Rent vs buy calculator · England
Rent vs buy in North Kesteven: is it cheaper to rent or buy?
Buying leaves you £46,253 better off after 7 years. Owning a 2-bed terraced house costs about £1,242 a month, against £931 to rent the same size home.
- After 7 years
- Buy +£46,253
- Difference in net wealth
- Monthly cost to own
- £1,242
- Mortgage £902, of which £272 is capital
- Monthly cost to rent
- £931
- Rent £758 plus council tax
- Median price
- £175,000
- terraced house
- Cash needed to buy
- £17,500
- £17,500 deposit + £0 SDLT
- Price-to-rent ratio
- 19.2
- Price divided by a year of rent
Renting vs buying in North Kesteven by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £116,250 | £580 | +£137 | Buy £39,466 |
| 2 bed | £175,000 | £758 | +£311 | Buy £46,253 |
| 3 bed | £210,000 | £922 | +£357 | Buy £57,575 |
| 4+ bed | £299,250 | £1,308 | +£505 | Buy £83,567 |
Average rent and house prices in North Kesteven
The ONS average private rent in North Kesteven is £824 a month (Aug 2026, provisional), up 5.9% on a year earlier. The median price paid is £242,500 (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 £2,078 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in North Kesteven: FAQs
Is it cheaper to rent or buy in North Kesteven?
For a 2-bed home in North Kesteven, owning costs about £1,242 a month and renting about £931, both including council tax. Buying leaves you £46,253 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 Kesteven?
The ONS average private rent in North Kesteven is £824 a month across all home sizes (Aug 2026, provisional), with £580 for 1 bed, £758 for 2 bed, £922 for 3 bed, £1,308 for 4 or more bed. Rents rose 5.9% over the past year.
What is the average house price in North Kesteven?
The median price paid in North Kesteven is £242,500 (ONS median price paid, year ending Mar 2026). The calculator uses £175,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in North Kesteven?
A first-time buyer paying £175,000 would pay £0 in SDLT. With a 10% deposit of £17,500, the cash needed on day one is about £17,500.
What is the price-to-rent ratio in North Kesteven?
About 19.2: the 2-bed price is 19.2 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in North Kesteven?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £83,567 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.