Rented normally, you'd make about £236 a month, if it can be let.

Will it pay?Calculator

£236 of every £1,321 is yours to keep, each month

You keep 18p of every pound of rent. The mortgage takes 27p.

£617 running

£1,321 rent in£236 yours

◧ market rent £1,321 · 117 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

£31,035 + refurb costs

£8,785 of that never comes back — stamp duty, solicitor and lender fees.

£31,035 to buy it

~£31,717

deposit · stamp duty · solicitor · feeswe haven’t been inside

□ works not inspected

What would have to be true?

Nothing — it works at the asking price

The rent covers the mortgage, the running costs and the tax at the £89,000 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.

◧ worked back from the rent

What will the rent borrow?Lender test

The rent carries the whole loan — it could fall 52% 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.

£605 needed

of £1,270 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,270PRA-style test

Is it a good location?Open the map

Croydon, CR0 6XJ

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

£2,500 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.

4 problems found · 1 came back clear · 2 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

Nothing here beats a plain let

Let it to the council: £1,164 a year less, but they keep paying when it is empty.

Standard rental+£236 · £62,752 in

Guaranteed council rent+£139 · £62,752 in

Housing-benefit rent−£68 · £62,752 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) · Short-stay let (no local short-let data) · 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

+£3,843 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 38% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £62,752 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