Rented normally, it costs you £120 a month. That is £1,440 a year, every year you hold it.

Will it pay?Calculator

You top up £120 a month — the mortgage takes 58p of every pound of rent

Borrowing £22,155 less would close that shortfall — which is £22,155 more cash at the start, on top of the deposit.

£528 mortgage

£475 running

£918 rent in£120 short

£25 of that is a guess — no service charge published.

□ service charge not published2 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

£44,050 + refurb costs

And about £7,200 more over five years, because it loses £120 every month you hold it — before any repair. That already assumes the rent never falls.

£44,050 to buy it

deposit · stamp duty · solicitor · fees~£1,350, unseen

□ works not inspected

What would have to be true?The working

£25,000 off and it stops losing money

At the asking price you feed it £120 a month. At £100,458 the rent covers everything — leaving stamp duty of £5,023 at that price.

offer £100,458

asked £130,000

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

Is the price right?The deeds

Last sold for £69,950 in 2009

Nothing nearby is comparable, but asking is 86% more than the £69,950 paid for it in 2009.

□ this address’s own deeds, no comparable saleHM Land Registry Price Paid Data

What will the rent borrow?Lender test

The rent carries £97,401 of the £97,500 loan

That £99 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.

£884 needed

more than the £883 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £883PRA-style test

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

Redditch, B98 7BJ

1 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 4Not assessed for this address

■ postcode area, not this address

What could kill thisThe checks

£1,377 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 · 3 came back clear · 2 we could not check · 2 do not apply to this property

■ from the listinglisting last seen 10 Sep 2026

Which strategy wins?The ways to run it

Short-stay let beats Standard rental by £561 a month

Short-stay let also ties up the least cash, £45,400.

Short-stay let+£441 · £45,400 in

6 nearby short-lets within 20 km · medium confidence

Standard rental−£120 · £45,400 in

Housing-benefit rent−£383 · £45,400 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

−£9,813 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 £45,400 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