Rent vs buy calculator · England
Rent vs buy in Richmond upon Thames: is it cheaper to rent or buy?
Renting leaves you £53,494 better off after 7 years. Owning a 2-bed terraced house costs about £5,596 a month, against £2,406 to rent the same size home.
- After 7 years
- Rent +£53,494
- Difference in net wealth
- Monthly cost to own
- £5,596
- Mortgage £4,641, of which £1,401 is capital
- Monthly cost to rent
- £2,406
- Rent £2,222 plus council tax
- Median price
- £900,000
- terraced house
- Cash needed to buy
- £125,000
- £90,000 deposit + £35,000 SDLT
- Price-to-rent ratio
- 33.8
- Price divided by a year of rent
Renting vs buying in Richmond upon Thames by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £471,500 | £1,732 | +£1,113 | Buy £50,625 |
| 2 bed | £900,000 | £2,222 | +£3,190 | Rent £53,494 |
| 3 bed | £1,075,000 | £2,684 | +£3,776 | Rent £72,896 |
| 4+ bed | £1,600,000 | £3,907 | +£5,698 | Rent £158,872 |
Average rent and house prices in Richmond upon Thames
The ONS average private rent in Richmond upon Thames is £2,333 a month (Aug 2026, provisional), up 4.4% on a year earlier. The median price paid is £730,000 (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 £2,210 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Richmond upon Thames: FAQs
Is it cheaper to rent or buy in Richmond upon Thames?
For a 2-bed home in Richmond upon Thames, owning costs about £5,596 a month and renting about £2,406, both including council tax. Renting leaves you £53,494 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 Richmond upon Thames?
The ONS average private rent in Richmond upon Thames is £2,333 a month across all home sizes (Aug 2026, provisional), with £1,732 for 1 bed, £2,222 for 2 bed, £2,684 for 3 bed, £3,907 for 4 or more bed. Rents rose 4.4% over the past year.
What is the average house price in Richmond upon Thames?
The median price paid in Richmond upon Thames is £730,000 (ONS median price paid, year ending Mar 2026). The calculator uses £900,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Richmond upon Thames?
A first-time buyer paying £900,000 would pay £35,000 in SDLT. With a 10% deposit of £90,000, the cash needed on day one is about £125,000.
What is the price-to-rent ratio in Richmond upon Thames?
About 33.8: the 2-bed price is 33.8 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Richmond upon Thames?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £50,625 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.