Southwark property market
In Southwark (London) the average private rent is £2,394/month (ONS, May 2026) and the average house price is £572,455 (HM Land Registry, April 2026). That puts rent 73% above and house prices 112% above the UK average. The gross rental yield works out at 5.0%.
- Average rent
- £2,394/mo
- +1.6% YoY
- Average house price
- £572,455
- -1.2% 12m
- Gross rental yield
- 5.0%
- UK avg 6.1%
- Price-to-rent
- 19.9
- UK avg 16.3
Rent vs buy in Southwark
The average home in Southwark costs about 19.9 years of average rent (price-to-rent ratio 19.9), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
Nearby areas in London
- Ealing£2,060/mo · £556,675
- Lambeth£2,527/mo · £558,911
- Kingston upon Thames£1,803/mo · £571,088
- Barnet£1,934/mo · £587,297
- Merton£2,114/mo · £591,638
- Hackney£2,622/mo · £612,501
Frequently asked questions
- What is the average rent in Southwark?
- The average monthly private rent in Southwark is £2,394, according to the ONS Price Index of Private Rents (May 2026), +1.6% over the past 12 months. The UK average is £1,383.
- What is the average house price in Southwark?
- The average house price in Southwark is £572,455 (HM Land Registry UK House Price Index, April 2026), -1.2% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Southwark?
- Dividing the average annual rent (£28,728) by the average house price (£572,455) gives a gross rental yield of 5.0% in Southwark. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Southwark?
- In Southwark the average house price equals about 19.9 years of average rent (price-to-rent ratio 19.9). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.