Rent vs buy calculator · England
Rent vs buy in Mid Suffolk: is it cheaper to rent or buy?
Buying leaves you £57,090 better off after 7 years. Owning a 2-bed terraced house costs about £1,570 a month, against £1,094 to rent the same size home.
- After 7 years
- Buy +£57,090
- Difference in net wealth
- Monthly cost to own
- £1,570
- Mortgage £1,186, of which £358 is capital
- Monthly cost to rent
- £1,094
- Rent £922 plus council tax
- Median price
- £230,000
- terraced house
- Cash needed to buy
- £23,000
- £23,000 deposit + £0 SDLT
- Price-to-rent ratio
- 20.8
- Price divided by a year of rent
Renting vs buying in Mid Suffolk by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £140,000 | £721 | +£138 | Buy £53,648 |
| 2 bed | £230,000 | £922 | +£477 | Buy £57,090 |
| 3 bed | £265,000 | £1,122 | +£486 | Buy £74,014 |
| 4+ bed | £418,000 | £1,584 | +£941 | Buy £87,575 |
Average rent and house prices in Mid Suffolk
The ONS average private rent in Mid Suffolk is £1,005 a month (Aug 2026, provisional), up 6.3% on a year earlier. The median price paid is £305,000 (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 £2,059 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Mid Suffolk: FAQs
Is it cheaper to rent or buy in Mid Suffolk?
For a 2-bed home in Mid Suffolk, owning costs about £1,570 a month and renting about £1,094, both including council tax. Buying leaves you £57,090 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 Mid Suffolk?
The ONS average private rent in Mid Suffolk is £1,005 a month across all home sizes (Aug 2026, provisional), with £721 for 1 bed, £922 for 2 bed, £1,122 for 3 bed, £1,584 for 4 or more bed. Rents rose 6.3% over the past year.
What is the average house price in Mid Suffolk?
The median price paid in Mid Suffolk is £305,000 (ONS median price paid, year ending Mar 2026). The calculator uses £230,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Mid Suffolk?
A first-time buyer paying £230,000 would pay £0 in SDLT. With a 10% deposit of £23,000, the cash needed on day one is about £23,000.
What is the price-to-rent ratio in Mid Suffolk?
About 20.8: the 2-bed price is 20.8 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Mid Suffolk?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £87,575 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.