Rent vs buy calculator · Wales
Rent vs buy in Gwynedd: is it cheaper to rent or buy?
Buying leaves you £49,492 better off after 7 years. Owning a 2-bed terraced house costs about £1,114 a month, against £859 to rent the same size home.
- After 7 years
- Buy +£49,492
- Difference in net wealth
- Monthly cost to own
- £1,114
- Mortgage £784, of which £237 is capital
- Monthly cost to rent
- £859
- Rent £676 plus council tax
- Median price
- £152,000
- terraced house
- Cash needed to buy
- £15,200
- £15,200 deposit + £0 LTT
- Price-to-rent ratio
- 18.7
- Price divided by a year of rent
Renting vs buying in Gwynedd by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £105,000 | £559 | +£91 | Buy £45,161 |
| 2 bed | £152,000 | £676 | +£255 | Buy £49,492 |
| 3 bed | £206,750 | £804 | +£455 | Buy £53,615 |
| 4+ bed | £300,000 | £1,055 | +£763 | Buy £59,184 |
Average rent and house prices in Gwynedd
The ONS average private rent in Gwynedd is £724 a month (Aug 2026, provisional), up 6.9% on a year earlier. The median price paid is £195,000 (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 £2,194 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Gwynedd: FAQs
Is it cheaper to rent or buy in Gwynedd?
For a 2-bed home in Gwynedd, owning costs about £1,114 a month and renting about £859, both including council tax. Buying leaves you £49,492 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 Gwynedd?
The ONS average private rent in Gwynedd is £724 a month across all home sizes (Aug 2026, provisional), with £559 for 1 bed, £676 for 2 bed, £804 for 3 bed, £1,055 for 4 or more bed. Rents rose 6.9% over the past year.
What is the average house price in Gwynedd?
The median price paid in Gwynedd is £195,000 (ONS median price paid, year ending Mar 2026). The calculator uses £152,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Gwynedd?
A first-time buyer paying £152,000 would pay £0 in LTT. With a 10% deposit of £15,200, the cash needed on day one is about £15,200.
What is the price-to-rent ratio in Gwynedd?
About 18.7: the 2-bed price is 18.7 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Gwynedd?
On the default assumptions, a 4+-bed home gives buying its strongest position: buying ahead by £59,184 after 7 years.
Areas with a similar price-to-rent ratio
Compare with the Wales average or browse every local authority.