marketcodeAsking rent
£1,211 a month 12 months to Jul 2026
181 lets
Postcode district
SO40 rental market
Asking rent £1,211 a month · Gross yield 4.0% · 12 months, listings to Aug 2026
What is SO40?
- Buildings
- 15,296
- Mixed-use buildings
- 68%
- HMO-shaped units
- 15%
What does SO40 earn?
SO40: asking rent £1,211 a month (12 months to Jul 2026, 181 lets).
Gross yield, asking basis
4.0% 12 months to Aug 2026
247 lets
-1.4% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
25 on 20 Sep 2026
How does SO40 vary by home size?
Asking rent in SO40 runs from £901 a month for 1 bedroom to £1,438 a month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £901 a month | 12 months to Jun 2026 | — | 91 |
| 2 bedrooms | £1,179 a month | 12 months to Aug 2026 | -1% on the previous 12 months | 90 |
| 3 bedrooms | £1,438 a month | 12 months to Aug 2026 | — | 79 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns SO40?
Corporate landlords hold 66% of the 584 units in SO40 whose freeholder is classified; 97% of all units are not yet classified.
- Corporate landlords66% of classified · 385 units
- Housing associations17% of classified · 100 units
- Individuals (not traceable in bulk)16% of classified · 96 units
- RMC0.5% of classified · 3 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does SO40 rank?
SO40 ranks 8th of 8 postcode districts in New Forest for asking rent, at £1,211 a month.
Asking rent · postcode districts in New Forest
SO40 ranks 8th of 8 postcode districts in New Forest for asking rent, at £1,211 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | SO42 | £2,233 a month | 44 | indicative |
| 2 | SO41 | £1,766 a month | 234 | measured |
| 3 | SO43 | £1,552 a month | 32 | indicative |
| 4 | SP6 | £1,478 a month | 86 | indicative |
| 5 | BH24 | £1,476 a month | 149 | measured |
| 8 | SO40 | £1,211 a month | 181 | measured |
Full table: asking rent across postcode districts in New Forest →
Gross yield, asking basis · postcode districts in New Forest
SO40 ranks 3rd of 8 postcode districts in New Forest for gross yield, asking basis, at 4.0%.
Where next from SO40?
- New ForestThe wider market this area sits in.
- BH24Neighbouring postcode district · £4,980/m²
- BH25Neighbouring postcode district · £4,074/m²
- SO41Neighbouring postcode district · £5,948/m²
- SO42Neighbouring postcode district · £7,523/m²
- SO43Neighbouring postcode district · £7,613/m²
- SO45Neighbouring postcode district · £3,624/m²
- SP6Neighbouring postcode district · £5,441/m²
- SO15Next door, in another authority · £3,229/m²
- SO16Next door, in another authority · £3,955/m²
- SO51Next door, in another authority · £4,485/m²
- SO14Next door, in another authority · £2,797/m²
- Homes for sale in SO40Live sale listings, the same place and cohort.
- Homes to rent in SO40Live lettings, the same place.
- Completed sales in SO40Registered completions, newest first.
- Planning applications in SO40Applications and decisions on record.
- Buildings in SO40Every building with its units, parcel and freeholder.
- Land in SO40Parcels, titles and adjacent ownership.
- Properties in SO40
Questions about SO40
- What is the average rent in SO40?
- Homes to let in SO40 asked a median £1,211 a month over the 12 months to Jul 2026, 181 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in SO40?
- 4.0% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 247 lets. -1.4% on the previous 12 months.
Where these figures come from
| Figure | Dataset | Window | Last month | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 181 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 247 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |