Rent vs buy calculator · England
Rent vs buy in Castle Point: is it cheaper to rent or buy?
Buying leaves you £48,081 better off after 7 years. Owning a 2-bed terraced house costs about £2,056 a month, against £1,341 to rent the same size home.
- After 7 years
- Buy +£48,081
- Difference in net wealth
- Monthly cost to own
- £2,056
- Mortgage £1,604, of which £484 is capital
- Monthly cost to rent
- £1,341
- Rent £1,169 plus council tax
- Median price
- £311,000
- terraced house
- Cash needed to buy
- £31,650
- £31,100 deposit + £550 SDLT
- Price-to-rent ratio
- 22.2
- Price divided by a year of rent
Renting vs buying in Castle Point by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £222,750 | £943 | +£412 | Buy £46,344 |
| 2 bed | £311,000 | £1,169 | +£715 | Buy £48,081 |
| 3 bed | £370,000 | £1,425 | +£812 | Buy £57,965 |
| 4+ bed | £442,500 | £2,040 | +£632 | Buy £106,485 |
Average rent and house prices in Castle Point
The ONS average private rent in Castle Point is £1,262 a month (Aug 2026, provisional), up 4.8% on a year earlier. The median price paid is £370,000 (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 £2,061 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Castle Point: FAQs
Is it cheaper to rent or buy in Castle Point?
For a 2-bed home in Castle Point, owning costs about £2,056 a month and renting about £1,341, both including council tax. Buying leaves you £48,081 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 Castle Point?
The ONS average private rent in Castle Point is £1,262 a month across all home sizes (Aug 2026, provisional), with £943 for 1 bed, £1,169 for 2 bed, £1,425 for 3 bed, £2,040 for 4 or more bed. Rents rose 4.8% over the past year.
What is the average house price in Castle Point?
The median price paid in Castle Point is £370,000 (ONS median price paid, year ending Mar 2026). The calculator uses £311,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Castle Point?
A first-time buyer paying £311,000 would pay £550 in SDLT. With a 10% deposit of £31,100, the cash needed on day one is about £31,650.
What is the price-to-rent ratio in Castle Point?
About 22.2: the 2-bed price is 22.2 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Castle Point?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £106,485 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.