Sell or rent my house? UK – feeling stuck and unsure

Hi everyone, looking for some advice as I’m really torn.

My mum and dad let me buy their house well under market value a few years ago, so I have a decent amount of equity in it. They’ve now moved out of the house, and I moved in with my boyfriend about 2 months ago.

I’m trying to decide whether I should sell the house or rent it out.

My main goal is to try and make money from it if possible, but without putting myself in a risky position. My living situation is still fairly new. I’ve been with my boyfriend for about a year, and while things are good, living together is obviously a big step. If things didn’t work out, I wouldn’t be able to afford to move back into the city on my own if I sold the house.

I’m wondering whether renting is actually worth it in this situation, or if it ends up being more stress than it’s worth. On the other hand, would selling and cashing in the equity be the smarter move? Has anyone been in a similar position and regretted either decision?

I’m feeling a bit stuck because the house feels like my safety net, but I also don’t want it sitting there doing nothing.

Any advice or personal experiences would be really appreciated. Thanks!