Rent vs buy calculator · England
Rent vs buy in Broxtowe: is it cheaper to rent or buy?
Renting leaves you £6,503 better off after 7 years. Owning a 2-bed terraced house costs about £1,353 a month, against £1,033 to rent the same size home.
- After 7 years
- Rent +£6,503
- Difference in net wealth
- Monthly cost to own
- £1,353
- Mortgage £980, of which £296 is capital
- Monthly cost to rent
- £1,033
- Rent £839 plus council tax
- Median price
- £190,000
- terraced house
- Cash needed to buy
- £19,000
- £19,000 deposit + £0 SDLT
- Price-to-rent ratio
- 18.9
- Price divided by a year of rent
Renting vs buying in Broxtowe by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £135,000 | £651 | +£179 | Close £660 |
| 2 bed | £190,000 | £839 | +£320 | Rent £6,503 |
| 3 bed | £242,750 | £1,003 | +£472 | Rent £14,576 |
| 4+ bed | £330,000 | £1,385 | +£613 | Rent £17,912 |
Average rent and house prices in Broxtowe
The ONS average private rent in Broxtowe is £942 a month (Aug 2026, provisional), up -1.5% on a year earlier. The median price paid is £250,000 (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 £2,327 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Broxtowe: FAQs
Is it cheaper to rent or buy in Broxtowe?
For a 2-bed home in Broxtowe, owning costs about £1,353 a month and renting about £1,033, both including council tax. Renting leaves you £6,503 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 Broxtowe?
The ONS average private rent in Broxtowe is £942 a month across all home sizes (Aug 2026, provisional), with £651 for 1 bed, £839 for 2 bed, £1,003 for 3 bed, £1,385 for 4 or more bed. Rents rose -1.5% over the past year.
What is the average house price in Broxtowe?
The median price paid in Broxtowe is £250,000 (ONS median price paid, year ending Mar 2026). The calculator uses £190,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Broxtowe?
A first-time buyer paying £190,000 would pay £0 in SDLT. With a 10% deposit of £19,000, the cash needed on day one is about £19,000.
What is the price-to-rent ratio in Broxtowe?
About 18.9: the 2-bed price is 18.9 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Broxtowe?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £660 after 7 years.
How many years until buying pays off in Broxtowe?
The lead first changes hands in year 10 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Browse every local authority.