Key indicators for buyers
The SO31 market is moderately favourable for buyers. Prices have softened (-14.3%), which could present a buying opportunity. Affordability has improved from a peak of 10.8x in 2021 to 8.6x today. Rising rents (£1,198/mo, +4.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Fareham area
A home in Fareham costs 8.6x the local median salary — stretched, improving from a peak of 10.8x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Fareham area
Average monthly rent in Fareham is £1,198, up 4.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Fareham price of £363,269 with a 25% deposit (£91k), a 2-year fixed mortgage at 3.97% costs around £1,434 per month.
Monthly cost comparison based on current data
Uses SO31 avg. price with Fareham rental data
Monthly mortgage payments (£1,434) are £236 more than renting (£1,198). However, buying requires an upfront deposit of £91k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
34, SUNNYFIELD RISE, BURSLEDON SO31 8FA | Terraced | £325,000 | 26 Jan 2026 |
92, CLEVERLEY RISE, BURSLEDON SO31 8LN | Detached | £763,035 | 23 Jan 2026 |
49, REEVES WAY, BURSLEDON SO31 8FU | Semi-detached | £280,000 | 19 Jan 2026 |
8, CORNFLOWER CLOSE, LOCKS HEATH SO31 6SN | Terraced | £320,000 | 16 Jan 2026 |
4, CAVENDISH DRIVE, LOCKS HEATH SO31 6BP | Semi-detached | £350,000 | 16 Jan 2026 |
87, SPITFIRE WAY, HAMBLE SO31 4RT | Terraced | £382,000 | 15 Jan 2026 |
2, WAYSIDE, LOWER SWANWICK SO31 7JS |
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.
The average property in SO31 sold for £363,269 in 2026, with a median of £325,000 across 15 transactions. Prices fell 14.3% compared to the previous year.
| Detached |
| £475,000 |
| 15 Jan 2026 |
3, VICTORY COTTAGE, SWANWICK SHORE ROAD, SWANWICK SO31 7HP | Terraced | £340,000 | 12 Jan 2026 |
27, SHALCOMBE, NETLEY ABBEY SO31 5GD | Terraced | £253,000 | 12 Jan 2026 |
2, DEACON ROAD, LOCKS HEATH SO31 6RU | Detached | £520,000 | 9 Jan 2026 |
2, NEEDLESPAR COURT, WARSASH SO31 9DZ | Flat/Maisonette | £211,000 | 9 Jan 2026 |
SILVERDALE, GREEN LANE, BURSLEDON SO31 8EY | Detached | £250,000 | 9 Jan 2026 |
41, FIRECRACKER DRIVE, LOCKS HEATH SO31 6BW | Terraced | £395,000 | 9 Jan 2026 |
98, BADGERS COPSE, PARK GATE SO31 1DU | Semi-detached | £300,000 | 9 Jan 2026 |
72, WOODRUSH CRESCENT, LOCKS HEATH SO31 6UP | Terraced | £285,000 | 9 Jan 2026 |
58, SEAVIEW ESTATE, NETLEY ABBEY SO31 5BQ | Semi-detached | £360,000 | 19 Dec 2025 |
23, SEAVIEW ESTATE, NETLEY ABBEY SO31 5BQ | Semi-detached | £405,000 | 19 Dec 2025 |
74, WOODRUSH CRESCENT, LOCKS HEATH SO31 6UP | Terraced | £262,296 | 19 Dec 2025 |
49, SWANWICK LANE, SWANWICK SO31 7DX | Detached | £500,000 | 19 Dec 2025 |
38, PIMPERNEL CLOSE, LOCKS HEATH SO31 6TN | Terraced | £260,000 | 19 Dec 2025 |
The most recent recorded sale in SO31 was a terraced property on Sunnyfield Rise for £325,000 in January 2026. Across the last 20 sales, the median price was £340,000.