Rent vs buy calculator · England
Rent vs buy in Woking: is it cheaper to rent or buy?
Renting leaves you £56,026 better off after 7 years. Owning a 2-bed terraced house costs about £2,639 a month, against £1,635 to rent the same size home.
- After 7 years
- Rent +£56,026
- Difference in net wealth
- Monthly cost to own
- £2,639
- Mortgage £2,089, of which £631 is capital
- Monthly cost to rent
- £1,635
- Rent £1,443 plus council tax
- Median price
- £405,000
- terraced house
- Cash needed to buy
- £45,750
- £40,500 deposit + £5,250 SDLT
- Price-to-rent ratio
- 23.4
- Price divided by a year of rent
Renting vs buying in Woking by home size
| Bedrooms | Price | Rent / mo | Owning vs renting / mo | After 7 yrs |
|---|---|---|---|---|
| 1 bed | £252,500 | £1,133 | +£400 | Rent £6,842 |
| 2 bed | £405,000 | £1,443 | +£1,004 | Rent £56,026 |
| 3 bed | £480,000 | £1,760 | +£1,136 | Rent £64,361 |
| 4+ bed | £807,000 | £2,692 | +£2,163 | Rent £155,221 |
Average rent and house prices in Woking
The ONS average private rent in Woking is £1,620 a month (Aug 2026, provisional), up -1.6% on a year earlier. The median price paid is £441,875 (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 £2,309 a year (Band C) and is paid whether you rent or buy, so it does not change the verdict.
Renting or buying in Woking: FAQs
Is it cheaper to rent or buy in Woking?
For a 2-bed home in Woking, owning costs about £2,639 a month and renting about £1,635, both including council tax. Renting leaves you £56,026 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 Woking?
The ONS average private rent in Woking is £1,620 a month across all home sizes (Aug 2026, provisional), with £1,133 for 1 bed, £1,443 for 2 bed, £1,760 for 3 bed, £2,692 for 4 or more bed. Rents rose -1.6% over the past year.
What is the average house price in Woking?
The median price paid in Woking is £441,875 (ONS median price paid, year ending Mar 2026). The calculator uses £405,000 for a terraced house, the property type typical for a 2-bed home.
How much is stamp duty on an average home in Woking?
A first-time buyer paying £405,000 would pay £5,250 in SDLT. With a 10% deposit of £40,500, the cash needed on day one is about £45,750.
What is the price-to-rent ratio in Woking?
About 23.4: the 2-bed price is 23.4 times a year of rent. Higher ratios favour renting; lower ratios favour buying.
Which home size is best value to buy in Woking?
On the default assumptions, a 1-bed home gives buying its strongest position: renting still ahead by £6,842 after 7 years.
Areas with a similar price-to-rent ratio
Browse every local authority.