Rented normally, you'd make about £158 a month.

What could kill thisThe checks

You would not own it outright — 39 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 15 Sep 2026

Will it pay?Calculator

£158 of every £967 is yours to keep, each month

You keep 16p of every pound of rent. The mortgage takes 25p.

£491 running

£967 rent in£158 yours

◧ market rent £967 · 46 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

£21,900 + refurb costs

£6,900 of that never comes back — stamp duty, solicitor and lender fees.

£21,900 to buy it

~£12,000

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 £60,000 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

Is the price right?The deeds

Last sold for £43,000 in 1999

Nothing nearby is comparable, but asking is 40% more than the £43,000 paid for it in 1999.

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

What will the rent borrow?Lender test

The rent carries the whole loan — it could fall 56% 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.

£408 needed

of £930 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £930PRA-style test

How big is it, really?The plan

One figure, and nothing checking it 570 sq ft

Only the agent’s figure exists for this house. Open for what that means.

□ area unchecked — agent’s own

Is it a good location?Open the map

Birmingham, B31 2LX

1 of 4 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

Which strategy wins?The ways to run it

Guaranteed council rent, but only by £3 a month over Standard rental

Let it to the council and you keep £3 a month more, and they keep paying when it is empty.

Guaranteed council rent+£161 · £33,900 in

Standard rental+£158 · £33,900 in

Housing-benefit rent−£32 · £33,900 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

+£4,374 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 32% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £33,900 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