Rent vs buy calculator · England
Rent vs buy in Mid Sussex: is it cheaper to rent or buy?
Buying leaves you £20,365 better off after 7 years. Owning a 2-bed terraced house costs about £2,420 a month, against £1,474 to rent the same size home.
- After 7 years
- Buy +£20,365
- Difference in net wealth
- Monthly cost to own
- £2,420
- Mortgage £1,908, of which £576 is capital
- Monthly cost to rent
- £1,474
- Rent £1,291 plus council tax
- Median price
- £370,000
- terraced house
- Cash needed to buy
- £40,500
- £37,000 deposit + £3,500 SDLT
- Price-to-rent ratio
- 23.9
- Price divided by a year of rent
Renting vs buying in Mid Sussex by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £240,000 | £1,009 | +£450 | Buy £35,096 |
| 2 bed | £370,000 | £1,291 | +£946 | Buy £20,365 |
| 3 bed | £460,000 | £1,621 | +£1,155 | Buy £22,868 |
| 4+ bed | £659,500 | £2,209 | +£1,762 | Close £3,829 |
Average rent and house prices in Mid Sussex
The ONS average private rent in Mid Sussex is £1,423 a month (Aug 2026, provisional), up 3.4% on a year earlier. The median price paid is £440,000 (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 £2,199 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Mid Sussex: FAQs
Is it cheaper to rent or buy in Mid Sussex?
For a 2-bed home in Mid Sussex, owning costs about £2,420 a month and renting about £1,474, both including council tax. Buying leaves you £20,365 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 Sussex?
The ONS average private rent in Mid Sussex is £1,423 a month across all home sizes (Aug 2026, provisional), with £1,009 for 1 bed, £1,291 for 2 bed, £1,621 for 3 bed, £2,209 for 4 or more bed. Rents rose 3.4% over the past year.
What is the average house price in Mid Sussex?
The median price paid in Mid Sussex is £440,000 (ONS median price paid, year ending Mar 2026). The calculator uses £370,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Mid Sussex?
A first-time buyer paying £370,000 would pay £3,500 in SDLT. With a 10% deposit of £37,000, the cash needed on day one is about £40,500.
What is the price-to-rent ratio in Mid Sussex?
About 23.9: the 2-bed price is 23.9 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Mid Sussex?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £35,096 after 7 years.
How many years until buying pays off in Mid Sussex?
The lead first changes hands in year 2 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.