Rent vs buy calculator · England
Rent vs buy in Chichester: is it cheaper to rent or buy?
Buying leaves you £15,506 better off after 7 years. Owning a 2-bed terraced house costs about £2,270 a month, against £1,405 to rent the same size home.
- After 7 years
- Buy +£15,506
- Difference in net wealth
- Monthly cost to own
- £2,270
- Mortgage £1,779, of which £537 is capital
- Monthly cost to rent
- £1,405
- Rent £1,222 plus council tax
- Median price
- £345,000
- terraced house
- Cash needed to buy
- £36,750
- £34,500 deposit + £2,250 SDLT
- Price-to-rent ratio
- 23.5
- Price divided by a year of rent
Renting vs buying in Chichester by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £213,750 | £947 | +£354 | Buy £31,946 |
| 2 bed | £345,000 | £1,222 | +£865 | Buy £15,506 |
| 3 bed | £390,000 | £1,507 | +£850 | Buy £29,890 |
| 4+ bed | £650,000 | £2,117 | +£1,798 | Rent £15,792 |
Average rent and house prices in Chichester
The ONS average private rent in Chichester is £1,333 a month (Aug 2026, provisional), up 2.9% on a year earlier. The median price paid is £430,000 (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 £2,195 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Chichester: FAQs
Is it cheaper to rent or buy in Chichester?
For a 2-bed home in Chichester, owning costs about £2,270 a month and renting about £1,405, both including council tax. Buying leaves you £15,506 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 Chichester?
The ONS average private rent in Chichester is £1,333 a month across all home sizes (Aug 2026, provisional), with £947 for 1 bed, £1,222 for 2 bed, £1,507 for 3 bed, £2,117 for 4 or more bed. Rents rose 2.9% over the past year.
What is the average house price in Chichester?
The median price paid in Chichester is £430,000 (ONS median price paid, year ending Mar 2026). The calculator uses £345,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Chichester?
A first-time buyer paying £345,000 would pay £2,250 in SDLT. With a 10% deposit of £34,500, the cash needed on day one is about £36,750.
What is the price-to-rent ratio in Chichester?
About 23.5: the 2-bed price is 23.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Chichester?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £31,946 after 7 years.
How many years until buying pays off in Chichester?
The lead first changes hands in year 3 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.