Property Data OutlookSO23
13,776 recorded transactions · Part of Winchester
Compare with another area →Market outlook for SO23
Key indicators for buyers
The SO23 market presents a mixed picture for buyers. Prices are rising at 16.8%, which may favour acting sooner rather than later. Affordability has improved from a peak of 13.8x in 2021 to 10.7x today. Rising rents (£1,493/mo, +4.8%) 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 Winchester area
A home in Winchester costs 10.7x the local median salary — very stretched, improving from a peak of 13.8x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Winchester area
Average monthly rent in Winchester is £1,493, up 4.8% 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 Winchester price of £659,500 with a 25% deposit (£165k), a 2-year fixed mortgage at 3.97% costs around £2,603 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SO23 avg. price with Winchester rental data
Monthly mortgage payments (£2,603) are £1,110 more than renting (£1,493). However, buying requires an upfront deposit of £165k — it would take around 30 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 |
|---|---|---|---|
60, CHESIL STREET SO23 0HX | Terraced | £475,000 | 19 Jan 2026 |
WAYNFLETE, BLUE BALL HILL SO23 0AF | Terraced | £1,950,000 | 16 Jan 2026 |
9, FIELD END, KINGS WORTHY SO23 7PZ | Terraced | £330,000 | 16 Jan 2026 |
47, NUNS ROAD SO23 7EF | Semi-detached | £815,000 | 16 Jan 2026 |
10, GREEN PARK CLOSE SO23 7HG | Terraced | £500,000 | 16 Jan 2026 |
1, ST VALENTINES CLOSE SO23 7GJ | Detached | £1,050,000 | 16 Jan 2026 |
7A, PARCHMENT STREET SO23 8AT | Flat/Maisonette |
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.