Rent vs buy calculator · Wales
Rent vs buy in Monmouthshire: is it cheaper to rent or buy?
Buying leaves you £8,313 better off after 7 years. Owning a 2-bed terraced house costs about £1,685 a month, against £1,099 to rent the same size home.
- After 7 years
- Buy +£8,313
- Difference in net wealth
- Monthly cost to own
- £1,685
- Mortgage £1,279, of which £386 is capital
- Monthly cost to rent
- £1,099
- Rent £920 plus council tax
- Median price
- £248,000
- terraced house
- Cash needed to buy
- £26,180
- £24,800 deposit + £1,380 LTT
- Price-to-rent ratio
- 22.5
- Price divided by a year of rent
Renting vs buying in Monmouthshire by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £175,000 | £729 | +£340 | Buy £15,426 |
| 2 bed | £248,000 | £920 | +£586 | Buy £8,313 |
| 3 bed | £280,000 | £1,065 | +£633 | Buy £10,421 |
| 4+ bed | £430,000 | £1,493 | +£1,104 | Rent £9,463 |
Average rent and house prices in Monmouthshire
The ONS average private rent in Monmouthshire is £994 a month (Aug 2026, provisional), up 2.3% on a year earlier. The median price paid is £320,000 (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 £2,148 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Monmouthshire: FAQs
Is it cheaper to rent or buy in Monmouthshire?
For a 2-bed home in Monmouthshire, owning costs about £1,685 a month and renting about £1,099, both including council tax. Buying leaves you £8,313 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 Monmouthshire?
The ONS average private rent in Monmouthshire is £994 a month across all home sizes (Aug 2026, provisional), with £729 for 1 bed, £920 for 2 bed, £1,065 for 3 bed, £1,493 for 4 or more bed. Rents rose 2.3% over the past year.
What is the average house price in Monmouthshire?
The median price paid in Monmouthshire is £320,000 (ONS median price paid, year ending Mar 2026). The calculator uses £248,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Monmouthshire?
A first-time buyer paying £248,000 would pay £1,380 in LTT. With a 10% deposit of £24,800, the cash needed on day one is about £26,180.
What is the price-to-rent ratio in Monmouthshire?
About 22.5: the 2-bed price is 22.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Monmouthshire?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £15,426 after 7 years.
How many years until buying pays off in Monmouthshire?
The lead first changes hands in year 4 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Compare with the Wales average or browse every local authority.