What You Need to Earn to Buy in SO45

The median home in SO45 sold for £320,000. To buy at that price you'd typically need a household income of about £60,500 — 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 SO45

Deposit %	Deposit £	Mortgage needed
5%	£16,000	£304,000
10%	£32,000	£288,000
15%	£48,000	£272,000
25%	£80,000	£240,000

A typical mortgage on the £320,000 median (85% LTV, 4.5% over 25 years) costs around £1,512/month. Based on 471 Land Registry sales.

Common questions about buying in SO45

What salary do you need to buy a house in SO45?

The median home in SO45 sold for £320,000. With a 15% deposit and a typical 4.5× income multiple, you'd need a household income of about £60,500 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 SO45?

Borrowing £272,000 (85% of the £320,000 median) at 4.5% over 25 years works out at roughly £1,512 a month on a repayment basis.

How much deposit do you need to buy in SO45?

On the £320,000 median price, a 5% deposit is £16,000 and a 10% deposit is £32,000. A larger deposit usually unlocks lower rates.

Are house prices in SO45 rising or falling?

Based on the latest Land Registry sold prices, prices in SO45 are not enough recent sales to show a trend, across 471 recorded sales.

Can you afford to buy in SO45?

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

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