Rent vs buy calculator · England
Rent vs buy in Wyre: is it cheaper to rent or buy?
Buying leaves you £58,940 better off after 7 years. Owning a 2-bed terraced house costs about £994 a month, against £899 to rent the same size home.
- After 7 years
- Buy +£58,940
- Difference in net wealth
- Monthly cost to own
- £994
- Mortgage £681, of which £206 is capital
- Monthly cost to rent
- £899
- Rent £717 plus council tax
- Median price
- £132,000
- terraced house
- Cash needed to buy
- £13,200
- £13,200 deposit + £0 SDLT
- Price-to-rent ratio
- 15.3
- Price divided by a year of rent
Renting vs buying in Wyre by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £93,750 | £527 | +£55 | Buy £43,426 |
| 2 bed | £132,000 | £717 | +£95 | Buy £58,940 |
| 3 bed | £185,000 | £854 | +£275 | Buy £64,378 |
| 4+ bed | £308,975 | £1,242 | +£630 | Buy £86,568 |
Average rent and house prices in Wyre
The ONS average private rent in Wyre is £743 a month (Aug 2026, provisional), up 6.9% on a year earlier. The median price paid is £190,000 (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 £2,187 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Wyre: FAQs
Is it cheaper to rent or buy in Wyre?
For a 2-bed home in Wyre, owning costs about £994 a month and renting about £899, both including council tax. Buying leaves you £58,940 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 Wyre?
The ONS average private rent in Wyre is £743 a month across all home sizes (Aug 2026, provisional), with £527 for 1 bed, £717 for 2 bed, £854 for 3 bed, £1,242 for 4 or more bed. Rents rose 6.9% over the past year.
What is the average house price in Wyre?
The median price paid in Wyre is £190,000 (ONS median price paid, year ending Mar 2026). The calculator uses £132,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Wyre?
A first-time buyer paying £132,000 would pay £0 in SDLT. With a 10% deposit of £13,200, the cash needed on day one is about £13,200.
What is the price-to-rent ratio in Wyre?
About 15.3: the 2-bed price is 15.3 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Wyre?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £86,568 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.