Local market reports › SO area › SO23
City Centre market report SO23, Winchester
The SO23 (City Centre) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 13,290 sales recorded by HM Land Registry in SO23 (Winchester) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Covers registered sales to August 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register. Page updated 19 October 2026.
In short: the middle 2026 sale in SO23 (Winchester) came in at £445,400, out of 157 registered, down 9% on five years earlier, and the mean stands at £539,100, and by floor area homes here have averaged about £5,420 per square metre over the last five years. The record behind it is 13,290 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
SO23 is a postcode district covering City Centre, Abbotts Barton, Bar End in Winchester. It is the most useful size for market figures: tight enough to describe somewhere real, large enough that sales keep coming and the medians hold steady.
Where SO23 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's SO23 prices, from the sold record
Take the 157 registered 2026 sales in SO23 and the middle price, the median, is £445,400. The mean lands at £539,100, well above it, the signature of a heavy top tail: a handful of expensive sales lifting the average.
SO23 prices by floor area
Measured by floor area, the last five years of SO23 sales average about £5,420 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
For scale: the England and Wales median is £285,000, so SO23 trades 56% above the country as a whole.
The price of a typical SO23 home, 1995 to 2026
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £445,400 | £445,400 | 157 |
| 2025 | £515,000 | £527,315 | 335 |
| 2024 | £485,000 | £515,655 | 319 |
| 2023 | £490,000 | £538,390 | 286 |
| 2022 | £490,600 | £575,284 | 373 |
| 2021 | £490,000 | £620,403 | 478 |
| 2020 | £429,000 | £556,636 | 276 |
| 2019 | £420,000 | £550,519 | 346 |
| 2018 | £412,500 | £549,870 | 329 |
| 2017 | £423,000 | £576,930 | 338 |
| 2016 | £385,000 | £538,619 | 380 |
| 2015 | £365,000 | £515,745 | 400 |
| 2014 | £335,600 | £476,107 | 468 |
| 2013 | £326,800 | £470,233 | 448 |
| 2012 | £290,000 | £426,844 | 362 |
| 2011 | £300,000 | £452,885 | 425 |
| 2010 | £292,000 | £457,931 | 345 |
| 2009 | £270,000 | £434,027 | 314 |
| 2008 | £275,000 | £450,783 | 287 |
| 2007 | £250,000 | £424,070 | 580 |
| 2006 | £250,000 | £433,968 | 638 |
| 2005 | £235,000 | £418,205 | 478 |
| 2004 | £245,000 | £444,968 | 491 |
| 2003 | £225,000 | £414,505 | 492 |
| 2002 | £205,000 | £385,706 | 529 |
| 2001 | £177,200 | £340,658 | 602 |
| 2000 | £145,000 | £284,563 | 485 |
| 1999 | £126,000 | £251,111 | 543 |
| 1998 | £108,500 | £219,015 | 471 |
| 1997 | £90,000 | £184,572 | 529 |
| 1996 | £90,000 | £189,806 | 493 |
| 1995 | £76,000 | £165,212 | 293 |
In cash terms the typical SO23 home went from £76,000 in 1995 to £445,400 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 170%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2021, and today's median remains roughly 28% under it: a 2021 buyer is still waiting to get that price back in today's money.
Year-on-year change in the SO23 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2001 (+22.2% on the year before); the weakest, 2026 (−13.5%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of terraced homes dominate the record here, 35% of the typed total. A detached home currently trades at £930,000 against £269,000 for a flat, 3.5 times the price.
Median by property type, SO23
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £930,000 | 23 | 2,349 |
| Semi-detached | £522,500 | 32 | 2,276 |
| Terraced | £476,000 | 57 | 4,592 |
| Flats | £269,000 | 45 | 4,073 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | −13.5% | −15.5% |
| 5 years (since 2021) | −1.9% | −6.4% |
| 6 years (since 2020) | +0.6% | −3.6% |
| 10 years (since 2016) | +1.5% | −1.9% |
| 20 years (since 2006) | +2.9% | +0.1% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Transaction volumes
Sales per year, counted
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
The last five years, month by month
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
The register shows 283 SO23 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 537 sales a year before the financial crisis and 294 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What homes rent for around SO23
For renting purposes SO23 sits in Winchester. The ONS average private rent there is £1,505 a month (May 2026). The spread runs from £1,014 a month for a typical one-bed to £2,247 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Winchester
ONS Price Index of Private Rents, May 2026.
Against the £445,400 median purchase price, a rent of £1,505 a month (£18,060 a year) works out at a 4.1% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What people ask about SO23 (City Centre)
Are property prices falling in SO23 (City Centre)?
Is SO23 (City Centre) a good place to buy a house?
How much did a house sell for in SO23 (City Centre)?
Where do SO23 prices go next?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 9% over five years in cash but down 28% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
SO23's current homes for sale
Everything above is what homes in SO23 sold for. The live side of the market holds 74 homes at the moment, listed by 4 agents publishing to HomesIndex, at a typical asking price 5% below the SO23 median sold price.
Set against 283 registered sales in the last twelve months, the 74 homes on the market here are roughly 3 months of supply at last year's pace, and more in reality, since only agents who publish to HomesIndex are counted.
15% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- Garbett Road, Winchester, Hampshire
- Vale Way, Kings Worthy, Winchester, Winchester
- Field End, Kings Worthy, SO23, Winchester
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every SO23 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
The SO23 sales calendar
Take the 1,791 SO23 sales dated 2021 to 2025 and sort them by month: March completions lead with 11.5% of the total, April trails with 5.6%. That is a marked seasonal rhythm. A sale completes weeks after it is agreed, so the busy month reflects deals struck earlier in the year; a seller who wants competition should be on the market ahead of it.
Sales by month, 2021 to 2025
| Month | Sales | Share |
|---|---|---|
| January | 133 | 7.4% |
| February | 128 | 7.1% |
| March | 206 | 11.5% |
| April | 100 | 5.6% |
| May | 121 | 6.8% |
| June | 192 | 10.7% |
| July | 147 | 8.2% |
| August | 146 | 8.2% |
| September | 165 | 9.2% |
| October | 160 | 8.9% |
| November | 123 | 6.9% |
| December | 170 | 9.5% |
Moving up a bedroom in SO: the cost
What homes of each size actually sold for across the SO area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £305,000 | £370,000 (+21%) | £445,000 (+20%) | £580,000 (+30%) | £800,000 (+38%) |
| Semi-detached | £265,500 | £310,000 (+17%) | £349,000 (+13%) | £420,500 (+20%) | £540,000 (+28%) |
| Terraced | £215,000 | £270,000 (+26%) | £296,000 (+10%) | £405,000 (+37%) | £627,500 (+55%) |
| Flat | £145,500 | £200,000 (+37%) | £280,000 (+40%) | £400,000 (+43%) | £635,000 (+59%) |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
SO23 ranks 23 of 23 in the SO area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
SO area districts: five years of change
Cash-terms risers and fallers across the area; click any row for that district's full report.
Inside SO23, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SO23 0 | £427,500 | 34 |
| SO23 7 | £449,000 | 71 |
| SO23 8 | £490,000 | 27 |
| SO23 9 | £460,000 | 25 |
How SO23 compares nearby
Same city, different markets. The neighbouring districts of the SO area, dearest first:
| District | Median | 5-year |
|---|---|---|
| SO42 | £835,000 | +18% |
| SO20 | £585,000 | -9% |
| SO22 | £551,200 | -2% |
| SO24 | £550,000 | +12% |
| SO21 | £523,000 | +0% |
| SO41 | £500,000 | +5% |
| SO43 | £462,500 | -1% |
| SO32 | £457,500 | -1% |
| SO23 (this report) | £445,400 | -9% |
| SO51 | £415,000 | +1% |
| SO53 | £390,000 | +2% |
| SO31 | £360,000 | +1% |
| SO52 | £360,000 | +12% |
| SO30 | £349,000 | +9% |
| SO40 | £335,000 | +8% |
| SO50 | £326,200 | +7% |
| SO45 | £307,500 | -1% |
| SO18 | £284,500 | +14% |
| SO16 | £280,000 | +12% |
| SO19 | £270,000 | +13% |
| SO15 | £256,200 | +11% |
| SO17 | £222,000 | -2% |
| SO14 | £202,500 | -1% |
Selling a home in SO23? Price it on the evidence
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at SO23's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Take it further
Behind the answers sits the same Land Registry record as this page, with SO23 already set as the subject. Free, one click sign in.
See every individual SO23 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.