What You Need to Earn to Buy in S2

The median home in S2 sold for £172,000. To buy at that price you'd typically need a household income of about £32,500 — based on a 15% deposit and a 4.5× income multiple. Prices are not enough recent sales to show a trend.

Deposit needed to buy in S2

Deposit %	Deposit £	Mortgage needed
5%	£8,600	£163,400
10%	£17,200	£154,800
15%	£25,800	£146,200
25%	£43,000	£129,000

A typical mortgage on the £172,000 median (85% LTV, 4.5% over 25 years) costs around £813/month. Based on 583 Land Registry sales.

Common questions about buying in S2

What salary do you need to buy a house in S2?

The median home in S2 sold for £172,000. With a 15% deposit and a typical 4.5× income multiple, you'd need a household income of about £32,500 to buy at that price. Higher-multiple lenders can reduce the income required — check your own figure with the affordability calculator.

How much is a typical mortgage payment in S2?

Borrowing £146,200 (85% of the £172,000 median) at 4.5% over 25 years works out at roughly £813 a month on a repayment basis.

How much deposit do you need to buy in S2?

On the £172,000 median price, a 5% deposit is £8,600 and a 10% deposit is £17,200. A larger deposit usually unlocks lower rates.

Are house prices in S2 rising or falling?

Based on the latest Land Registry sold prices, prices in S2 are not enough recent sales to show a trend, across 583 recorded sales.

Can you afford to buy in S2?

Check exactly how much 60+ UK lenders would lend you — with your income. No credit search.

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