What can you afford in Southwark?
2,140 homes changed hands in Southwark over the last 12 months (Jul 2025 – Jun 2026). Half sold for £525,000 or less, a quarter for under £400,000, and three quarters for under £800,000. Buying the median home with a 10% deposit needs roughly a £105,000 salary at the typical 4.5× lending multiple , see what £100,000 takes home.
Affordability in one number: the median home here sold for 10.8× the local median full-time salary of £48,681 (ONS ASHE 2025). A typical lender stretches to about 4.5× one income plus your deposit, which is why the deposit and second incomes decide so much here.
Sold prices · Southwark
£525,000
median sold price, Jul 2025 – Jun 2026
- A quarter under
- £400,000
- Three quarters under
- £800,000
- Sales
- 2,140
- HPI average
- £578,683
What each salary reaches here
Budget = 4.5× salary with a 10% deposit, against the 2,140 actual sales.
| Salary | Budget | Share of sales in reach |
|---|---|---|
| £25,000 | £125,000 | 0.9% |
| £35,000 | £175,000 | 2.3% |
| £50,000 | £250,000 | 4.3% |
| £75,000 | £375,000 | 20% |
| £100,000 | £500,000 | 45% |
By property type · median sold price
And the salary that price implies, at 4.5× with 10% down.
| Type | Median · sales | Salary needed |
|---|---|---|
| Flat | £450,000 · 1,545 | ≈£90,000 |
| Terraced house | £875,000 · 449 | ≈£175,000 |
| Semi-detached house | £1,312,500 · 118 | ≈£262,500 |
| Detached house | £1,825,000 · 28 | ≈£365,000 |
For context, the UK House Price Index puts Southwark average prices up 0.9% over 12 months.
Nearby in the index
- South Ribble
- South Staffordshire
- South Tyneside
- Southampton
- Southend-on-Sea
- Spelthorne
- St Albans
- St Helens
- Stafford
- Staffordshire Moorlands
Sold prices: HM Land Registry Price Paid Data (standard residential sales), Jul 2025 – Jun 2026, standard residential sales, England & Wales. Averages: UK House Price Index (HM Land Registry / ONS). Lending estimates use a typical 4.5× single-income multiple and are not a mortgage offer or financial advice.