Rent vs buy calculator · England
Rent vs buy in North East Lincolnshire: is it cheaper to rent or buy?
Buying leaves you £46,409 better off after 7 years. Owning a 2-bed terraced house costs about £828 a month, against £764 to rent the same size home.
- After 7 years
- Buy +£46,409
- Difference in net wealth
- Monthly cost to own
- £828
- Mortgage £536, of which £162 is capital
- Monthly cost to rent
- £764
- Rent £580 plus council tax
- Median price
- £104,000
- terraced house
- Cash needed to buy
- £10,400
- £10,400 deposit + £0 SDLT
- Price-to-rent ratio
- 14.9
- Price divided by a year of rent
Renting vs buying in North East Lincolnshire by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £87,500 | £453 | +£92 | Buy £34,239 |
| 2 bed | £104,000 | £580 | +£64 | Buy £46,409 |
| 3 bed | £170,000 | £678 | +£361 | Buy £43,209 |
| 4+ bed | £264,550 | £949 | +£657 | Buy £56,231 |
Average rent and house prices in North East Lincolnshire
The ONS average private rent in North East Lincolnshire is £643 a month (Aug 2026, provisional), up 6.6% on a year earlier. The median price paid is £160,000 (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 £2,208 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 Lincolnshire: FAQs
Is it cheaper to rent or buy in North East Lincolnshire?
For a 2-bed home in North East Lincolnshire, owning costs about £828 a month and renting about £764, both including council tax. Buying leaves you £46,409 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 Lincolnshire?
The ONS average private rent in North East Lincolnshire is £643 a month across all home sizes (Aug 2026, provisional), with £453 for 1 bed, £580 for 2 bed, £678 for 3 bed, £949 for 4 or more bed. Rents rose 6.6% over the past year.
What is the average house price in North East Lincolnshire?
The median price paid in North East Lincolnshire is £160,000 (ONS median price paid, year ending Mar 2026). The calculator uses £104,000 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 Lincolnshire?
A first-time buyer paying £104,000 would pay £0 in SDLT. With a 10% deposit of £10,400, the cash needed on day one is about £10,400.
What is the price-to-rent ratio in North East Lincolnshire?
About 14.9: the 2-bed price is 14.9 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in North East Lincolnshire?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £56,231 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.