Rent vs buy calculator · England
Rent vs buy in Reigate and Banstead: is it cheaper to rent or buy?
Renting and buying finish within £3,770 of each other after 7 years: too close to call. Owning a 2-bed terraced house costs about £2,817 a month, against £1,673 to rent the same size home.
- After 7 years
- Close +£3,770
- Difference in net wealth
- Monthly cost to own
- £2,817
- Mortgage £2,243, of which £677 is capital
- Monthly cost to rent
- £1,673
- Rent £1,483 plus council tax
- Median price
- £435,000
- terraced house
- Cash needed to buy
- £50,250
- £43,500 deposit + £6,750 SDLT
- Price-to-rent ratio
- 24.4
- Price divided by a year of rent
Renting vs buying in Reigate and Banstead by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £265,000 | £1,142 | +£466 | Buy £29,512 |
| 2 bed | £435,000 | £1,483 | +£1,144 | Close £3,770 |
| 3 bed | £540,000 | £1,818 | +£1,438 | Rent £19,335 |
| 4+ bed | £837,500 | £2,559 | +£2,479 | Rent £63,639 |
Average rent and house prices in Reigate and Banstead
The ONS average private rent in Reigate and Banstead is £1,640 a month (Aug 2026, provisional), up 2.3% on a year earlier. The median price paid is £475,000 (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 £2,281 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Reigate and Banstead: FAQs
Is it cheaper to rent or buy in Reigate and Banstead?
For a 2-bed home in Reigate and Banstead, owning costs about £2,817 a month and renting about £1,673, both including council tax. Renting and buying finish within £3,770 of each other after 7 years: too close to call. 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 Reigate and Banstead?
The ONS average private rent in Reigate and Banstead is £1,640 a month across all home sizes (Aug 2026, provisional), with £1,142 for 1 bed, £1,483 for 2 bed, £1,818 for 3 bed, £2,559 for 4 or more bed. Rents rose 2.3% over the past year.
What is the average house price in Reigate and Banstead?
The median price paid in Reigate and Banstead is £475,000 (ONS median price paid, year ending Mar 2026). The calculator uses £435,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Reigate and Banstead?
A first-time buyer paying £435,000 would pay £6,750 in SDLT. With a 10% deposit of £43,500, the cash needed on day one is about £50,250.
What is the price-to-rent ratio in Reigate and Banstead?
About 24.4: the 2-bed price is 24.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Reigate and Banstead?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £29,512 after 7 years.
How many years until buying pays off in Reigate and Banstead?
The lead first changes hands in year 11 on the default settings. Staying longer spreads stamp duty and selling costs over more years.
Areas with a similar price-to-rent ratio
Browse every local authority.