Rent vs buy calculator · England
Rent vs buy in Wyre Forest: is it cheaper to rent or buy?
Renting leaves you £25,287 better off after 7 years. Owning a 2-bed terraced house costs about £1,360 a month, against £927 to rent the same size home.
- After 7 years
- Rent +£25,287
- Difference in net wealth
- Monthly cost to own
- £1,360
- Mortgage £993, of which £300 is capital
- Monthly cost to rent
- £927
- Rent £741 plus council tax
- Median price
- £192,500
- terraced house
- Cash needed to buy
- £19,250
- £19,250 deposit + £0 SDLT
- Price-to-rent ratio
- 21.6
- Price divided by a year of rent
Renting vs buying in Wyre Forest by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £125,000 | £584 | +£186 | Rent £6,262 |
| 2 bed | £192,500 | £741 | +£433 | Rent £25,287 |
| 3 bed | £246,000 | £897 | +£597 | Rent £36,219 |
| 4+ bed | £360,000 | £1,240 | +£937 | Rent £62,857 |
Average rent and house prices in Wyre Forest
The ONS average private rent in Wyre Forest is £825 a month (Aug 2026, provisional), up -2.4% on a year earlier. The median price paid is £250,000 (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 £2,233 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Wyre Forest: FAQs
Is it cheaper to rent or buy in Wyre Forest?
For a 2-bed home in Wyre Forest, owning costs about £1,360 a month and renting about £927, both including council tax. Renting leaves you £25,287 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 Forest?
The ONS average private rent in Wyre Forest is £825 a month across all home sizes (Aug 2026, provisional), with £584 for 1 bed, £741 for 2 bed, £897 for 3 bed, £1,240 for 4 or more bed. Rents rose -2.4% over the past year.
What is the average house price in Wyre Forest?
The median price paid in Wyre Forest is £250,000 (ONS median price paid, year ending Mar 2026). The calculator uses £192,500 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Wyre Forest?
A first-time buyer paying £192,500 would pay £0 in SDLT. With a 10% deposit of £19,250, the cash needed on day one is about £19,250.
What is the price-to-rent ratio in Wyre Forest?
About 21.6: the 2-bed price is 21.6 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Wyre Forest?
On the default assumptions, a 1-bed home gives buying its strongest position: renting still ahead by £6,262 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.