Rent vs buy calculator · England
Rent vs buy in Gravesham: is it cheaper to rent or buy?
Buying leaves you £56,672 better off after 7 years. Owning a 2-bed terraced house costs about £2,086 a month, against £1,379 to rent the same size home.
- After 7 years
- Buy +£56,672
- Difference in net wealth
- Monthly cost to own
- £2,086
- Mortgage £1,624, of which £490 is capital
- Monthly cost to rent
- £1,379
- Rent £1,201 plus council tax
- Median price
- £315,000
- terraced house
- Cash needed to buy
- £32,250
- £31,500 deposit + £750 SDLT
- Price-to-rent ratio
- 21.9
- Price divided by a year of rent
Renting vs buying in Gravesham by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £181,995 | £910 | +£201 | Buy £58,055 |
| 2 bed | £315,000 | £1,201 | +£707 | Buy £56,672 |
| 3 bed | £400,000 | £1,465 | +£952 | Buy £59,820 |
| 4+ bed | £592,500 | £2,081 | +£1,489 | Buy £61,460 |
Average rent and house prices in Gravesham
The ONS average private rent in Gravesham is £1,336 a month (Aug 2026, provisional), up 5.3% on a year earlier. The median price paid is £360,000 (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 £2,141 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Gravesham: FAQs
Is it cheaper to rent or buy in Gravesham?
For a 2-bed home in Gravesham, owning costs about £2,086 a month and renting about £1,379, both including council tax. Buying leaves you £56,672 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 Gravesham?
The ONS average private rent in Gravesham is £1,336 a month across all home sizes (Aug 2026, provisional), with £910 for 1 bed, £1,201 for 2 bed, £1,465 for 3 bed, £2,081 for 4 or more bed. Rents rose 5.3% over the past year.
What is the average house price in Gravesham?
The median price paid in Gravesham is £360,000 (ONS median price paid, year ending Mar 2026). The calculator uses £315,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Gravesham?
A first-time buyer paying £315,000 would pay £750 in SDLT. With a 10% deposit of £31,500, the cash needed on day one is about £32,250.
What is the price-to-rent ratio in Gravesham?
About 21.9: the 2-bed price is 21.9 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Gravesham?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £61,460 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.