Rent vs buy calculator · England
Rent vs buy in Broadland: is it cheaper to rent or buy?
Buying leaves you £29,193 better off after 7 years. Owning a 2-bed terraced house costs about £1,615 a month, against £1,074 to rent the same size home.
- After 7 years
- Buy +£29,193
- Difference in net wealth
- Monthly cost to own
- £1,615
- Mortgage £1,217, of which £367 is capital
- Monthly cost to rent
- £1,074
- Rent £893 plus council tax
- Median price
- £236,000
- terraced house
- Cash needed to buy
- £23,600
- £23,600 deposit + £0 SDLT
- Price-to-rent ratio
- 22.0
- Price divided by a year of rent
Renting vs buying in Broadland by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £166,250 | £691 | +£326 | Buy £26,917 |
| 2 bed | £236,000 | £893 | +£542 | Buy £29,193 |
| 3 bed | £275,000 | £1,078 | +£590 | Buy £39,360 |
| 4+ bed | £375,000 | £1,547 | +£720 | Buy £59,014 |
Average rent and house prices in Broadland
The ONS average private rent in Broadland is £938 a month (Aug 2026, provisional), up 4.1% on a year earlier. The median price paid is £305,000 (ONS median price paid, year ending Mar 2026).
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £2,167 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Broadland: FAQs
Is it cheaper to rent or buy in Broadland?
For a 2-bed home in Broadland, owning costs about £1,615 a month and renting about £1,074, both including council tax. Buying leaves you £29,193 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in Broadland?
The ONS average private rent in Broadland is £938 a month across all home sizes (Aug 2026, provisional), with £691 for 1 bed, £893 for 2 bed, £1,078 for 3 bed, £1,547 for 4 or more bed. Rents rose 4.1% over the past year.
What is the average house price in Broadland?
The median price paid in Broadland is £305,000 (ONS median price paid, year ending Mar 2026). The calculator uses £236,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Broadland?
A first-time buyer paying £236,000 would pay £0 in SDLT. With a 10% deposit of £23,600, the cash needed on day one is about £23,600.
What is the price-to-rent ratio in Broadland?
About 22.0: the 2-bed price is 22.0 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Broadland?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £59,014 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.