Rented normally, you'd make about £35 a month.

Will it pay?Calculator

£35 of every £798 is yours to keep, each month

You keep 4p of every pound of rent. The mortgage takes 33p.

+£798−£264−£490−£8£35

Rent inMortgageRunning costsTaxProfit

Rent £798, modelled from 32 nearby lettings

□ 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

Try your own numbersLive

You keep£35/mo

All-in cash£30,878

Payback73.0 yrs

Offer−+

Deposit−+

Mortgage rate−+

Rent−+

Worked at 6.50% — 5.75% quoted plus a company premium.

◧ worked out from local rents

What will it cost me to buy?Breakdown

£23,475 + refurb costs

£7,225 of that never comes back — stamp duty, solicitor and lender fees.

£23,475 to buy it

~£7,403

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 £65,000 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 £66,000 in 2023

Nothing nearby is comparable, and it is asking about what it fetched in 2023.

□ 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 42% 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.

£442 needed

of £767 rent

stressed at 7.5%, 145% cover

◧ rent after empty weeks £767PRA-style test

How big is it, really?The plan

The plan and the advert, side by side 394 sq ft

Two figures for this house, and neither is a survey. Open for both.

AdvertFloorplan

384 sq ft396 sq ft408 sq ft

384 sq ft408 sq ft

neither is a survey — a tape measure settles it

□ area off the floorplan — not a survey

Is it a good location?Open the map

Newcastle, NE4 7DX

1 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

£1,284 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.

3 problems found · 2 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: £2,064 a year less, but they keep paying when it is empty.

Standard rental+£35 · £30,878 in

Guaranteed council rent−£137 · £30,878 in

Short-stay let−£169 · £30,878 in

33 nearby short-lets within 5.5 km · low confidence

Housing-benefit rent−£238 · £30,878 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) · Buy, improve & sell (pays out on sale)

◧ 4 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

−£2,186 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 28% in the price would leave nothing from a sale after selling costs, and you would still owe the lender any shortfall. That is the £30,878 you put in. The 5-year fix runs past this 5-year hold, so the rate reset comes after it.

−£30,878+£77,078−£1,927−£48,750+£2,291−£2,186

Cash you put inSale valueSelling costsMortgageRent keptYou are down

◧ 2.0%/yr growth assumed