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There’s also a terminology problem with “transaction costs.” State whether your figure includes only completion-related costs or also financing, initial repairs, furnishing and setup. People often disagree because they are using the same phrase for different totals.

I’d be cautious about treating the completed sale as decisive unless it is genuinely close in micro-location, size basis and amenities. One transaction can mislead just as easily as asking prices. Rather than applying a broad condition discount, list the dated items and estimate what bringing...

Before discussing money, it may be worth arranging a documented condition visit with proper notice. That gives you current maintenance information and avoids assumptions about refurbishment. Keep ordinary upkeep, tenant-caused damage and deposit handling separate, subject to the tenancy terms...

Distance changes the calculation. A low-maintenance tenant is more valuable when every small issue requires you to coordinate remotely. Add your likely travel, contractor access and management time to the turnover estimate rather than comparing rent figures alone.

Two awkward test cases would tell you more than one smooth journey. Keep the listing-to-viewing test, but add a corrected document after approval and a viewing change made from a phone. The first test is easy to repeat or abandon. A weak version trail discovered near completion is much harder...

Does the MAD 227,700 already account for any service charges due around completion, insurance costs and moving deposits? Also, will you still have regular income arriving before the first mortgage payment? The buffer looks very different if it only needs to absorb surprises rather than routine...