Rented normally, it costs you £92 a month. That is £1,108 a year, every year you hold it.

What could kill thisThe checks

You would not own it outright — 45 years left, and buying more years is expensive

Nobody has priced those extra years here, and they cost more every year you leave it.

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

■ from the listinglisting last seen 12 Sep 2026

Will it pay?Calculator

You top up £92 a month — the mortgage takes 57p of every pound of rent

Borrowing £17,040 less would close that shortfall — which is £17,040 more cash at the start, on top of the deposit.

£650 mortgage

£537 running

£1,138 rent in£92 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

£54,100 + refurb costs

And about £5,538 more over five years, because it loses £92 every month you hold it — before any repair. That already assumes the rent never falls.

£54,100 to buy it

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

□ works not inspected

What would have to be true?The working

£20,000 off and it stops losing money

At the asking price you feed it £92 a month. At £137,266 the rent covers everything — leaving stamp duty of £7,109 at that price.

offer £137,266

asked £160,000

◧ 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 the whole loan — it could fall 1% 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.

£1,088 needed

of £1,094 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,094PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 785 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

Bognor Regis, PO21 1HY

2 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 4Not assessed for this address

■ postcode area, not this address

Which strategy wins?The ways to run it

Short-stay let beats Standard rental by £389 a month

Short-stay let also ties up the least cash, £64,864.

Short-stay let+£297 · £64,864 in

3 nearby short-lets within 11.1 km · low confidence

Standard rental−£92 · £64,864 in

Housing-benefit rent−£310 · £64,864 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

−£11,095 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 26% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £64,864 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