Rent vs buy calculator · England
Rent vs buy in Teignbridge: is it cheaper to rent or buy?
Buying leaves you £20,783 better off after 7 years. Owning a 2-bed terraced house costs about £1,638 a month, against £1,065 to rent the same size home.
- After 7 years
- Buy +£20,783
- Difference in net wealth
- Monthly cost to own
- £1,638
- Mortgage £1,223, of which £369 is capital
- Monthly cost to rent
- £1,065
- Rent £869 plus council tax
- Median price
- £237,250
- terraced house
- Cash needed to buy
- £23,725
- £23,725 deposit + £0 SDLT
- Price-to-rent ratio
- 22.8
- Price divided by a year of rent
Renting vs buying in Teignbridge by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £156,000 | £655 | +£300 | Buy £22,417 |
| 2 bed | £237,250 | £869 | +£573 | Buy £20,783 |
| 3 bed | £295,000 | £1,086 | +£702 | Buy £27,776 |
| 4+ bed | £425,000 | £1,556 | +£1,011 | Buy £31,702 |
Average rent and house prices in Teignbridge
The ONS average private rent in Teignbridge is £961 a month (Aug 2026, provisional), up 3.6% on a year earlier. The median price paid is £295,000 (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 £2,349 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Teignbridge: FAQs
Is it cheaper to rent or buy in Teignbridge?
For a 2-bed home in Teignbridge, owning costs about £1,638 a month and renting about £1,065, both including council tax. Buying leaves you £20,783 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 Teignbridge?
The ONS average private rent in Teignbridge is £961 a month across all home sizes (Aug 2026, provisional), with £655 for 1 bed, £869 for 2 bed, £1,086 for 3 bed, £1,556 for 4 or more bed. Rents rose 3.6% over the past year.
What is the average house price in Teignbridge?
The median price paid in Teignbridge is £295,000 (ONS median price paid, year ending Mar 2026). The calculator uses £237,250 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Teignbridge?
A first-time buyer paying £237,250 would pay £0 in SDLT. With a 10% deposit of £23,725, the cash needed on day one is about £23,725.
What is the price-to-rent ratio in Teignbridge?
About 22.8: the 2-bed price is 22.8 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Teignbridge?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £31,702 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.