Rent vs buy calculator · England
Rent vs buy in Torridge: is it cheaper to rent or buy?
Renting and buying finish within £3,646 of each other after 7 years: too close to call. Owning a 2-bed terraced house costs about £1,442 a month, against £932 to rent the same size home.
- After 7 years
- Close +£3,646
- Difference in net wealth
- Monthly cost to own
- £1,442
- Mortgage £1,057, of which £319 is capital
- Monthly cost to rent
- £932
- Rent £739 plus council tax
- Median price
- £205,000
- terraced house
- Cash needed to buy
- £20,500
- £20,500 deposit + £0 SDLT
- Price-to-rent ratio
- 23.1
- Price divided by a year of rent
Renting vs buying in Torridge by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £135,000 | £565 | +£265 | Buy £10,583 |
| 2 bed | £205,000 | £739 | +£510 | Close £3,646 |
| 3 bed | £259,950 | £908 | +£670 | Close £2,692 |
| 4+ bed | £375,000 | £1,269 | +£998 | Close £4,258 |
Average rent and house prices in Torridge
The ONS average private rent in Torridge is £789 a month (Aug 2026, provisional), up 2.1% on a year earlier. The median price paid is £270,000 (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 £2,312 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Torridge: FAQs
Is it cheaper to rent or buy in Torridge?
For a 2-bed home in Torridge, owning costs about £1,442 a month and renting about £932, both including council tax. Renting and buying finish within £3,646 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 Torridge?
The ONS average private rent in Torridge is £789 a month across all home sizes (Aug 2026, provisional), with £565 for 1 bed, £739 for 2 bed, £908 for 3 bed, £1,269 for 4 or more bed. Rents rose 2.1% over the past year.
What is the average house price in Torridge?
The median price paid in Torridge is £270,000 (ONS median price paid, year ending Mar 2026). The calculator uses £205,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Torridge?
A first-time buyer paying £205,000 would pay £0 in SDLT. With a 10% deposit of £20,500, the cash needed on day one is about £20,500.
What is the price-to-rent ratio in Torridge?
About 23.1: the 2-bed price is 23.1 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Torridge?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £10,583 after 7 years.
How many years until buying pays off in Torridge?
The lead first changes hands in year 5 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.