Rent vs buy calculator · England
Rent vs buy in Enfield: is it cheaper to rent or buy?
Buying leaves you £58,907 better off after 7 years. Owning a 2-bed terraced house costs about £3,184 a month, against £1,932 to rent the same size home.
- After 7 years
- Buy +£58,907
- Difference in net wealth
- Monthly cost to own
- £3,184
- Mortgage £2,578, of which £778 is capital
- Monthly cost to rent
- £1,932
- Rent £1,764 plus council tax
- Median price
- £500,000
- terraced house
- Cash needed to buy
- £60,000
- £50,000 deposit + £10,000 SDLT
- Price-to-rent ratio
- 23.6
- Price divided by a year of rent
Renting vs buying in Enfield by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £325,000 | £1,422 | +£546 | Buy £78,059 |
| 2 bed | £500,000 | £1,764 | +£1,252 | Buy £58,907 |
| 3 bed | £680,000 | £2,098 | +£1,996 | Buy £29,809 |
| 4+ bed | £925,000 | £2,807 | +£2,755 | Buy £33,029 |
Average rent and house prices in Enfield
The ONS average private rent in Enfield is £1,827 a month (Aug 2026, provisional), up 5.1% on a year earlier. The median price paid is £480,000 (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 £2,016 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Enfield: FAQs
Is it cheaper to rent or buy in Enfield?
For a 2-bed home in Enfield, owning costs about £3,184 a month and renting about £1,932, both including council tax. Buying leaves you £58,907 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 Enfield?
The ONS average private rent in Enfield is £1,827 a month across all home sizes (Aug 2026, provisional), with £1,422 for 1 bed, £1,764 for 2 bed, £2,098 for 3 bed, £2,807 for 4 or more bed. Rents rose 5.1% over the past year.
What is the average house price in Enfield?
The median price paid in Enfield is £480,000 (ONS median price paid, year ending Mar 2026). The calculator uses £500,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Enfield?
A first-time buyer paying £500,000 would pay £10,000 in SDLT. With a 10% deposit of £50,000, the cash needed on day one is about £60,000.
What is the price-to-rent ratio in Enfield?
About 23.6: the 2-bed price is 23.6 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Enfield?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £78,059 after 7 years.
How many years until buying pays off in Enfield?
The lead first changes hands in year 2 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.