Rent vs buy calculator · Northern Ireland
Rent vs buy in Newry, Mourne and Down: is it cheaper to rent or buy?
Buying leaves you £12,345 better off after 7 years. Owning a 2-bed all property types costs about £1,342 a month, against £708 to rent the same size home.
- After 7 years
- Buy +£12,345
- Difference in net wealth
- Monthly cost to own
- £1,342
- Mortgage £1,137, of which £343 is capital
- Monthly cost to rent
- £708
- Rent £708 plus council tax
- Median price
- £220,572
- all property types
- Cash needed to buy
- £22,057
- £22,057 deposit + £0 SDLT
- Price-to-rent ratio
- 26.0
- Price divided by a year of rent
Renting vs buying in Newry, Mourne and Down by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £220,572 | £570 | +£772 | Close £4,154 |
| 2 bed | £220,572 | £708 | +£634 | Buy £12,345 |
| 3 bed | £220,572 | £810 | +£532 | Buy £24,540 |
| 4+ bed | £220,572 | £1,112 | +£230 | Buy £60,647 |
Average rent and house prices in Newry, Mourne and Down
The ONS average private rent in Newry, Mourne and Down is £783 a month (Jun 2026), up 4.1% on a year earlier. The median price paid is £220,572 (UK HPI local authority average, Jul 2026). Rents here are published for the South Northern Ireland BRMA Broad Rental Market Area.
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 £0 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Newry, Mourne and Down: FAQs
Is it cheaper to rent or buy in Newry, Mourne and Down?
For a 2-bed home in Newry, Mourne and Down, owning costs about £1,342 a month and renting about £708, both including council tax. Buying leaves you £12,345 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 Newry, Mourne and Down?
The ONS average private rent in Newry, Mourne and Down is £783 a month across all home sizes (Jun 2026), with £570 for 1 bed, £708 for 2 bed, £810 for 3 bed, £1,112 for 4 or more bed. Rents rose 4.1% over the past year.
What is the average house price in Newry, Mourne and Down?
The median price paid in Newry, Mourne and Down is £220,572 (UK HPI local authority average, Jul 2026). The calculator uses £220,572 for a all property types, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Newry, Mourne and Down?
A first-time buyer paying £220,572 would pay £0 in SDLT. With a 10% deposit of £22,057, the cash needed on day one is about £22,057.
What is the price-to-rent ratio in Newry, Mourne and Down?
About 26.0: the 2-bed price is 26.0 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Newry, Mourne and Down?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £60,647 after 7 years.
How many years until buying pays off in Newry, Mourne and Down?
The lead first changes hands in year 19 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 Northern Ireland average or browse every local authority.