Market outlook for SN2
Key indicators for buyers
The SN2 market is moderately favourable for buyers. Prices have softened (-4.3%), which could present a buying opportunity. Affordability has improved from a peak of 7.9x in 2021 to 7.0x today. Rising rents (£1,080/mo, +3.6%) 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 Swindon area
A home in Swindon costs 7.0x the local median salary — moderate, improving from a peak of 7.9x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Swindon area
Average monthly rent in Swindon is £1,080, up 3.6% 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 Swindon price of £271,857 with a 25% deposit (£68k), a 2-year fixed mortgage at 3.97% costs around £1,073 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SN2 avg. price with Swindon rental data
Monthly mortgage payments (£1,073) are £7 less than renting (£1,080). However, buying requires an upfront deposit of £68k — it would take around 9 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 |
|---|---|---|---|
291, CRICKLADE ROAD SN2 1AG | Semi-detached | £283,000 | 28 Jan 2026 |
11, CAYENNE PARK SN2 2SF | Detached | £450,000 | 23 Jan 2026 |
1, MERTON AVENUE SN2 7PY | Semi-detached | £317,500 | 20 Jan 2026 |
37, MONTROSE CLOSE SN2 2JR | Terraced | £260,000 | 16 Jan 2026 |
40, SHREWTON WALK SN2 5NG | Flat/Maisonette | £120,000 | 9 Jan 2026 |
24, CATMINT CLOSE SN2 2TB | Terraced | £215,000 | 9 Jan 2026 |
82, MONTAGU STREET SN2 2HW | Terraced | £257,500 |
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.