Rent vs buy calculator · Wales
Rent vs buy in Conwy: is it cheaper to rent or buy?
Buying leaves you £22,562 better off after 7 years. Owning a 2-bed terraced house costs about £1,186 a month, against £917 to rent the same size home.
- After 7 years
- Buy +£22,562
- Difference in net wealth
- Monthly cost to own
- £1,186
- Mortgage £846, of which £255 is capital
- Monthly cost to rent
- £917
- Rent £734 plus council tax
- Median price
- £164,000
- terraced house
- Cash needed to buy
- £16,400
- £16,400 deposit + £0 LTT
- Price-to-rent ratio
- 18.6
- Price divided by a year of rent
Renting vs buying in Conwy by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £135,000 | £588 | +£242 | Buy £16,243 |
| 2 bed | £164,000 | £734 | +£269 | Buy £22,562 |
| 3 bed | £210,000 | £862 | +£417 | Buy £20,528 |
| 4+ bed | £307,000 | £1,233 | +£627 | Buy £21,714 |
Average rent and house prices in Conwy
The ONS average private rent in Conwy is £796 a month (Aug 2026, provisional), up 2.6% on a year earlier. The median price paid is £215,000 (ONS median price paid, year ending Mar 2026).
Default scenario: 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%. Council tax is £2,198 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Conwy: FAQs
Is it cheaper to rent or buy in Conwy?
For a 2-bed home in Conwy, owning costs about £1,186 a month and renting about £917, both including council tax. Buying leaves you £22,562 better off after 7 years. This assumes a 2-bed home, 7 years stay, 10% deposit, 4.80% fixed mortgage, monthly difference invested in a S&S ISA at 7.5%.
What is the average rent in Conwy?
The ONS average private rent in Conwy is £796 a month across all home sizes (Aug 2026, provisional), with £588 for 1 bed, £734 for 2 bed, £862 for 3 bed, £1,233 for 4 or more bed. Rents rose 2.6% over the past year.
What is the average house price in Conwy?
The median price paid in Conwy is £215,000 (ONS median price paid, year ending Mar 2026). The calculator uses £164,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Conwy?
A first-time buyer paying £164,000 would pay £0 in LTT. With a 10% deposit of £16,400, the cash needed on day one is about £16,400.
What is the price-to-rent ratio in Conwy?
About 18.6: the 2-bed price is 18.6 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Conwy?
On the default assumptions, a 2-bed home gives buying its strongest position: buying ahead by £22,562 after 7 years.
Areas with a similar price-to-rent ratio
Compare with the Wales average or browse every local authority.