Rent vs buy calculator · England
Rent vs buy in Chesterfield: is it cheaper to rent or buy?
Buying leaves you £25,933 better off after 7 years. Owning a 2-bed terraced house costs about £1,063 a month, against £869 to rent the same size home.
- After 7 years
- Buy +£25,933
- Difference in net wealth
- Monthly cost to own
- £1,063
- Mortgage £748, of which £226 is capital
- Monthly cost to rent
- £869
- Rent £696 plus council tax
- Median price
- £145,000
- terraced house
- Cash needed to buy
- £14,500
- £14,500 deposit + £0 SDLT
- Price-to-rent ratio
- 17.4
- Price divided by a year of rent
Renting vs buying in Chesterfield by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £124,250 | £541 | +£224 | Buy £15,354 |
| 2 bed | £145,000 | £696 | +£193 | Buy £25,933 |
| 3 bed | £190,000 | £832 | +£327 | Buy £25,304 |
| 4+ bed | £324,975 | £1,170 | +£798 | Buy £15,230 |
Average rent and house prices in Chesterfield
The ONS average private rent in Chesterfield is £758 a month (Aug 2026, provisional), up 2.7% on a year earlier. The median price paid is £195,400 (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 £2,080 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Chesterfield: FAQs
Is it cheaper to rent or buy in Chesterfield?
For a 2-bed home in Chesterfield, owning costs about £1,063 a month and renting about £869, both including council tax. Buying leaves you £25,933 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 Chesterfield?
The ONS average private rent in Chesterfield is £758 a month across all home sizes (Aug 2026, provisional), with £541 for 1 bed, £696 for 2 bed, £832 for 3 bed, £1,170 for 4 or more bed. Rents rose 2.7% over the past year.
What is the average house price in Chesterfield?
The median price paid in Chesterfield is £195,400 (ONS median price paid, year ending Mar 2026). The calculator uses £145,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Chesterfield?
A first-time buyer paying £145,000 would pay £0 in SDLT. With a 10% deposit of £14,500, the cash needed on day one is about £14,500.
What is the price-to-rent ratio in Chesterfield?
About 17.4: the 2-bed price is 17.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Chesterfield?
On the default assumptions, a 2-bed home gives buying its strongest position: buying ahead by £25,933 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.