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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

Efficient, helpful and reliable. An excellent service in a convenient location.

5 Stars

Fantastic service from initial contact to locking the unit. Really clean storage, plenty of useful wheels and trolleys for moving kit around. There’s even a shower if needed.

5 Stars

Professional and helpful throughout. Good advice and clear information provided by friendly committed staff

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

Removals & Storage:
01423 625 000

Van Hire: 01423 625 000
Email Harrogate

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

Wakefield

The Storage Centre, Kirkgate,
Wakefield WF1 1UW

Removals, Storage & Shredding:
01924 663 555
Email Wakefield

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

    Removals & Storage
    01484 799 599
    Email Huddersfield

    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

    Removals & Storage:
    01904 238 333

    Van Hire: 01904 238 333
    Email York

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