SO16 4LE is a residential postcode situated on Oakley Road, Southampton, SO16 with 31 addresses.
It ranks as the 1163rd largest and 281st most expensive of the 1,488 postcodes in the SO16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 31 properties: 31 flats.
SO16 4LE is a residential postcode situated on Oakley Road, Southampton, SO16 with 31 addresses.
It ranks as the 1163rd largest and 281st most expensive of the 1,488 postcodes in the SO16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 31 properties: 31 flats.
Sale prices range from £134,797 for 1 bedroom leasehold flats with a balcony (409 ft2) to £232,068 for 3 bedroom leasehold flats with a balcony (1,108 ft2) .
Monthly rental prices range from £830 pcm for 1 bed flats to £1,203 pcm for 3 bed flats.
The gross rental yield is between 6.2% and 7.9%.
The average value per square foot is £276.
The last sale in SO16 4LE sold for £205,000 on 22nd May 2025. Since then prices are down an average of 3.4%.
The current average value in the postcode is £168,039.
The SO16 4LE Sales Market has increased by 6.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.6% | £168,039 |
| April 2025 | 0% | £174,351 |
| April 2024 | 0% | £174,298 |
| April 2023 | 1.6% | £174,222 |
| April 2022 | 7% | £171,543 |
| April 2021 | -0.5% | £160,345 |
| April 2020 | 0.3% | £161,096 |
| April 2019 | -1.1% | £160,676 |
| April 2018 | 0.3% | £162,430 |
| April 2017 | 3% | £161,955 |
| April 2016 | 8.5% | £157,196 |
| April 2015 | 5.8% | £144,906 |
| April 2014 | 5.3% | £136,913 |
| April 2013 | 1.5% | £130,055 |
| April 2012 | -1.7% | £128,159 |
| April 2011 | -3.7% | £130,372 |
| April 2010 | 6.4% | £135,415 |
| April 2009 | -10.6% | £127,212 |
| April 2008 | 0.7% | £142,360 |
| April 2007 | 0% | £141,412 |
The current average rental value in the postcode is £967.
The SO16 4LE Rental Market has increased by 31.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £967pcm |
| April 2025 | 2.6% | £941pcm |
| April 2024 | 8.3% | £917pcm |
| April 2023 | 7.8% | £847pcm |
| April 2022 | 6% | £786pcm |
| April 2021 | 2.3% | £741pcm |
| April 2020 | 1.6% | £725pcm |
| April 2019 | 0.7% | £713pcm |
| April 2018 | -2% | £708pcm |
| April 2017 | -2.1% | £722pcm |
| April 2016 | 3.7% | £738pcm |
| April 2015 | 2.9% | £711pcm |
| April 2014 | 3.2% | £692pcm |
| April 2013 | 2.2% | £670pcm |
| April 2012 | 0.1% | £656pcm |
| April 2011 | 1.3% | £655pcm |
| April 2010 | 3% | £647pcm |
| April 2009 | -3% | £628pcm |
| April 2008 | 1.9% | £647pcm |
| April 2007 | 0% | £635pcm |
The last sale was on 22nd May 2025 for £205,000 and since then the market in the area has decreased by 3.4%. The postcode has had a total of 72 sales since 1995.
SO16 4LE has seen 8 sales in the last three years and no sales in the last twelve months.
SO16 4LE is the 1163rd largest and the 281st most expensive postcode out of the 1,488 postcodes in the SO16 area.
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The closest station to SO16 4LE is Millbrook (Hants) station which is 1.3 kilometres away.
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