Rent vs buy calculator · England
Rent vs buy in Melton: is it cheaper to rent or buy?
Buying leaves you £51,478 better off after 7 years. Owning a 2-bed terraced house costs about £1,279 a month, against £911 to rent the same size home.
- After 7 years
- Buy +£51,478
- Difference in net wealth
- Monthly cost to own
- £1,279
- Mortgage £928, of which £280 is capital
- Monthly cost to rent
- £911
- Rent £731 plus council tax
- Median price
- £180,000
- terraced house
- Cash needed to buy
- £18,000
- £18,000 deposit + £0 SDLT
- Price-to-rent ratio
- 20.5
- Price divided by a year of rent
Renting vs buying in Melton by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £136,250 | £557 | +£280 | Buy £38,852 |
| 2 bed | £180,000 | £731 | +£368 | Buy £51,478 |
| 3 bed | £235,625 | £899 | +£533 | Buy £61,312 |
| 4+ bed | £388,000 | £1,369 | +£976 | Buy £83,529 |
Average rent and house prices in Melton
The ONS average private rent in Melton is £806 a month (Aug 2026, provisional), up 7.1% on a year earlier. The median price paid is £265,000 (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 £2,160 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Melton: FAQs
Is it cheaper to rent or buy in Melton?
For a 2-bed home in Melton, owning costs about £1,279 a month and renting about £911, both including council tax. Buying leaves you £51,478 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 Melton?
The ONS average private rent in Melton is £806 a month across all home sizes (Aug 2026, provisional), with £557 for 1 bed, £731 for 2 bed, £899 for 3 bed, £1,369 for 4 or more bed. Rents rose 7.1% over the past year.
What is the average house price in Melton?
The median price paid in Melton is £265,000 (ONS median price paid, year ending Mar 2026). The calculator uses £180,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Melton?
A first-time buyer paying £180,000 would pay £0 in SDLT. With a 10% deposit of £18,000, the cash needed on day one is about £18,000.
What is the price-to-rent ratio in Melton?
About 20.5: the 2-bed price is 20.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Melton?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £83,529 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.