Southwark: the market in figures
Southwark is a place where the price level has slipped over a decade. Today's average is £569,160, against £587,400 in 2016, a change of minus 3.1% or £18,240 lost. The highest year was 2017 at £618,306 and the lowest 2021 at £537,423. Yearly moves swing both ways: up 5.3% (2017), down 5.5% (2018), down 8% (2021), up 10.9% (2022), and falls of 3% (2023), 1.7% (2025) and 2.1% (2026).
Against its surroundings, Southwark is 9th among the 135 areas and 8th out of 13 in London. It sits 2.7% over the London average of £554,430, which itself fell 2.2% over the year, and 108.5% over the UK mark of £273,037. The 2024 average of £591,428 and the 2025 average of £581,507 show the slope since the last recovery. Every yearly reading in the series falls between £537,423 and £618,306.
Property type creates the real spread. A flat averages £466,671, with terraced homes at £835,115. A semi-detached home reaches £1,226,452 and a detached house £1,727,364, a gap of £1,260,693 or 270.1% from the flat. The first-time buyer figure stands at £497,815, 12.5% under the all-buyer figure. Property type creates the real spread, as the figures show.
At this price, Stamp Duty Land Tax is £18,458 for a household moving home, which is 3.2% of the price. A first-time buyer owes the same £18,458, so at this price the first-time figure and the home-mover figure are identical. An additional property costs £46,916, and the HM Land Registry fee is £295.
Nearby, City of Westminster averages £887,206, which is 55.9% more than Southwark, though its prices fell 14.3% over the year. Lambeth is 5.1% cheaper at £540,198, Greenwich 18.7% cheaper at £462,868, Lewisham 14.5% cheaper at £486,416 and Tower Hamlets 21.3% cheaper at £447,950. The sales count is 2,746 across June 2025 to May 2026. Of the neighbours listed, only City of Westminster costs more than Southwark. Only the 2021 reading is lower than today's figure.
Payotte, from the UK HPI and the calculator.
Property professionals in Southwark
One firm per trade, selected by Payotte on public data (2 of 5 trades filled in Southwark). Companies, never individuals, with a regulator or register you can check with the official body.
| Trade | Firm | Google rating | Reviews | Score /100 | Status | Listing |
|---|---|---|---|---|---|---|
| Estate agent | Dexters London Bridge Estate Agent | 4.9 | 1344 | 72 | Selected | View |
| Mortgage adviser | Vacant | — | — | — | — | — |
| Conveyancer | Lisa's Law Solicitors | 4.9 | 1826 | 81 | Selected | View |
| Surveyor | Vacant | — | — | — | — | — |
| Valuer | Vacant | — | — | — | — | — |
One firm per trade and per area, chosen on public data and scored out of 100 points — Google reviews (35), age of the company (30), checkable regulator or register (15), local anchoring (15), bonus (5). The ranking is never paid for. No firm can buy its place or its recommendation. How Payotte ranks firms
Calculate for Southwark
Frequently asked questions
What is the average house price in Southwark?
The average price of a home in Southwark was £569,160 in August 2026, -2.1% over twelve months (UK House Price Index).
Have house prices gone up in Southwark?
The average price in Southwark went from £587,400 in August 2016 to £569,160 in August 2026, a change of -3.1%; -2.1% over the last twelve months (UK House Price Index).
How much Stamp Duty Land Tax on an average-priced home in Southwark?
On £569,160, Stamp Duty Land Tax (SDLT) comes to £18,458 for a home mover, £18,458 for a first-time buyer and £46,916 for an additional property, at the rates in force in England.
How much tax when you sell a home in Southwark?
None on your main home if it was your only home, lived in for all the time you owned it, not let out and not used exclusively for business (Private Residence Relief). A second home or a buy-to-let pays Capital Gains Tax above the £3,000 allowance (2026 to 2027; rates in the calculator above). The tax is reported and paid within 60 days of completion (HMRC).
Is Southwark expensive?
Southwark ranks 9th of the 135 areas Payotte covers for the average price in August 2026, from £1,204,072 in Kensington and Chelsea to £133,782 in City of Aberdeen.
Prices by property type, August 2026
| Type | Average price | London |
|---|---|---|
| Detached | £1,727,364 | £1,164,439 |
| Semi-detached | £1,226,452 | £730,580 |
| Terraced | £835,115 | £648,650 |
| Flat or maisonette | £466,671 | £427,310 |
| All types | £569,160 | £554,430 |
| First-time buyers | £497,815 | £473,051 |
The UK HPI is a mix-adjusted average (a hedonic model), not the price of the homes sold in the month. Northern Ireland figures are quarterly.
The trend, August of each year
| Year | Average price | Change on the year before |
|---|---|---|
| 2016 | £587,400 | — |
| 2017 | £618,306 | +5.3% |
| 2018 | £584,332 | -5.5% |
| 2019 | £572,111 | -2.1% |
| 2020 | £584,189 | +2.1% |
| 2021 | £537,423 | -8% |
| 2022 | £595,787 | +10.9% |
| 2023 | £577,988 | -3% |
| 2024 | £591,428 | +2.3% |
| 2025 | £581,507 | -1.7% |
| 2026 | £569,160 | -2.1% |
Sources
- Prices and sales: UK House Price Index, file UK-HPI-full-file-2026-08.csv. Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.
- Purchase tax: rates and sources of the calculator (HMRC).
- Tax when you sell: Capital Gains Tax rates, Tax when you sell your home and Report and pay your Capital Gains Tax (GOV.UK, HMRC).