Rent vs buy calculator · England
Rent vs buy in Great Yarmouth: is it cheaper to rent or buy?
Buying leaves you £64,693 better off after 7 years. Owning a 2-bed terraced house costs about £1,158 a month, against £949 to rent the same size home.
- After 7 years
- Buy +£64,693
- Difference in net wealth
- Monthly cost to own
- £1,158
- Mortgage £825, of which £249 is capital
- Monthly cost to rent
- £949
- Rent £770 plus council tax
- Median price
- £160,000
- terraced house
- Cash needed to buy
- £16,000
- £16,000 deposit + £0 SDLT
- Price-to-rent ratio
- 17.3
- Price divided by a year of rent
Renting vs buying in Great Yarmouth by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £100,750 | £591 | +£33 | Buy £53,523 |
| 2 bed | £160,000 | £770 | +£209 | Buy £64,693 |
| 3 bed | £227,500 | £933 | +£451 | Buy £72,520 |
| 4+ bed | £332,500 | £1,324 | +£689 | Buy £100,873 |
Average rent and house prices in Great Yarmouth
The ONS average private rent in Great Yarmouth is £841 a month (Aug 2026, provisional), up 7.6% on a year earlier. The median price paid is £222,500 (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 £2,146 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Great Yarmouth: FAQs
Is it cheaper to rent or buy in Great Yarmouth?
For a 2-bed home in Great Yarmouth, owning costs about £1,158 a month and renting about £949, both including council tax. Buying leaves you £64,693 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 Great Yarmouth?
The ONS average private rent in Great Yarmouth is £841 a month across all home sizes (Aug 2026, provisional), with £591 for 1 bed, £770 for 2 bed, £933 for 3 bed, £1,324 for 4 or more bed. Rents rose 7.6% over the past year.
What is the average house price in Great Yarmouth?
The median price paid in Great Yarmouth is £222,500 (ONS median price paid, year ending Mar 2026). The calculator uses £160,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Great Yarmouth?
A first-time buyer paying £160,000 would pay £0 in SDLT. With a 10% deposit of £16,000, the cash needed on day one is about £16,000.
What is the price-to-rent ratio in Great Yarmouth?
About 17.3: the 2-bed price is 17.3 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Great Yarmouth?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £100,873 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.