Rent vs buy calculator · England
Rent vs buy in Haringey: is it cheaper to rent or buy?
Renting leaves you £124,758 better off after 7 years. Owning a 2-bed terraced house costs about £4,865 a month, against £2,205 to rent the same size home.
- After 7 years
- Rent +£124,758
- Difference in net wealth
- Monthly cost to own
- £4,865
- Mortgage £4,022, of which £1,214 is capital
- Monthly cost to rent
- £2,205
- Rent £2,034 plus council tax
- Median price
- £780,000
- terraced house
- Cash needed to buy
- £107,000
- £78,000 deposit + £29,000 SDLT
- Price-to-rent ratio
- 32.0
- Price divided by a year of rent
Renting vs buying in Haringey by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £460,000 | £1,639 | +£1,137 | Rent £13,426 |
| 2 bed | £780,000 | £2,034 | +£2,659 | Rent £124,758 |
| 3 bed | £1,175,000 | £2,356 | +£4,703 | Rent £287,730 |
| 4+ bed | £2,187,500 | £3,186 | +£9,939 | Rent £754,249 |
Average rent and house prices in Haringey
The ONS average private rent in Haringey is £2,219 a month (Aug 2026, provisional), up 1.4% on a year earlier. The median price paid is £586,000 (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 £2,057 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Haringey: FAQs
Is it cheaper to rent or buy in Haringey?
For a 2-bed home in Haringey, owning costs about £4,865 a month and renting about £2,205, both including council tax. Renting leaves you £124,758 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 Haringey?
The ONS average private rent in Haringey is £2,219 a month across all home sizes (Aug 2026, provisional), with £1,639 for 1 bed, £2,034 for 2 bed, £2,356 for 3 bed, £3,186 for 4 or more bed. Rents rose 1.4% over the past year.
What is the average house price in Haringey?
The median price paid in Haringey is £586,000 (ONS median price paid, year ending Mar 2026). The calculator uses £780,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Haringey?
A first-time buyer paying £780,000 would pay £29,000 in SDLT. With a 10% deposit of £78,000, the cash needed on day one is about £107,000.
What is the price-to-rent ratio in Haringey?
About 32.0: the 2-bed price is 32.0 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Haringey?
On the default assumptions, a 1-bed home gives buying its strongest position: renting still ahead by £13,426 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.