Rent vs buy calculator · England
Rent vs buy in Burnley: is it cheaper to rent or buy?
Buying leaves you £31,979 better off after 7 years. Owning a 2-bed terraced house costs about £785 a month, against £777 to rent the same size home.
- After 7 years
- Buy +£31,979
- Difference in net wealth
- Monthly cost to own
- £785
- Mortgage £495, of which £149 is capital
- Monthly cost to rent
- £777
- Rent £588 plus council tax
- Median price
- £96,000
- terraced house
- Cash needed to buy
- £9,600
- £9,600 deposit + £0 SDLT
- Price-to-rent ratio
- 13.6
- Price divided by a year of rent
Renting vs buying in Burnley by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £88,625 | £465 | +£87 | Buy £20,148 |
| 2 bed | £96,000 | £588 | +£8 | Buy £31,979 |
| 3 bed | £177,000 | £696 | +£385 | Buy £15,152 |
| 4+ bed | £292,750 | £952 | +£822 | Close £4,734 |
Average rent and house prices in Burnley
The ONS average private rent in Burnley is £631 a month (Aug 2026, provisional), up 2.9% on a year earlier. The median price paid is £132,000 (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 £2,266 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Burnley: FAQs
Is it cheaper to rent or buy in Burnley?
For a 2-bed home in Burnley, owning costs about £785 a month and renting about £777, both including council tax. Buying leaves you £31,979 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 Burnley?
The ONS average private rent in Burnley is £631 a month across all home sizes (Aug 2026, provisional), with £465 for 1 bed, £588 for 2 bed, £696 for 3 bed, £952 for 4 or more bed. Rents rose 2.9% over the past year.
What is the average house price in Burnley?
The median price paid in Burnley is £132,000 (ONS median price paid, year ending Mar 2026). The calculator uses £96,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Burnley?
A first-time buyer paying £96,000 would pay £0 in SDLT. With a 10% deposit of £9,600, the cash needed on day one is about £9,600.
What is the price-to-rent ratio in Burnley?
About 13.6: the 2-bed price is 13.6 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Burnley?
On the default assumptions, a 2-bed home gives buying its strongest position: buying ahead by £31,979 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.