At a Glance
Average Property Price - SP1
£357,818
58
National percentile
Average Monthly Rent - SP
£1,103
60
National percentile
Average Net Household Income - SP1
£43,474
71
National percentile
Flat / Maisonette Yield - SP
5.8%
63
National percentile
10-Year Annualised Price Growth - SP1
2.1%
10
National percentile
10-Year Annualised Rent Growth - SP
3.6%
32
National percentile
Property Price & Volume Trends
The latest average property price in SP1 is £358,000, broadly in line with the national average. However, price growth over the past decade has significantly lagged behind the country as a whole, with annualised growth of just 2.1% — among the slowest-growing areas nationally. Transaction volumes have also softened, with 316 sales in the latest full year compared to a 10-year average of 394 per year.
Rent & Yield Trends
Average monthly rent in the broader SP postcode area stands at £1,103, slightly above the national median. Rent growth over ten years has been moderate at 3.6% annualised, below the national pace. Yields have improved noticeably: the current flat yield of 5.8% exceeds the 10-year average of 4.8%, reflecting strengthening rental returns relative to property values.
Income & Affordability Trends
Average household income in SP1 is £43,474, placing it well above the national average. Purchase affordability has improved since 2016: the price-to-income ratio has fallen from 8.8x to 8.4x, easing the burden for prospective buyers. Rental affordability, however, has deteriorated; the rent-to-income ratio has risen from 26.1% to 30.1%, indicating that renters are spending a larger share of their income on housing.
Resident Demographic Profile
The population is notably older than the national average, with 23% aged 65 and over compared to 19.6% nationally, whilst those aged 16–24 are underrepresented at 8.3% against 11% nationally. Owner-occupation is stronger than average, with 35% owning outright versus the national 33.7%, and shared ownership is marginally elevated at 1.7%. The workforce skews towards professional and administrative roles — 23.3% are professionals (against 20.5% nationally) and 11.6% work in administration (against 9% nationally).