On: Houses are assets, not goods

[djmobley]

Is that £1,600/month the cost of a buy-to-let mortgage, which you would need if you planned to rent out the property?

You would also need to factor in costs like landlords’ insurance, letting agents’ fees, the risk of non-payment of rent, etc.

[andy_ppp → djmobley]

Sure but those costs are applied on top of both properties. I doubt you could get a buy to let mortgage on a Victorian house in London unless you had a 60% deposit.