At a Glance
Average Property Price - SO32
£483,279
79
National percentile
Average Monthly Rent - SO
£1,254
67
National percentile
Average Net Household Income - SO32
£47,458
82
National percentile
Flat / Maisonette Yield - SO
5.9%
66
National percentile
10-Year Annualised Price Growth - SO32
1.9%
8
National percentile
10-Year Annualised Rent Growth - SO
3.8%
44
National percentile
Property Price & Volume Trends
The latest average property price in SO32 is £483,000, placing it among the most expensive nationally. However, the postcode has experienced notably slow price growth over the past decade, with annualised gains of just 1.9%—well below the national average. Transaction volumes have also moderated, with 388 sales in the latest year compared to a 10-year average of 460, suggesting a quieter market.
Rent & Yield Trends
Average monthly rent across the broader SO area stands at £1,254, which is above the national midpoint. Rental growth over the past decade has been modest at 3.8% annually, slightly below the national pace. The rental yield on a typical flat has strengthened considerably, now at 5.9% compared to a 10-year average of 4.8%, reflecting improved income generation for landlords despite modest capital appreciation.
Income & Affordability Trends
Average household net income in SO32 is £47,458, placing it well above the national average. However, housing affordability has declined slightly: the price-to-income ratio has risen from 10.1x in 2016 to 10.7x today, indicating greater purchasing pressure. Rental affordability has also tightened, with the rent-to-income ratio rising from 28.4% to 29.9% over the same period.
Resident Demographic Profile
The population is notably older than the national average, with over a fifth aged 65 and above (compared to 19.6% nationally) and a larger cohort aged 50–64 at 21.9%. Conversely, young adults aged 16–24 are significantly underrepresented at 8.2%. Housing tenure is distinctive: outright ownership is substantially higher at 39.9%, while private renting is considerably lower at 13.5%. The employment profile skews towards professional and managerial roles, which together account for 42.7% of the workforce, well above the national combined figure of 33.9%.