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Rent vs Buy: £300,000 Property vs £1,500 Rent

Comparing a £300,000 property (10% deposit, 4.8% mortgage rate) against £1,500 monthly rent, over 10 years, under typical growth assumptions.

Buying looks cheaper by

£134,701

Estimated Cost of Buying£58,116
Estimated Cost of Renting−£192,818
Estimated Property Value£404,806
Mortgage Equity£206,566
Break-Even Point1 year, 4 months

Change the assumptions

The figures above use typical assumptions. Use the full calculator to try your own deposit, rate, growth rates and time horizon.

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Rent vs Buy

Buying Looks Cheaper By

£91,479

Estimated Cost of Buying£58,116
Estimated Cost of Renting−£149,596
Estimated Property Value£404,806
Mortgage Equity£206,566
Break-Even Point2 years

This compares net cash position, not just rent versus mortgage payment: buying nets off mortgage equity and property growth against everything you've spent (deposit, costs, mortgage, maintenance), while renting nets off any investment growth on the deposit money against rent paid. Real markets, rates and rents don't move in a straight line, so treat this as an illustration of the trade-off, not a prediction.

About this comparison

This assumes a 10% deposit, a 4.8% mortgage rate over a 25-year term, 3% annual house price growth, 4% annual rent growth, and 1% annual maintenance costs. None of these are guaranteed - real markets move unevenly, so treat this as an illustration of the trade-off, not a forecast.