Property Data OutlookSO16
27,501 recorded transactions · Part of Southampton
Compare with another area →Market outlook for SO16
Key indicators for buyers
The SO16 market is moderately favourable for buyers. Prices have softened (-29.4%), 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 £222,235 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £877 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SO16 avg. price with Southampton rental data
Monthly mortgage payments (£877) are £366 less than renting (£1,243). However, buying requires an upfront deposit of £56k — it would take around 5 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 |
|---|---|---|---|
47, OAKFIELD GARDENS SO16 6DE | Flat/Maisonette | £75,000 | 26 Jan 2026 |
146, WARREN CRESCENT SO16 6AX | Semi-detached | £150,000 | 23 Jan 2026 |
45, CHESTNUT LODGE, SHERWOOD CLOSE SO16 7NT | Flat/Maisonette | £100,000 | 23 Jan 2026 |
347, LOWER BROWNHILL ROAD SO16 9LJ | Terraced | £290,000 | 22 Jan 2026 |
27, LANGHORN ROAD SO16 3TP | Terraced | £192,500 | 16 Jan 2026 |
3, HORNCHURCH ROAD SO16 8PA | Terraced | £275,000 | 16 Jan 2026 |
16, GREENWOOD AVENUE, ROWNHAMS SO16 8JS | Terraced |
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.