Key indicators for buyers
The SN38 market is moderately favourable for buyers. Prices have softened (-76.1%), which could present a buying opportunity. Affordability has improved from a peak of 7.9x in 2021 to 7.0x today. Rising rents (£1,080/mo, +3.6%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
The average property in SN38 sold for £1,125,000 in 2021, with a median of £1,125,000 across 1 transactions. Prices fell 76.1% compared to the previous year.
House price ÷ median earnings · ONS data
Affordability data shown for wider Swindon area
A home in Swindon costs 7.0x the local median salary — moderate, improving from a peak of 7.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Swindon area
Average monthly rent in Swindon is £1,080, up 3.6% 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 Swindon price of £1,125,000 with a 25% deposit (£281k), a 2-year fixed mortgage at 3.97% costs around £4,440 per month.
Monthly cost comparison based on current data
Uses SN38 avg. price with Swindon rental data
Monthly mortgage payments (£4,440) are £3,360 more than renting (£1,080). However, buying requires an upfront deposit of £281k — it would take around 23438 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
NEWCOMBE HOUSE, NEWCOMBE DRIVE, HAWKSWORTH TRADING ESTATE SN38 1NE | Other | £1,125,000 | 16 Jul 2021 |
8AD, ALLIED DUNBAR ASSURANCE PLC SN38 8AD | Other | £4,700,000 | 29 Feb 2016 |
The most recent recorded sale in SN38 was a other property on Newcombe Drive for £1,125,000 in July 2021. Across the last 2 sales, the median price was £4,700,000.
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.