 came back clear · 4 we could not check · 2 do not apply to this property

■ from the listinglisting last seen 16 Sep 2026

Which strategy wins?The ways to run it

Short-stay let beats Standard rental by £620 a month

Let it to the council: £1,800 a year less, but they keep paying when it is empty.

Short-stay let+£472 · £62,308 in

95 nearby short-lets within 5.5 km · low confidence

Standard rental−£148 · £62,308 in

Guaranteed council rent−£298 · £62,308 in

Housing-benefit rent−£535 · £62,308 in

Each row: money kept a month, then the cash it ties up. Not compared: Rent by the room (only 1 bedroom) · Do it up, then remortgage (pays back at the remortgage) · 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

−£12,570 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 24% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £62,308 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