It can be pricey, depending on which year it is. The first renewal can be done in the sim but the second renewal must be done in the actual aircraft. It alternates annualy thereafter. Sim time(£100 to 150 and hour) is obviously significantly cheaper than a multi piston at £350 to £400 an hour!!
There is also the examiner fee to add to the cost. Some charge more than others but roughly £150 to £200 as a ballpark fee. The aircaft or sim hire, is obviously on top of that.