Rented normally, you'd make about £210 a month.

Will it pay?Calculator

£210 of every £1,899 is yours to keep, each month

You keep 11p of every pound of rent. The mortgage takes 58p.

+£1,899−£1,094−£547−£49£210

Rent inMortgageRunning costsTaxProfit

Rent £1,899, modelled from 5 nearby lettings

◧ market rent £1,899 · 5 comps2 empty weeks a year assumed

What if I change my assumptions?The dials

At the asking price, 25% deposit, 6.25% charged

Try your own numbersLive

You keep£210/mo

All-in cash£114,808

Payback45.7 yrs

Offer−+

Deposit−+

Mortgage rate−+

Rent−+

Worked at 6.25% — 5.50% quoted plus a company premium.

◧ worked out from local rents

What will it cost me to buy?Breakdown

£95,350 + refurb costs

£25,350 of that never comes back — stamp duty, solicitor and lender fees.

£95,350 to buy it

deposit · stamp duty · solicitor · fees~£19,458, unseen

□ works not inspected

What would have to be true?

We cannot price this without a postcode

Which purchase tax applies — stamp duty, LBTT or land transaction tax — is decided by the nation the address sits in, and this listing carries no postcode to resolve it. Rather than assume England and then price to the pound off it, this card does not answer. The agent can give you the postcode.

□ no postcode on the listing

What will the rent borrow?Lender test

The rent carries £201,485 of the £210,000 loan

That £8,515 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.

£1,903 needed

more than the £1,826 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £1,826PRA-style test

How big is it, really?The plan

Measured off the plan, not by a surveyor 1,073 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

Luton

No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.

Article 4Not assessed for this address

■ mapped to a point, not an address

What to know before you offerThe checks

Every tenancy here is periodic, with no Section 21 to end it

Tenancies are now periodic, with no Section 21 — budget a longer void.

1 problem found · 1 came back clear · 5 we could not check · 2 do not apply to this property

■ from the Renters’ Rights Act 2025listing last seen 17 Sep 2026

Which strategy wins?The ways to run it

Rent by the room beats Standard rental by £83 a month

Rent by the room needs £34,000 more cash than the others.

Rent by the room+£293 · £148,808 in

Standard rental+£210 · £114,808 in

Housing-benefit rent−£275 · £114,808 in

Each row: money kept a month, then the cash it ties up. Not compared: Do it up, then remortgage (pays back at the remortgage) · Short-stay let (no local short-let data) · 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, after 5 years?The five-year sums

+£3,840 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 £114,808 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£114,808+£323,107−£8,078−£210,000+£13,618+£3,840

Cash you put inSale valueSelling costsMortgageRent keptYou walk with

◧ 2.0%/yr growth assumed