Rent vs buy calculator · England
Rent vs buy in Isles of Scilly: is it cheaper to rent or buy?
Buying leaves you £28,254 better off after 7 years. Owning a 2-bed all property types costs about £2,062 a month, against £1,217 to rent the same size home.
- After 7 years
- Buy +£28,254
- Difference in net wealth
- Monthly cost to own
- £2,062
- Mortgage £1,627, of which £491 is capital
- Monthly cost to rent
- £1,217
- Rent £1,065 plus council tax
- Median price
- £315,500
- all property types
- Cash needed to buy
- £32,325
- £31,550 deposit + £775 SDLT
- Price-to-rent ratio
- 24.7
- Price divided by a year of rent
Renting vs buying in Isles of Scilly by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £240,000 | £830 | +£629 | Buy £23,522 |
| 2 bed | £315,500 | £1,065 | +£846 | Buy £28,254 |
| 3 bed | £315,500 | £1,297 | +£614 | Buy £56,121 |
| 4+ bed | £315,500 | £1,872 | +£39 | Buy £125,187 |
Average rent and house prices in Isles of Scilly
The ONS average private rent in Isles of Scilly is £1,245 a month (Aug 2026, provisional), up 4.4% on a year earlier. The median price paid is £315,500 (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 £1,820 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Isles of Scilly: FAQs
Is it cheaper to rent or buy in Isles of Scilly?
For a 2-bed home in Isles of Scilly, owning costs about £2,062 a month and renting about £1,217, both including council tax. Buying leaves you £28,254 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 Isles of Scilly?
The ONS average private rent in Isles of Scilly is £1,245 a month across all home sizes (Aug 2026, provisional), with £830 for 1 bed, £1,065 for 2 bed, £1,297 for 3 bed, £1,872 for 4 or more bed. Rents rose 4.4% over the past year.
What is the average house price in Isles of Scilly?
The median price paid in Isles of Scilly is £315,500 (ONS median price paid, year ending Mar 2026). The calculator uses £315,500 for a all property types, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Isles of Scilly?
A first-time buyer paying £315,500 would pay £775 in SDLT. With a 10% deposit of £31,550, the cash needed on day one is about £32,325.
What is the price-to-rent ratio in Isles of Scilly?
About 24.7: the 2-bed price is 24.7 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Isles of Scilly?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £125,187 after 7 years.
How many years until buying pays off in Isles of Scilly?
The lead first changes hands in year 28 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.