Property Data OutlookSO15
27,371 recorded transactions · Part of Southampton
Compare with another area →Market outlook for SO15
Key indicators for buyers
The SO15 market is moderately favourable for buyers. Prices have softened (-17.2%), which could present a buying opportunity. Affordability has improved from a peak of 7.5x in 2018 to 6.6x today. Rising rents (£1,243/mo, +3.8%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Southampton area
A home in Southampton costs 6.6x the local median salary — moderate, improving from a peak of 7.5x in 2018.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Southampton area
Average monthly rent in Southampton is £1,243, up 3.8% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Southampton price of £266,385 with a 25% deposit (£67k), a 2-year fixed mortgage at 3.97% costs around £1,051 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SO15 avg. price with Southampton rental data
Monthly mortgage payments (£1,051) are £192 less than renting (£1,243). However, buying requires an upfront deposit of £67k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 3, ASPEN HOUSE, 19, HULSE ROAD SO15 2SD | Flat/Maisonette | £210,000 | 23 Jan 2026 |
53, MORRIS ROAD SO15 2BQ | Semi-detached | £280,000 | 23 Jan 2026 |
21, SOUTH VIEW ROAD SO15 5JD | Detached | £490,000 | 23 Jan 2026 |
FLAT 4, ROWAN HOUSE, 17, HULSE ROAD SO15 2SB | Flat/Maisonette | £220,000 | 21 Jan 2026 |
FLAT 26, SOUTHBROOK RISE, 4, MILLBROOK ROAD EAST SO15 1BX | Flat/Maisonette | £80,000 | 21 Jan 2026 |
FLAT 21, 246 - 252, SHIRLEY ROAD SO15 3HP | Flat/Maisonette | £160,000 | 16 Jan 2026 |
42, SOUTH MILL ROAD SO15 4JX |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.