Redbridge vs Southwark: buying or renting a home
A typical terraced house costs £330,000 (60%) more in Southwark than in Redbridge. Measured against local pay, buying is harder in Southwark: it takes 18.1× median annual pay, against 12.3× in Redbridge.
At a glance
| Redbridge | Southwark | |
|---|---|---|
| Buying a home | Very expensive | Expensive |
| Renting a home | Very expensive | Very expensive |
| Recorded crime | About average | Above average |
Buying rates the typical price of all homes against median pay; renting rates a year of average rent against median pay; crime rates recorded crime per resident against the England and Wales average.
What the numbers say
Median full-time pay in Southwark (£48,681) is 9% higher than in Redbridge (£44,851), while a typical terraced house costs 60% more (£880,000 against £550,000). Set against local pay, Redbridge is the easier of the two for a typical earner to buy in.
Buying a terraced house takes 12.3× annual pay in Redbridge and 18.1× in Southwark. Renting one takes 54% of pay in Redbridge and 70% in Southwark. Both are harder in Southwark, and the gap is wider for buying.
Across all property types and measured against pay, Redbridge is the 24th most expensive of 316 areas to buy in, and Southwark is the 33rd most expensive of 316 areas. For renting against pay, Redbridge is the 40th most expensive of 316 areas and Southwark is the 9th most expensive of 316 areas.
Someone on £40,000 in Redbridge would need about £64,000 in Southwark to be equally placed to buy a terraced house, and about £56,500 to be equally placed to rent one. Keeping the same pay after a move to Southwark would leave you worse placed to buy. These figures compare housing costs only; they ignore other living costs and the pay you could earn in a new job.
Police recorded 74.3 crimes per 1,000 residents in Redbridge and 120.8 in Southwark, so recorded crime per resident is 63% higher in Southwark. The biggest difference is in residential burglary: 7.0 per 1,000 in Redbridge against 11.3 in Southwark.
Can a typical earner buy?
| Terraced house | Redbridge | Southwark |
|---|---|---|
| Median full-time pay | £44,851 | £48,681 |
| House price ÷ pay | 12.3× | 18.1× |
| Median pay as a share of income typically needed to buy | 41% | 28% |
| Rent a year as a share of median pay | 54% | 70% |
Buying, by property type
| Type | Redbridge | Southwark | Difference |
|---|---|---|---|
| Semi-detached | £653,750 | £1,365,000 | +109% in Southwark |
| Terraced | £550,000 | £880,000 | +60% in Southwark |
| Flat | £310,250 | £450,000 | +45% in Southwark |
Renting, by property type
| Type (average rent a month) | Redbridge | Southwark | Difference |
|---|---|---|---|
| Semi-detached | £2,176 | £3,416 | +57% in Southwark |
| Terraced | £2,017 | £2,849 | +41% in Southwark |
| Flat | £1,551 | £2,178 | +40% in Southwark |
Crime
Police recorded 74.3 crimes per 1,000 residents in Redbridge and 120.8 in Southwark, so recorded crime per resident is 63% higher in Southwark.
| Police recorded crime per 1,000 residents | Redbridge | Southwark | Difference |
|---|---|---|---|
| All recorded crime (excluding fraud) | 74.3 | 120.8 | +63% in Southwark |
| Violence against the person | 26.1 | 28.5 | +9% in Southwark |
| Sexual offences | 2.4 | 3.7 | +57% in Southwark |
| Robbery | 2.7 | 6.1 | +125% in Southwark |
| Residential burglary (per 1,000 households) | 7.0 | 11.3 | +63% in Southwark |
| Vehicle offences | 8.1 | 7.2 | -11% in Southwark |
| Theft from the person | 3.6 | 20.5 | +473% in Southwark |
| Criminal damage and arson | 4.5 | 5.7 | +27% in Southwark |
Rates use resident population, so city centres and student areas show higher crime per resident than residents experience. Recorded crime also depends on reporting and police recording practice.
How prices have changed in each area
Average house price for all property types, indexed so that 2005 is 100. A line at 200 means prices have doubled.
Show the figures
| Year | Redbridge | Southwark |
|---|---|---|
| 2005 | 100 | 100 |
| 2006 | 106 | 108 |
| 2007 | 118 | 129 |
| 2008 | 117 | 130 |
| 2009 | 103 | 117 |
| 2010 | 111 | 131 |
| 2011 | 116 | 139 |
| 2012 | 117 | 148 |
| 2013 | 121 | 161 |
| 2014 | 134 | 191 |
| 2015 | 152 | 209 |
| 2016 | 173 | 228 |
| 2017 | 181 | 230 |
| 2018 | 187 | 225 |
| 2019 | 182 | 223 |
| 2020 | 187 | 228 |
| 2021 | 200 | 218 |
| 2022 | 210 | 225 |
| 2023 | 209 | 224 |
| 2024 | 211 | 223 |
| 2025 | 221 | 226 |
| 12 months to July 2026 | 223 | 226 |
In 2005 the average home cost £222,453 in Redbridge and £258,606 in Southwark. Now it is £496,614 and £583,378: Redbridge is up 123% and Southwark is up 126%.
Buying a home against local pay, over time
Average house price divided by median full-time pay. Higher means harder to afford.
Show the figures
| Year | Redbridge | Southwark |
|---|---|---|
| 2005 | 8.0 years of pay | 9.3 years of pay |
| 2010 | 7.3 years of pay | 10.2 years of pay |
| 2015 | 9.4 years of pay | 15.9 years of pay |
| 2020 | 11.4 years of pay | 15.4 years of pay |
| 2025 | 11.0 years of pay | 12.0 years of pay |
In 2005 a home cost 8.0 years of pay in Redbridge and 9.3 years in Southwark. In 2025 it was 11.0 years and 12.0 years.
How rents have changed in each area
Average monthly rent for all property types, indexed so that 2015 is 100.
Show the figures
| Year | Redbridge | Southwark |
|---|---|---|
| 2015 | 100 | 100 |
| 2016 | 108 | 104 |
| 2017 | 114 | 107 |
| 2018 | 115 | 107 |
| 2019 | 117 | 108 |
| 2020 | 119 | 112 |
| 2021 | 120 | 110 |
| 2022 | 123 | 113 |
| 2023 | 129 | 124 |
| 2024 | 141 | 135 |
| 2025 | 154 | 141 |
| August 2026 | 158 | 148 |
In 2015 the average rent was £1,093 a month in Redbridge and £1,667 in Southwark. Now it is £1,726 and £2,474: up 58% in Redbridge and up 48% in Southwark. Rents have risen faster in Redbridge.
What your salary is worth in each area
Salary needed to afford the same kind of home (terraced), going by median prices and average rents.
Moving from Redbridge to Southwark
| Earning in Redbridge | Equivalent to buy in Southwark | Equivalent to rent in Southwark |
|---|---|---|
| £30,000 | £48,000 | £42,500 |
| £40,000 | £64,000 | £56,500 |
| £50,000 | £80,000 | £70,500 |
| £60,000 | £96,000 | £84,500 |
Moving from Southwark to Redbridge
| Earning in Southwark | Equivalent to buy in Redbridge | Equivalent to rent in Redbridge |
|---|---|---|
| £30,000 | £19,000 | £21,000 |
| £40,000 | £25,000 | £28,500 |
| £50,000 | £31,500 | £35,500 |
| £60,000 | £37,500 | £42,500 |