Rent vs buy calculator · England
Rent vs buy in Greenwich: is it cheaper to rent or buy?
Buying leaves you £102,627 better off after 7 years. Owning a 2-bed terraced house costs about £3,142 a month, against £2,088 to rent the same size home.
- After 7 years
- Buy +£102,627
- Difference in net wealth
- Monthly cost to own
- £3,142
- Mortgage £2,553, of which £771 is capital
- Monthly cost to rent
- £2,088
- Rent £1,932 plus council tax
- Median price
- £495,000
- terraced house
- Cash needed to buy
- £59,250
- £49,500 deposit + £9,750 SDLT
- Price-to-rent ratio
- 21.4
- Price divided by a year of rent
Renting vs buying in Greenwich by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £375,000 | £1,563 | +£704 | Buy £94,391 |
| 2 bed | £495,000 | £1,932 | +£1,054 | Buy £102,627 |
| 3 bed | £573,000 | £2,242 | +£1,211 | Buy £108,978 |
| 4+ bed | £797,500 | £3,001 | +£1,797 | Buy £132,908 |
Average rent and house prices in Greenwich
The ONS average private rent in Greenwich is £1,995 a month (Aug 2026, provisional), up 6.1% on a year earlier. The median price paid is £451,000 (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 £1,874 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Greenwich: FAQs
Is it cheaper to rent or buy in Greenwich?
For a 2-bed home in Greenwich, owning costs about £3,142 a month and renting about £2,088, both including council tax. Buying leaves you £102,627 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 Greenwich?
The ONS average private rent in Greenwich is £1,995 a month across all home sizes (Aug 2026, provisional), with £1,563 for 1 bed, £1,932 for 2 bed, £2,242 for 3 bed, £3,001 for 4 or more bed. Rents rose 6.1% over the past year.
What is the average house price in Greenwich?
The median price paid in Greenwich is £451,000 (ONS median price paid, year ending Mar 2026). The calculator uses £495,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Greenwich?
A first-time buyer paying £495,000 would pay £9,750 in SDLT. With a 10% deposit of £49,500, the cash needed on day one is about £59,250.
What is the price-to-rent ratio in Greenwich?
About 21.4: the 2-bed price is 21.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Greenwich?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £132,908 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.