Market outlook for SG2
Key indicators for buyers
The SG2 market is moderately favourable for buyers. Prices have softened (-2.4%), which could present a buying opportunity. Affordability has improved from a peak of 8.4x in 2024 to 7.4x today. Rising rents (£1,412/mo, +5.0%) 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 Stevenage area
A home in Stevenage costs 7.4x the local median salary — moderate, improving from a peak of 8.4x in 2024.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Stevenage area
Average monthly rent in Stevenage is £1,412, up 5.0% 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 Stevenage price of £382,900 with a 25% deposit (£96k), a 2-year fixed mortgage at 3.97% costs around £1,511 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SG2 avg. price with Stevenage rental data
Monthly mortgage payments (£1,511) are £99 more than renting (£1,412). However, buying requires an upfront deposit of £96k — it would take around 10 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 |
|---|---|---|---|
THE OLD FORGE, CROMER SG2 7QA | Detached | £315,000 | 16 Jan 2026 |
62, PARISHES MEAD SG2 9QD | Terraced | £317,500 | 15 Jan 2026 |
89, THE HEDGEROWS SG2 7DQ | Terraced | £252,500 | 15 Jan 2026 |
4, RABAN CLOSE SG2 8JT | Terraced | £357,000 | 14 Jan 2026 |
17, KINGFISHER RISE SG2 9PF | Terraced | £325,000 | 12 Jan 2026 |
23, CHATSWORTH COURT SG2 8DY | Flat/Maisonette | £180,000 | 9 Jan 2026 |
61, WIGRAM WAY SG2 9TS | Terraced | £300,000 |
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.