Rent vs buy calculator · England
Rent vs buy in Wandsworth: is it cheaper to rent or buy?
Renting leaves you £126,868 better off after 7 years. Owning a 2-bed terraced house costs about £6,821 a month, against £2,539 to rent the same size home.
- After 7 years
- Rent +£126,868
- Difference in net wealth
- Monthly cost to own
- £6,821
- Mortgage £5,789, of which £1,748 is capital
- Monthly cost to rent
- £2,539
- Rent £2,463 plus council tax
- Median price
- £1,122,500
- terraced house
- Cash needed to buy
- £168,250
- £112,250 deposit + £56,000 SDLT
- Price-to-rent ratio
- 38.0
- Price divided by a year of rent
Renting vs buying in Wandsworth by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £530,000 | £1,938 | +£1,258 | Buy £41,948 |
| 2 bed | £1,122,500 | £2,463 | +£4,282 | Rent £126,868 |
| 3 bed | £1,476,000 | £2,810 | +£6,053 | Rent £240,531 |
| 4+ bed | £2,650,000 | £3,818 | +£12,077 | Rent £669,974 |
Average rent and house prices in Wandsworth
The ONS average private rent in Wandsworth is £2,632 a month (Aug 2026, provisional), up 4.2% on a year earlier. The median price paid is £670,000 (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 £914 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Wandsworth: FAQs
Is it cheaper to rent or buy in Wandsworth?
For a 2-bed home in Wandsworth, owning costs about £6,821 a month and renting about £2,539, both including council tax. Renting leaves you £126,868 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 Wandsworth?
The ONS average private rent in Wandsworth is £2,632 a month across all home sizes (Aug 2026, provisional), with £1,938 for 1 bed, £2,463 for 2 bed, £2,810 for 3 bed, £3,818 for 4 or more bed. Rents rose 4.2% over the past year.
What is the average house price in Wandsworth?
The median price paid in Wandsworth is £670,000 (ONS median price paid, year ending Mar 2026). The calculator uses £1,122,500 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Wandsworth?
A first-time buyer paying £1,122,500 would pay £56,000 in SDLT. With a 10% deposit of £112,250, the cash needed on day one is about £168,250.
What is the price-to-rent ratio in Wandsworth?
About 38.0: the 2-bed price is 38.0 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Wandsworth?
On the default assumptions, a 1-bed home gives buying its strongest position: buying ahead by £41,948 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.