Rent vs buy calculator · England
Rent vs buy in Tendring: is it cheaper to rent or buy?
Buying leaves you £47,156 better off after 7 years. Owning a 2-bed terraced house costs about £1,453 a month, against £1,143 to rent the same size home.
- After 7 years
- Buy +£47,156
- Difference in net wealth
- Monthly cost to own
- £1,453
- Mortgage £1,088, of which £329 is capital
- Monthly cost to rent
- £1,143
- Rent £975 plus council tax
- Median price
- £211,000
- terraced house
- Cash needed to buy
- £21,100
- £21,100 deposit + £0 SDLT
- Price-to-rent ratio
- 18.0
- Price divided by a year of rent
Renting vs buying in Tendring by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £148,500 | £758 | +£152 | Buy £41,154 |
| 2 bed | £211,000 | £975 | +£310 | Buy £47,156 |
| 3 bed | £260,000 | £1,186 | +£392 | Buy £57,482 |
| 4+ bed | £365,000 | £1,586 | +£621 | Buy £68,384 |
Average rent and house prices in Tendring
The ONS average private rent in Tendring is £1,053 a month (Aug 2026, provisional), up 4.1% on a year earlier. The median price paid is £280,000 (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 £2,017 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Tendring: FAQs
Is it cheaper to rent or buy in Tendring?
For a 2-bed home in Tendring, owning costs about £1,453 a month and renting about £1,143, both including council tax. Buying leaves you £47,156 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 Tendring?
The ONS average private rent in Tendring is £1,053 a month across all home sizes (Aug 2026, provisional), with £758 for 1 bed, £975 for 2 bed, £1,186 for 3 bed, £1,586 for 4 or more bed. Rents rose 4.1% over the past year.
What is the average house price in Tendring?
The median price paid in Tendring is £280,000 (ONS median price paid, year ending Mar 2026). The calculator uses £211,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Tendring?
A first-time buyer paying £211,000 would pay £0 in SDLT. With a 10% deposit of £21,100, the cash needed on day one is about £21,100.
What is the price-to-rent ratio in Tendring?
About 18.0: the 2-bed price is 18.0 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Tendring?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £68,384 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.