Rented normally, it costs you £1,025 a month. That is £12,305 a year, every year you hold it.

Will it pay?Calculator

The mortgage alone costs more than the whole rent — you top up £1,025 a month

It is £1,025 a month short. Borrowing £189,304 less would close that shortfall — which is £189,304 more cash at the start, on top of the deposit.

£3,148 mortgage

£2,925 rent in£1,025 short

◧ market rent £2,925 · 17 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

£276,775 + refurb costs

And about £61,524 more over five years, because it loses £1,025 every month you hold it — before any repair. That already assumes the rent never falls.

£276,775 to buy it

deposit · stamp duty · solicitor · fees~£30,268, unseen

□ works not inspected

What would have to be true?The working

£250,000 off and it stops losing money

At the asking price you feed it £1,025 a month. At £522,520 the rent covers everything — leaving stamp duty of £42,252 at that price.

offer £522,520

asked £775,000

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

What will the rent borrow?Lender test

The rent carries £310,345 of the £581,250 loan

That £270,905 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 £221,250. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£5,268 needed

more than the £2,813 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £2,813PRA-style test

Who has to say yes?Council record

Enfield council approves 66% — 63% on a cautious reading

A council-wide rate across 751 HMO decisions, not a forecast for this address.

66%

0%50%100%

never approvesalways approves

the band is the cautious reading of the same 751 decisions — as low as 63%

■ Article 4 — planning permission requireddecision record held for this authority

How big is it, really?The plan

The rooms are on the plan; the total is not

The plan is on file; the floor area is not.

□ no floor area published

Is it a good location?Open the map

Enfield, EN1 2RY

1 of 2 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.

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

■ from council licensing registerlisting last seen 15 Sep 2026

Which strategy wins?The ways to run it

Every way loses money — Standard rental loses least, at £1,025 a month

Let it to the council: £2,028 a year less, but they keep paying when it is empty.

Standard rental−£1,025 · £307,043 in

Guaranteed council rent−£1,194 · £307,043 in

Rent by the room−£1,380 · £341,043 in

Housing-benefit rent−£1,750 · £307,043 in

Short-stay let−£3,169 · £307,043 in

3 nearby short-lets within 5.5 km · low confidence

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?The five-year sums

−£99,490 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 £307,043 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