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Lambeth · report

Buy or rent in Lambeth

Owning and renting the average home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£2,538
Owning per month
£2,543

Try your own numbers

Starting from the average sale price of £540,198 and the average private rent of £2,538 a month in Lambeth, and a mortgage rate of 4.6%.

Assumptions
4.6
1
Buildings insurance, maintenance, and any service charge and ground rent. Council tax is paid by tenants too, so it is left out.
3
What the deposit and purchase costs could earn if invested instead.
7
Stamp duty (land transaction tax in Wales, LBTT in Scotland), conveyancing, survey and lender's fees, paid once.

Owning and renting cost about the same each month.

Rent a month
£2,538
Owning a month, not recovered
£2,543
Interest
£1,864
Running costs
£450
Return given up
£230
Cash out a month, if buying
£2,943

Gross rental yield in Lambeth

A year's rent as a share of the average sale price, month by month. Higher means rent is dear compared with buying.

Show the numbers
PeriodLambeth
Aug 20265.6%
Jul 20265.6%
Jun 20265.5%
May 20265.6%
Apr 20265.6%
Mar 20265.6%
Feb 20265.5%
Jan 20265.5%
Dec 20255.6%
Nov 20255.5%
Oct 20255.3%
Sep 20255.1%
Aug 20255.1%
Jul 20255.1%
Jun 20255.1%
May 20255.1%
Apr 20255.1%
Mar 20255.1%
Feb 20255.0%
Jan 20254.9%
Dec 20244.8%
Nov 20244.8%
Oct 20244.7%
Sep 20244.6%
Aug 20244.7%
Jul 20244.7%
Jun 20244.7%
May 20244.6%
Apr 20244.6%
Mar 20244.6%
Feb 20244.6%
Jan 20244.5%
Dec 20234.4%
Nov 20234.3%
Oct 20234.2%
Sep 20234.2%
Aug 20234.3%
Jul 20234.3%
Jun 20234.3%
May 20234.1%
Apr 20234.0%
Mar 20234.0%
Feb 20234.0%
Jan 20234.0%
Dec 20224.0%
Nov 20223.9%
Oct 20223.8%
Sep 20223.8%
Aug 20223.8%
Jul 20223.9%
Jun 20223.9%
May 20224.0%
Apr 20223.9%
Mar 20223.9%
Feb 20223.8%
Jan 20223.9%
Dec 20213.9%
Nov 20213.8%
Oct 20213.8%
Sep 20213.9%
Aug 20214.0%
Jul 20214.0%
Jun 20213.9%
May 20213.9%
Apr 20213.9%
Mar 20213.9%
Feb 20214.0%
Jan 20214.0%
Dec 20204.1%
Nov 20204.0%
Oct 20204.0%
Sep 20204.0%
Aug 20204.0%
Jul 20204.0%
Jun 20204.2%
May 20204.2%
Apr 20204.2%
Mar 20204.1%
Feb 20204.0%
Jan 20204.0%
Dec 20194.0%
Nov 20194.0%
Oct 20194.0%
Sep 20193.9%
Aug 20193.9%
Jul 20194.0%
Jun 20194.0%
May 20194.1%
Apr 20194.0%
Mar 20194.1%
Feb 20194.1%
Jan 20194.0%
Dec 20183.9%
Nov 20183.9%
Oct 20183.9%
Sep 20184.0%
Aug 20183.9%
Jul 20183.9%
Jun 20183.8%
May 20183.8%
Apr 20183.9%
Mar 20183.9%
Feb 20183.9%
Jan 20183.9%
Dec 20173.9%
Nov 20173.9%
Oct 20173.8%
Sep 20173.8%
Aug 20173.8%
Jul 20173.8%
Jun 20173.8%
May 20173.9%
Apr 20174.0%
Mar 20174.0%
Feb 20174.0%
Jan 20173.9%
Dec 20163.9%
Nov 20163.9%
Oct 20163.8%
Sep 20163.7%
Aug 20163.7%
Jul 20163.8%
Jun 20163.9%
May 20163.9%
Apr 20163.8%
Mar 20163.8%
Feb 20163.9%
Jan 20164.0%
Dec 20154.0%
Nov 20154.0%
Oct 20153.9%
Sep 20153.8%
Aug 20153.8%
Jul 20153.9%
Jun 20154.0%
May 20154.1%
Apr 20154.2%
Mar 20154.2%
Feb 20154.3%
Jan 20154.2%

The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance. Rents here are ONS's average of all private tenancies, new and continuing, which runs below what a new tenant pays; Scotland's are mostly advertised new lets, and its councils and Northern Ireland's take their nation's figure.

Other reports for Lambeth

Sale prices have an 80% chance of landing between £490,422 and £563,750 by August 2027.

Expected, August 2027
£527,086
Chance of a rise
32%

At the average sale price, a home costs £540,198. With 10% down and a 30-year mortgage, the payment is £2,492 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
30%
Payment, one income
61%

60.8% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
590
Per 1,000 residents
1.9

Figures for United Kingdom: Lambeth has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

Sale prices have fallen by 3% or more 14 times since 1995. The deepest began in October 2007.

Deepest fall
−22.8%
Recovery from the low
37 months

In 2025 the population fell by 4,440 while 900 homes were finished.

Homes finished, 2025
900
Population change, 2025
−4,440

7.8% of the 146,411 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
7.8%
Empty homes
11,420

In 2025, 19% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
19%