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Buying Vs Rented

Written by on November 4, 2015

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To buy or to rent – that is the question

According to a recent news report, buying a property is more cost-effective than renting in a third of British cities.

 

Property portal Zoopla analysed the cost of renting a two bedroom home compared with buying it and paying a monthly mortgage (with a 10 per cent deposit to put down).

 

In 36 per cent of cities, it’s more effective to buy (although conversely that means in 64 per cent, it’s cheaper to rent!)

 

In the top 10 locations where buying beats renting, Hull, Rotherham, Bradford and Sheffield all made the list. For example, in Bradford, it would cost £452 to rent an average two bed home, whereas it would cost £422 on a mortgage repayment.

 

York was the only Yorkshire city in the top 10 places where it’s more cost effective to rent than buy – with monthly costs of £796 for renting and £914 to buy.

 

Perhaps unsurprisingly, London topped the list of places where it was cheaper to rent – saving around £13,000 a year. But given London has just overthrown New York as having the world’s premier housing market, that’s no wonder.

 

Something to consider anyway, when planning your next move!

 

Testimonials

Jodie and Sarah were fantastic. They managed to sort out a storage unit for me straight away and even stayed after they should have shut to help me out. I would have been absolutely stuck if they hadn’t gone the extra mile.
It’s rare these days to get that level of service. MASSIVE thank you.

5 Stars

Really good service and would recommend them without hesitation

5 Stars

The staff are friendly and helpful (Huddersfield). My belonging are very safe and secure with loads of cameras and you can't enter without a person code. The storage rooms are nice and dry so all the stuff are safe from damp and mold ect.
I would definitely recommend and the price was great.

5 Stars
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Contact Us

Leeds

The Storage Centre, Meanwood Road,
Leeds LS7 2AH

Removals:
0113 262 3000 /
0113 262 4000
Email Leeds removals

Storage: 0113 26 26 500
Email Leeds storage

Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00
Bank Holidays: 10.00 to 14.00

Harrogate

The Storage Centre, Ripon Road,
Harrogate HG1 2BS

Self Store
01423 625 000

Van Hire: 01423 625 000
Email

Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00

Wakefield

The Storage Centre, Kirkgate,
Wakefield WF1 1UW

Self Store
01924 566 939
Email

Opening Hours:
Monday-Friday: 08.00 to 17.30
Saturday: 09.00 to 16.00




    Huddersfield

    McCarthy's Storage World
    Phoenix Retail Park
    Leeds Road
    Huddersfield
    West Yorkshire
    HD1 6NE

    Self Store
    01484 248 006
    Email

    Opening Hours:
    Monday-Friday: 08.00 to 17.30
    Saturday: 09.00 to 16.00
    Bank Holidays: 10.00 to 15.00

    York

    McCarthy's Storage World
    Water lane
    York
    YO30 6PQ

    Self Store:
    01904 221 600

    Van Hire: 01904 238 333
    Email

    Opening Hours:
    Monday-Friday: 08.00 to 17.30
    Saturday: 09.00 to 16.00
    Sunday: 09:00 to 14:00