Rent vs buy calculator · England
Rent vs buy in South Kesteven: is it cheaper to rent or buy?
Buying leaves you £6,433 better off after 7 years. Owning a 2-bed terraced house costs about £1,359 a month, against £923 to rent the same size home.
- After 7 years
- Buy +£6,433
- Difference in net wealth
- Monthly cost to own
- £1,359
- Mortgage £1,008, of which £304 is capital
- Monthly cost to rent
- £923
- Rent £756 plus council tax
- Median price
- £195,500
- terraced house
- Cash needed to buy
- £19,550
- £19,550 deposit + £0 SDLT
- Price-to-rent ratio
- 21.5
- Price divided by a year of rent
Renting vs buying in South Kesteven by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £124,000 | £585 | +£179 | Buy £15,402 |
| 2 bed | £195,500 | £756 | +£436 | Buy £6,433 |
| 3 bed | £228,000 | £914 | +£473 | Buy £12,041 |
| 4+ bed | £348,000 | £1,320 | +£785 | Buy £8,879 |
Average rent and house prices in South Kesteven
The ONS average private rent in South Kesteven is £845 a month (Aug 2026, provisional), up 1.8% on a year earlier. The median price paid is £257,250 (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 £2,009 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in South Kesteven: FAQs
Is it cheaper to rent or buy in South Kesteven?
For a 2-bed home in South Kesteven, owning costs about £1,359 a month and renting about £923, both including council tax. Buying leaves you £6,433 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 South Kesteven?
The ONS average private rent in South Kesteven is £845 a month across all home sizes (Aug 2026, provisional), with £585 for 1 bed, £756 for 2 bed, £914 for 3 bed, £1,320 for 4 or more bed. Rents rose 1.8% over the past year.
What is the average house price in South Kesteven?
The median price paid in South Kesteven is £257,250 (ONS median price paid, year ending Mar 2026). The calculator uses £195,500 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in South Kesteven?
A first-time buyer paying £195,500 would pay £0 in SDLT. With a 10% deposit of £19,550, the cash needed on day one is about £19,550.
What is the price-to-rent ratio in South Kesteven?
About 21.5: the 2-bed price is 21.5 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in South Kesteven?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £15,402 after 7 years.
How many years until buying pays off in South Kesteven?
The lead first changes hands in year 4 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.