The average cost of renting or buying a home in every London borough

New Homes & Property research shows you what your money will get, buying or renting, in London's 33 boroughs.

The annual increase of 18.5 per cent in London house prices brings the average buying price to £439,719, while average monthly rent in the city is £1,461, according to government figures.

Browse the type of homes you can expect to get for these average prices in each of the London boroughs. The results show that if you can afford the deposit, it appears that in most areas, buyers can do better for their money than renters. 


> IMAGE GALLERY: homes to rent for the average monthly cost of £1,461

> IMAGE GALLERY: what the London average of £439,719 buys in every borough

Buying vs Renting: in the borough of Barking and Dagenham


(Left) Rent: you get plenty of space for your money in one of the capital’s cheapest boroughs, including this three-bedroom semi-detached house in Barking, though the commute into central London will seem long. It’s £1,450 per calendar month.
(Right) Buy: this five-bedroom end-ofterrace house in Barking has a good-size garden and off-street parking. It’s £460,000.

Buying vs Renting: in the Royal Borough of Greenwich


(Top image) for New York style on a budget, a one-bedroom Royal Arsenal warehouse flat is £1,500 a month to rent. Or, (pictured above) if you are looking to buy, this waterside one-bedroom flat at New Capital Quay in Greenwich is for sale for £420,000


Buying vs Renting: Richmond upon Thames


(Top image) Rent: Security conscious? Try a two-bedroom flat in a gated development in Hampton Hill (£1,450pcm)
Buy: One-bedroom flats within half a mile from Richmond Station and its great shops and pubs (£425,000)


IMAGE GALLERY: what the London average of £439,719 buys in every borough


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