Monthly profit +£309/mo from completion — the no.1 reason to invest
13.48% return before costs — above-market
7.0% 5y IRR — strong total return on capital
Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
Why to be cautious
Service charge unknown — could swing £100-300/mo
Floor area 430 sqft — small for the type
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
+£309/mo
Pays you every month, net of costs
Price
£150K
Around comparable sold prices
Return · IRR
7.0%/yr
Modest annualised return
Cash to get in
£58K
Deposit + fees + refurb
Return before costson price13.48%5-yr return on cash 43%Rent est. £1,685 (£1,397–£2,032)
How we define each return:On price — gross yield = annual rent ÷ purchase price.On cost — net yield ÷ total project cost (price + refurb + fees).On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
Listing seen …
What-if calculator
Edit any input — outputs recalc liveRates as of 20 May 2026
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,397–£2,032/mo · n=112
Financing
DepositYour cash in — the rest is the mortgage25% · £37,500
5%100% (cash buy)
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
3.0%9.0%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
5.0%9.0%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£5,558–£10,375 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £112,500 loan + £1,000 booking fee
We don't ingest the NHLE bulk register, so we can't flag listed-building or conservation-area status for this address from our data alone. Use the official registry to verify before exchanging.
Flooring · Carpet on bedrooms + LVT/laminate downstairs£4,730–£9,030
Guide rates · UK May 2026
Tier-based bands — get a builder quote before exchanging.
Rent by the room licensingN/A
Price & sale history89d on market1 price change
Sale price historythis address, HM Land RegistryPrice-Paid Data
Asking vs last sale
£130,000 in 2013 → £150,000 asking
+15.4%in 13y
2013£130,000+85.8% in 12y
2001£69,950—
HM Land Registry · Price-Paid Data (Open Government Licence). Growth percentages are nominal — not adjusted for inflation or local market movement.
Strategy matrix
Compare 7 strategies side-by-side · best shown with ⭐
⭐Refurb & refinance wins — +£320/mo · £11/mo ahead of Rent it out
Strategy
Return before costson price
Monthly profit
Cash needed
5y Return on your cashon cash
Risk
Feasibility
Rent it out
13.48%
+£309
£58,161
42.8%
Low
Feasible
Housing-benefit rent
3.19%
-£684
£58,161
-67.7%
Med
Feasible
Council lease
3.19%
-£587
£58,161
-60.5%
Low
Feasible
⭐ Refurb & refinance
13.48%
+£320
£68,625
37.2%
Med
Feasible
Short-stay let / Airbnb
—
—
—
—
—
Disabledno local short-let data
Buy, improve & sell
0.00%
-£354
£170,375
4%
Med
Feasible
Rent by the room
—
—
—
—
—
Disabledneeds 3+ beds
Housing-benefit (LHA) scheme detailBRMA Durham · cap £399/mo
Housing-benefit rent scheme detail
Per-BRMA Local Housing Allowance + per-LA council leasing scheme.
Rental Market Area (BRMA):
Durham
LHA monthly cap:
£399
Scheme type:
leasing
Premium:
+0% premium over LHA cap
Typical lease:
0 years lease
Management:
management covered by council
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.
Pro analysis — outcome range, stress tests & portfolio impactLocal lettings demanddays-to-let · supply now · trend
Rent by the room conversion upside
As-is Rent it out vs converted Rent by the room
-£123/mo cash flow vs Rent it out if converted to Rent by the room
19.20% Return before costs on price converted vs 13.48% as-is
As-is Rent it out
Monthly profit+£469
Return before costson price13.48%
Cash needed£49,398
If converted to Rent by the room
Monthly profit+£346
Return before costson price19.20%
Cash needed£65,398
Δ vs Rent it outMonthly profit-£123
Show conversion detail
Cannot Rent by the room:Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Conversion cost estimate
£44,000
Range: £38,000 – £52,000
Fire safety, plumbing, partitioning, licensing.
Rates as of Apr 2026
Planning approval likelihood
Uncertain · 43% likely
low confidence
Article 4 direction applies — planning permission required for C3->C4 HMO
concentration ~2.0% within 100m (2 known HMOs) — below the 10% threshold
sparse local HMO decisions (3) — limited history
2 known HMOs within 100 m · ≈2.0% within 100 m vs 10% policy
£30,580–£56,315full refurb + room split
What's in this cost
Kitchen£8,820–£17,640
1 × bathroom£5,850–£10,725
Rewire£1,720–£3,010
Replumb£1,290–£2,580
Windows£4,300–£7,740
Paint + decor£3,440–£5,590
Flooring£5,160–£9,030
Comparables
sold within 0.5 mi
Wide · CV 44.4%Med confidence
Loading nearby sold…
Location & area intelligence
Transport 100 / 100
Loading map…
Transport score100 / 100
On the map
Registered HMOs
Approved HMO conversions
Pending HMO applications
Citywide Article 4 (County Durham)
2 known HMOs within 100 m · ≈2.0% within 100 m vs 10% policy
Schools & catchment2 schools nearby
Nearby schoolsOfsted-rated, nearest first2 of 5
Durham Gilesgate Primary School
Primary · Community school · DH1 1PH
Good
Durham Sixth Form Centre
16 plus · Academy 16-19 converter · DH1 1SG
Not rated
Ofsted · postcode-area match. Catchment areas vary year to year — verify with the local council before relying for school admissions.
Tax treatment
£3,563/yr kept
Annual gross rent£20,220
Section 24 credit£0
Annual tax due£1,018
Post-tax Monthly profitannual£3,563
Exit costs
£24,878 after CGT
Projected sale price (5y · 2%/yr growth)£165,612
Capital gain (pre-CGT)£15,612
Sale costs (~2.5%)£4,140
CGT due (Ltd Co 25%)£0
No personal CGT — the gain is taxed at the company level (corporation tax) when the SPV disposes of the property.
Net 5y Monthly profitafter CGT£24,878
Rates as of Oct 2024
Acquisition costs
£58,161cash needed
Purchase price£150,000
Deposit (25%)£37,500
Stamp duty+5% additional-property surcharge£8,000
Refurb£7,411
Legal + survey£2,000
Mortgage fees£3,250
Total cash neededdeposit + costs (loan covers the rest)£58,161
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · rightmove
Description& agent copyRightmove
Claypath Court is an extremely well maintained block of City Centre Apartments designed for the over 55's with safety, friendship convenience and privacy in mind. 5 minutes walking distance of the market place. Having lift and stair access to all floors and telecom entrance system. At the rear of the property there is a communal garden and gated parking. This prestigious development was a former post office building and is now Grade II listed.
Stress Rent-covers-mortgage check PASS at 6.5% rate stress
13.48% Return before costs — above-market
Chain free
Price
£150K
at sold-comp median
Return before costs
13.48%
est rent £1,685/mo112 comps within 1 kmRange £1,397–£2,032/mo (Q1–Q3)
Bedrooms
2
1 bath
Energy rating
B
Energy rating
Run the numbers
Each tab prefills
What-if calculator
Edit any input — outputs recalc liveRates as of 20 May 2026
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,397–£2,032/mo · n=112
Financing
DepositYour cash in — the rest is the mortgage25% · £37,500
5%100% (cash buy)
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
3.0%9.0%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
5.0%9.0%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£5,558–£10,375 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £112,500 loan + £1,000 booking fee
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 mi
Wide · CV 44.4%Med confidence
Loading nearby sold…
Location & transport
Score 100/100
Loading map…
PropertySchoolsUniversitiesStationsArticle 4
Transport detail not loaded for this property.
Tax & exit
Ltd Co
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£1,463
Annual rental tax£870
CGT yr 5£0 · company level
5y net total£24,878
Acquisition costs
£58K
25% deposit£37,500
Stamp duty£8,000
Refurb£7,411
Legal + survey£2,000
Mortgage + broker£3,250
Cash needed£58,161
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
Make an offer
Pro analysis — outcome range, stress tests & portfolio impact
Your notes
Auto-saves
Description& agent copyRightmove
Claypath Court is an extremely well maintained block of City Centre Apartments designed for the over 55's with safety, friendship convenience and privacy in mind. 5 minutes walking distance of the market place. Having lift and stair access to all floors and telecom entrance system. At the rear of the property there is a communal garden and gated parking. This prestigious development was a former post office building and is now Grade II listed.