Buy or rent / Newcastle upon Tyne
Buy or rent in Newcastle upon Tyne?
A typical home in Newcastle upon Tyne costs around £190,000, and renting one costs around £950 a month. That's 16.7 years of rent to buy outright. A first-time buyer with a 15% deposit would need £30,650 in cash, including £0 of Stamp Duty. Over 10 years, with the calculator's starting assumptions, buying comes out £37,259 ahead.
These local figures are rough starting points, last updated 16 October 2026. Change them to match the homes you're actually looking at.
£
%
£28,500
£/month
After 10 years
Buying leaves you £37,259 better off
Buying gets ahead of renting in year 2, after selling costs. Renting here assumes you invest whatever buying would have cost you extra.
- Cash needed to buy
- £30,650Deposit £28,500, Stamp Duty £0, fees £2,150
- First month's costs
- £1,489 vs £1,120Buying (mortgage £1,041 plus running costs) vs renting
| Scenario | Better off after 10 yrs | Buying ahead from |
|---|---|---|
| Your assumptions | Buying by £37,259 | Year 2 |
| Mortgage rates 1.5 points higher | Buying by £6,639 | Year 5 |
| House prices don't grow | Renting by £35,156 | Not within the period |
| Rent rises 2.5 points faster | Buying by £57,289 | Year 2 |
| Investments return 2 points less | Buying by £51,429 | Year 2 |