Buy or rent / Sheffield
Buy or rent in Sheffield?
A typical home in Sheffield costs around £215,000, and renting one costs around £975 a month. That's 18.4 years of rent to buy outright. A first-time buyer with a 15% deposit would need £34,400 in cash, including £0 of Stamp Duty. Over 10 years, with the calculator's starting assumptions, buying comes out £25,556 ahead.
These local figures are rough starting points, last updated 16 October 2026. Change them to match the homes you're actually looking at.
£
%
£32,250
£/month
After 10 years
Buying leaves you £25,556 better off
Buying gets ahead of renting in year 3, after selling costs. Renting here assumes you invest whatever buying would have cost you extra.
- Cash needed to buy
- £34,400Deposit £32,250, Stamp Duty £0, fees £2,150
- First month's costs
- £1,647 vs £1,140Buying (mortgage £1,177 plus running costs) vs renting
| Scenario | Better off after 10 yrs | Buying ahead from |
|---|---|---|
| Your assumptions | Buying by £25,556 | Year 3 |
| Mortgage rates 1.5 points higher | Renting by £9,094 | Not within the period |
| House prices don't grow | Renting by £56,388 | Not within the period |
| Rent rises 2.5 points faster | Buying by £46,113 | Year 3 |
| Investments return 2 points less | Buying by £43,098 | Year 2 |