Rented normally, it costs you £357 a month. That is £4,284 a year, every year you hold it.

Will it pay?Calculator

You top up £357 a month — the mortgage takes 74p of every pound of rent

Borrowing £65,909 less would close that shortfall — which is £65,909 more cash at the start, on top of the deposit.

£1,219 mortgage

£731 running

£1,656 rent in£357 short

◧ market rent £1,656 · 11 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

£103,025 + refurb costs

And about £21,421 more over five years, because it loses £357 every month you hold it — before any repair. That already assumes the rent never falls.

£103,025 to buy it

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

□ works not inspected

What would have to be true?The working

£85,000 off and it stops losing money

At the asking price you feed it £357 a month. At £212,109 the rent covers everything — leaving stamp duty of £12,348 at that price.

offer £212,109

asked £300,000

◧ 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 £195,000 in 2017

Nothing nearby is comparable, but asking is 54% more than the £195,000 paid for it in 2017.

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

What will the rent borrow?Lender test

The rent carries £175,703 of the £225,000 loan

That £49,297 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 £21,185. Lenders test the rent at 7.5% and need it to cover 145% of the payment.

£2,039 needed

more than the £1,592 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,592PRA-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

Southend-on-Sea, SS9 4LW

2 of 3 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

£3,316 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 · 2 came back clear · 3 we could not check · 2 do not apply to this property

■ from the listinglisting last seen 15 Sep 2026

Which strategy wins?The ways to run it

Every way loses money — Standard rental loses least, at £357 a month

Let it to the council: £6,096 a year less, but they keep paying when it is empty.

Standard rental−£357 · £113,789 in

Guaranteed council rent−£865 · £113,789 in

Housing-benefit rent−£1,050 · £113,789 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) · 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

−£31,518 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 £113,789 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