Rent vs buy calculator · England
Rent vs buy in Peterborough: is it cheaper to rent or buy?
Buying leaves you £50,686 better off after 7 years. Owning a 2-bed terraced house costs about £1,329 a month, against £1,065 to rent the same size home.
- After 7 years
- Buy +£50,686
- Difference in net wealth
- Monthly cost to own
- £1,329
- Mortgage £980, of which £296 is capital
- Monthly cost to rent
- £1,065
- Rent £895 plus council tax
- Median price
- £190,000
- terraced house
- Cash needed to buy
- £19,000
- £19,000 deposit + £0 SDLT
- Price-to-rent ratio
- 17.7
- Price divided by a year of rent
Renting vs buying in Peterborough by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £125,000 | £710 | +£60 | Buy £47,374 |
| 2 bed | £190,000 | £895 | +£264 | Buy £50,686 |
| 3 bed | £240,000 | £1,079 | +£380 | Buy £58,771 |
| 4+ bed | £345,000 | £1,555 | +£532 | Buy £83,806 |
Average rent and house prices in Peterborough
The ONS average private rent in Peterborough is £1,012 a month (Aug 2026, provisional), up 4.9% 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 £2,039 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Peterborough: FAQs
Is it cheaper to rent or buy in Peterborough?
For a 2-bed home in Peterborough, owning costs about £1,329 a month and renting about £1,065, both including council tax. Buying leaves you £50,686 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 Peterborough?
The ONS average private rent in Peterborough is £1,012 a month across all home sizes (Aug 2026, provisional), with £710 for 1 bed, £895 for 2 bed, £1,079 for 3 bed, £1,555 for 4 or more bed. Rents rose 4.9% over the past year.
What is the average house price in Peterborough?
The median price paid in Peterborough is £242,500 (ONS median price paid, year ending Mar 2026). The calculator uses £190,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Peterborough?
A first-time buyer paying £190,000 would pay £0 in SDLT. With a 10% deposit of £19,000, the cash needed on day one is about £19,000.
What is the price-to-rent ratio in Peterborough?
About 17.7: the 2-bed price is 17.7 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Peterborough?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £83,806 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.