Key indicators for buyers
The SP1 market is moderately favourable for buyers. Prices have softened (-25.6%), which could present a buying opportunity. Affordability has improved from a peak of 10.3x in 2021 to 8.8x today. Rising rents (£1,057/mo, +6.8%) 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 Wiltshire area
A home in Wiltshire costs 8.8x the local median salary — stretched, improving from a peak of 10.3x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Wiltshire area
Average monthly rent in Wiltshire is £1,057, up 6.8% 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 Wiltshire price of £264,375 with a 25% deposit (£66k), a 2-year fixed mortgage at 3.97% costs around £1,043 per month.
Monthly cost comparison based on current data
Uses SP1 avg. price with Wiltshire rental data
Monthly mortgage payments (£1,043) are £14 less than renting (£1,057). However, buying requires an upfront deposit of £66k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
40, BEDWIN STREET SP1 3UW | Terraced | £342,000 | 16 Jan 2026 |
5, CHEQUERS HOUSE, 2, NEW STREET SP1 2FG | Flat/Maisonette | £240,000 | 12 Jan 2026 |
FLAT 2, 14, KINGS ROAD SP1 3AD | Flat/Maisonette | £183,000 | 5 Jan 2026 |
16, ST JUDES CLOSE, BISHOPDOWN SP1 3FA | Semi-detached | £292,500 | 5 Jan 2026 |
23, DONALDSON ROAD SP1 3DB | Terraced | £277,500 | 19 Dec 2025 |
123, EXETER STREET SP1 2SG | Terraced | £675,000 | 19 Dec 2025 |
40, SARUM LODGE, THREE SWANS CHEQUER SP1 1AL | Flat/Maisonette |
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 SP1 sold for £264,375 in 2026, with a median of £266,250 across 4 transactions. Prices fell 25.6% compared to the previous year.
| £118,400 |
| 19 Dec 2025 |
10, SHADY BOWER CLOSE SP1 2RQ | Flat/Maisonette | £185,000 | 17 Dec 2025 |
46, KELSEY ROAD SP1 1LA | Semi-detached | £295,000 | 16 Dec 2025 |
9, GREENCROFT STREET SP1 1JF | Terraced | £231,000 | 15 Dec 2025 |
10, THE GREENCROFT SP1 1JD | Terraced | £350,000 | 12 Dec 2025 |
7, MAEVE HOUSE, 15, NEW STREET SP1 2PH | Flat/Maisonette | £210,000 | 12 Dec 2025 |
156, CASTLE ROAD SP1 3SA | Detached | £470,000 | 12 Dec 2025 |
60, HOLMES ROAD, BISHOPDOWN SP1 3ER | Semi-detached | £359,950 | 12 Dec 2025 |
10, MONXTON CLOSE, BISHOPDOWN SP1 3WY | Detached | £630,000 | 12 Dec 2025 |
1, PENNYFARTHING HOUSE, 18 - 20, PENNYFARTHING STREET SP1 1HJ | Flat/Maisonette | £185,000 | 11 Dec 2025 |
7, BURDEN DRIVE, BISHOPDOWN SP1 3QG | Flat/Maisonette | £175,000 | 11 Dec 2025 |
5, CORNWALL ROAD SP1 3NH | Semi-detached | £535,000 | 10 Dec 2025 |
19, BOWER GARDENS SP1 2RL | Terraced | £365,000 | 10 Dec 2025 |
8, CHEQUERS HOUSE, 2, NEW STREET SP1 2FG | Flat/Maisonette | £260,000 | 10 Dec 2025 |
The most recent recorded sale in SP1 was a terraced property on Bedwin Street for £342,000 in January 2026. Across the last 20 sales, the median price was £292,500.