At a Glance
Average Property Price - SO16
£317,539
47
National percentile
Average Monthly Rent - SO
£1,254
67
National percentile
Average Net Household Income - SO16
£41,362
64
National percentile
Flat / Maisonette Yield - SO
5.9%
66
National percentile
10-Year Annualised Price Growth - SO16
3.5%
45
National percentile
10-Year Annualised Rent Growth - SO
3.8%
44
National percentile
Property Price & Volume Trends
The average property price in SO16 is £318,000, broadly in line with the national median. Over the past decade, prices have grown at 3.5% annually—slightly below the national average pace. Transaction activity has declined noticeably, with 565 sales in the latest year compared to a 10-year average of 772, suggesting a softer market than its recent historical trend.
Rent & Yield Trends
Average monthly rent stands at £1,254, placing it above the national average. Rental growth has run at 3.8% per year over the past decade, broadly matching national pace. The flat yield is currently 5.9%, notably above its 10-year average of 4.8%, reflecting improved returns for buy-to-let investors in recent years.
Income & Affordability Trends
Average household income of £41,362 sits comfortably above the national average. The price-to-income ratio of 7.1x has tightened slightly since 2016 (6.9x), indicating marginal improvement in purchase affordability. Rental affordability has shifted the other way: rent now takes up 29.9% of income against 28.4% in 2016, suggesting renting has become proportionally less affordable.
Resident Demographic Profile
The area has a notably higher proportion of young adults aged 16–24 (14.1% versus 11.0% nationally), likely reflecting student and early-career populations. Social rented housing is significantly above average at 22.7% compared to 16.5% nationally, while outright ownership is below average at 26.4%. The employment profile is distinctive for higher rates of elementary roles (12.7% versus 10.2%) and caring professions (10.8% versus 9.2%), paired with lower managerial representation.