Rent vs buy calculator · England
Rent vs buy in North East Derbyshire: is it cheaper to rent or buy?
Buying leaves you £31,175 better off after 7 years. Owning a 2-bed terraced house costs about £1,162 a month, against £906 to rent the same size home.
- After 7 years
- Buy +£31,175
- Difference in net wealth
- Monthly cost to own
- £1,162
- Mortgage £825, of which £249 is capital
- Monthly cost to rent
- £906
- Rent £723 plus council tax
- Median price
- £160,000
- terraced house
- Cash needed to buy
- £16,000
- £16,000 deposit + £0 SDLT
- Price-to-rent ratio
- 18.4
- Price divided by a year of rent
Renting vs buying in North East Derbyshire by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £125,000 | £569 | +£201 | Buy £24,330 |
| 2 bed | £160,000 | £723 | +£256 | Buy £31,175 |
| 3 bed | £200,000 | £878 | +£341 | Buy £36,473 |
| 4+ bed | £330,000 | £1,209 | +£789 | Buy £32,641 |
Average rent and house prices in North East Derbyshire
The ONS average private rent in North East Derbyshire is £791 a month (Aug 2026, provisional), up 3.8% on a year earlier. The median price paid is £235,000 (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 £2,193 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in North East Derbyshire: FAQs
Is it cheaper to rent or buy in North East Derbyshire?
For a 2-bed home in North East Derbyshire, owning costs about £1,162 a month and renting about £906, both including council tax. Buying leaves you £31,175 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 North East Derbyshire?
The ONS average private rent in North East Derbyshire is £791 a month across all home sizes (Aug 2026, provisional), with £569 for 1 bed, £723 for 2 bed, £878 for 3 bed, £1,209 for 4 or more bed. Rents rose 3.8% over the past year.
What is the average house price in North East Derbyshire?
The median price paid in North East Derbyshire is £235,000 (ONS median price paid, year ending Mar 2026). The calculator uses £160,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in North East Derbyshire?
A first-time buyer paying £160,000 would pay £0 in SDLT. With a 10% deposit of £16,000, the cash needed on day one is about £16,000.
What is the price-to-rent ratio in North East Derbyshire?
About 18.4: the 2-bed price is 18.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in North East Derbyshire?
On the default assumptions, a 3-bed home gives buying its strongest position: buying ahead by £36,473 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.