Key indicators for buyers
The SE16 market is moderately favourable for buyers. Affordability has improved from a peak of 14.2x in 2017 to 10.8x today.
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 Southwark area
A home in Southwark costs 10.8x the local median salary — very stretched, improving from a peak of 14.2x in 2017.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Southwark area
Average monthly rent in Southwark is £2,388, up 1.7% 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 Southwark price of £554,063 with a 25% deposit (£139k), a 2-year fixed mortgage at 3.97% costs around £2,187 per month.
Monthly cost comparison based on current data
Uses SE16 avg. price with Southwark rental data
Monthly mortgage payments (£2,187) are £201 less than renting (£2,388). However, buying requires an upfront deposit of £139k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
211, LOWER ROAD SE16 2LW | Flat/Maisonette | £190,000 | 26 Jan 2026 |
FLAT 2, 103, ROTHERHITHE STREET SE16 4NG | Flat/Maisonette | £850,000 | 26 Jan 2026 |
1, REVELEY SQUARE SE16 6HS | Terraced | £520,000 | 26 Jan 2026 |
129, MONTREAL HOUSE, SURREY QUAYS ROAD SE16 7AQ | Flat/Maisonette | £415,000 | 23 Jan 2026 |
2, POLLARD HOUSE, 122A, SPA ROAD SE16 3FF | Flat/Maisonette | £640,000 | 19 Jan 2026 |
FLAT 5, CANADA WHARF, 255, ROTHERHITHE STREET SE16 5ES | Flat/Maisonette | £355,000 | 16 Jan 2026 |
169, PLOUGH WAY SE16 7FN |
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 SE16 sold for £554,063 in 2026, with a median of £525,000 across 16 transactions. Prices rose 1.1% compared to the previous year.
| Terraced |
| £700,000 |
| 13 Jan 2026 |
FLAT 8, SYCAMORE HOUSE, 22, WOODLAND CRESCENT SE16 6YR | Flat/Maisonette | £580,000 | 13 Jan 2026 |
FLAT 3, QUINTON COURT, PLOUGH WAY SE16 7FA | Flat/Maisonette | £500,000 | 12 Jan 2026 |
FLAT 102, BALTIC QUAY, 1, SWEDEN GATE SE16 7TG | Flat/Maisonette | £400,000 | 9 Jan 2026 |
74, PLOVER WAY SE16 7TT | Flat/Maisonette | £550,000 | 9 Jan 2026 |
FLAT 5, UNITED HOUSE, MAYFLOWER STREET SE16 4JL | Flat/Maisonette | £795,000 | 9 Jan 2026 |
FLAT 5, 96, ROPE STREET SE16 7TQ | Flat/Maisonette | £530,000 | 8 Jan 2026 |
1, AULAY HOUSE, 122, SPA ROAD SE16 3FE | Flat/Maisonette | £505,000 | 8 Jan 2026 |
1E - 1F, HOLYOAKE COURT SE16 5HJ | Flat/Maisonette | £475,000 | 6 Jan 2026 |
10, GUNWHALE CLOSE SE16 6BS | Terraced | £860,000 | 5 Jan 2026 |
FLAT 7, SURREY HOUSE, 236, ROTHERHITHE STREET SE16 5QX | Flat/Maisonette | £400,000 | 19 Dec 2025 |
FLAT 10, BURRAGE COURT, WORGAN STREET SE16 7WA | Flat/Maisonette | £475,000 | 19 Dec 2025 |
FLAT 15, QUINTON COURT, PLOUGH WAY SE16 7FA | Flat/Maisonette | £405,000 | 19 Dec 2025 |
7, SHERWOOD GARDENS SE16 3JA | Terraced | £600,000 | 19 Dec 2025 |
The most recent recorded sale in SE16 was a flat/maisonette property on Lower Road for £190,000 in January 2026. Across the last 20 sales, the median price was £520,000.