Put in the price and the rent. See gross and net yield on your own figures. Below the sum are compliance duties in England that can sit behind what you entered as a running cost. They are duties, not a bill: what each one costs depends on the property, on whether anything is due, and on any exemption, and this page does not work any of them out or add them in for you.
Your figures
Arithmetic on the figures you type, and nothing else. It is not a valuation, not a forecast and not investment advice, and it sets no view on what any number should be. The figures you type stay in the page. It carries no code that sends them anywhere, no analytics and no error reporting, and it writes nothing to storage, so we do not receive them and nothing is kept.
Demonstration figures, not market data. On a price of £250,000 and a rent of £1,100 a month
5.28% gross, 4.32% net on the costs you entered
The figures the page opens with are there to show the sum working. They are not drawn from market data, are not a typical case, and are not a return anyone should expect. Replace them with your own. Gross yield is the year's rent divided by the price. Net yield is the same sum after the running costs you entered. Neither works out mortgage interest, tax or empty periods for you. Tax sits outside both sums entirely. An allowance for empty periods can go into the costs box if you want it counted, in which case the net figure carries it; mortgage interest can too, though the result then stops being a yield on the property. So these describe the arithmetic rather than what you would be left with.
What a yield sum usually leaves out
A yield figure treats running costs as one number you pick. Several of the items inside it are legal requirements in England, and they do not all behave the same way: some fall due on a fixed clock, one depends on where the property is, one arises only when something needs doing, and tax sits outside the sum altogether.
Where the gas safety regulations apply, the check is annual and the record goes to the tenant. The dates and renewals.
An inspection at least every five years, or sooner if the report names an earlier date. Where the report indicates that the landlord is, or may be, in breach of the duty and requires further investigative or remedial work, that work is done within 28 days of the inspection, or sooner if the report says so. A recommendation that does not carry that indication is not on the same clock. Written confirmation that it is done then goes to the tenant, and to the local housing authority, within 28 days of the work being completed, with a copy of the report it came from. How often, and what happens if you miss it.
Two separate things. Four steps, not one. Where there is no valid certificate already, one has to be commissioned before the property is marketed and obtained within the timescale the regulations allow, so marketing can begin once it has been commissioned. A property that already has a valid one does not need another. It then has to be made available free of charge to a prospective tenant at the earliest opportunity, which is a duty owed before anyone has signed, and given free of charge to the person who actually takes up the tenancy, which is a separate one. Giving it only to the eventual tenant does not answer the first. The regulations also set out the exceptions and the buildings that fall outside all of that. Separately again, the minimum energy efficiency standard applies to properties within its own regulations, with exemptions that have to be registered, and being outside one is not being outside the other. What rating you need.
Three different schemes. Mandatory HMO licensing generally applies where at least five people in two or more households live there. A council can also run additional licensing for smaller HMOs, and selective licensing for privately rented homes in a designated area. A designation does not catch every property in it: there are statutory exclusions and exemptions, and a property already licensable under another scheme is not automatically caught by a selective one as well. Being an HMO does not by itself mean a mandatory licence is needed. Which scheme applies, and the fees and durations, are set locally. Whether yours needs one.
Section 11 of the Landlord and Tenant Act 1985 puts the structure and exterior on the landlord, along with the installations for water, gas, electricity, sanitation, and for space heating and heating water. Fitness for human habitation and housing hazards, damp and mould among them, sit under their own provisions with their own tests, so not every case is the same obligation. What falls to you.
Tax comes after this sum, not inside it, and this page does not work out taxable profit. How it is charged depends on whether the property is held personally or through a company, and the restriction on finance costs does not apply to both in the same way. What you pay on rental income.
Where the wording comes from
VEYLO X is a software platform for renting and letting in England, where the landlord writes the tenancy record, VEYLO X keeps it, and the renter sees the same one.