Pending25/00986/ful
10
units
erection of a two-storey and single storey rear extensions with roof alterations and conversion from 4 flats into 10 flats (7x1, 2x2, 1x3 bedrooms) with associated parking and cycle/bin storage
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Hampshire · Q3 2026
Southampton Q3 2026: 33 approvals and 129 homes as approval rate reaches 86.8%
Approvals rose to 33 from 17 in Q2 2026, led by a 47-flat reserved matters consent, while the flat median of £160,000 is the main valuation benchmark.
- Median sale price
- £250,000
- Median price trend
- £250k
- Pending dev applications
- 45
- Pipeline value (GDV)
- £12.8m
-2% YoY
68 units
85% approval rate (recent decisions)
Southampton's local planning authority approved 33 applications in Q3 2026, covering 129 homes, at an approval rate of 86.8%. The 45 applications still awaiting decision propose 68 homes with an estimated GDV of £12.8m. The median sold price was £250,000 over the 12 months to 30 June 2026.
What's driving the Southampton market
Southampton's local planning authority approved 33 applications in Q3 2026, refused 5 and saw 3 withdrawn, giving an approval rate of 86.8%. In Q2 2026 there were 17 approvals and the rate was 77.3%. In Q3 2025 there were 13 approvals, 8 refusals and a rate of 61.9%. Schemes approved this quarter account for 129 homes. Over the 12 months to 30 September 2026 the authority approved 101 applications and refused 18, an approval rate of 85%. These figures cover the whole local planning authority area, not any single neighbourhood. The data comes from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Decisions made in the final days of the quarter may not all be included yet. No Q3 2026 decisions were recorded without an outcome. All the refusals were small schemes. The largest was 26/00806/PA56, a prior approval for 5 studio flats in Class E space at SO14 7DT, refused on 18 September 2026. Also refused were a prior approval for one extra-storey flat at SO14 1PG (26/00903/PA2A) and a change of use from a house to a 7 bed HMO at SO16 6PZ (26/00845/FUL).
Market data at a glance
The Southampton numbers, visualised
Median sale price by property type
3,711 sales clearing across the type-mix
F£160,000
£160k
T£260,000
£260k
S£300,000
£300k
D£381,250
£381k
Source: HM Land Registry Price Paid, rolling 12 months.
New build mix
+0.7% premium16
3,695
New build · 0.4%Existing stock
Planning approval rate
85%approved
of 119 decided applicationsSouthampton quarterly median price & volume
Median sale priceTransactions
Source: HM Land Registry Price Paid Data. Median computed across all registered transactions per period.
How Southampton compares
Market
Median
YoY
12m txns
Southampton
£250,000
-2%
3,711
South East average
£400,000
+1.1%
—
UK average
£285,000
+1.4%
—
Development pipeline
Live planning activity in Southampton
The largest approval this quarter was 26/00709/REM, decided on 29 September 2026. It approves the appearance and landscaping of a 6-storey building of up to 47 flats at SO17 2JZ, following outline permission 22/00988/OUT. The next largest approvals were much smaller:
- 9 flats (7 net new) at SO17 2JT under 23/00349/OUT
- 7 one-bedroom flats above a ground floor commercial unit at SO14 3LW (26/00031/FUL)
- a conversion from Class E to 7 dwellings at SO16 2AG (26/00536/FUL), listed against Period Projects Limited
- 6 one-bed flats at SO17 1QN (26/00201/FUL), listed against Thistle Ledge
- a 6-flat upward extension at SO15 2LE under prior approval (26/00744/PA2A)
Looking ahead, 45 applications are awaiting decision, proposing 68 homes with an estimated GDV of £12.8m. That GDV is estimated from local sold-price medians by property type. The largest by value is 25/00986/ful from golden angel ltd, which would convert 4 flats into 10 (6 net new). It is estimated at £1.6m and was received on 18/08/2025. Three 5-home schemes follow at an estimated £800k each, including 26/00982/FUL from My Way to Go Ltd at SO19 7QT and 26/00341/FUL from Peter Ernest Homes Ltd at SO15 2FD.
Top schemes by GDV in the pipeline
Notable pending applications
Pending26/00982/FUL
5
units
Redevelopment of the site. Erection of a 2-storey building containing 5 flats (2x 2-bed, 3x 1-bed) with associated cycle/refuse storage
Pending26/00686/FUL
5
units
Partial adjustment of site levels and construct part 2/part 4 level building with roof terrace, for use as specialist supported accommodation of mixed use (Class C2/C3) comprising 5 x 1 bed flats, with associated enclosed garden, communal accommodation and staff office, bin and bicycle stores and parking, following removal of existing poster hoardings.
Pending26/00341/FUL
5
units
Conversion into 5 (1 x 1-bedroom, 4 x 2-bedroom) flats with extension to mansard roof at rear to provide accommodation in roofspace and retention of part of ground floor as office with associated cycle and refuse storage
Pending26/00961/FUL
3
units
Erection of 3 x two-storey dwellings (1 x 3-bedroom, 2 x 2-bedroom) with associated amenities.
Pending26/00990/OUT
4
units
Erection of a four-storey building (including basement and rooms in the roof) with rear dormer window containing 1 x commercial unit (Class E) and 4 x one bedroom flats with associated works. (Outline application seeking approval for Access, Appearance, Layout and Scale only).
Source: Southampton planning records via Landstack. GDV estimates use local sales medians by property type.
Sales activity
Recent Southampton sold prices
HM Land Registry Price Paid Data for the 12 months to 30 June 2026 shows a median price of £250,000 across 3,711 transactions, 2% lower year on year. Medians by property type were:
- detached: £381,250
- semi-detached: £300,000
- terraced: £260,000
- flats: £160,000
Quarterly medians have stayed in a narrow band: £252,750 in 2025-Q4, £255,000 in 2026-Q1 and £245,000 in 2026-Q2. The 553 transactions so far for 2026-Q2 do not mean activity fell. Land Registry registers sales weeks or months after completion, so the latest quarter is still filling. Only 16 new-build sales have been registered so far, which leaves little direct new-build evidence for valuers. More recent registrations include flats at SO15 2GS for £158,500 and at SO15 8AJ for £210,000, and a semi-detached house at SO15 5AQ for £430,000, all in August 2026. For flat-led schemes, the £160,000 flat median is the main reference point for appraisals.
Latest registered sales
Land Registry · 3 October 2026| Date | Address | Type | Tenure | Price |
|---|---|---|---|---|
26 August 2026 | 45, WESTFIELD ROAD | S | F | £380,000 |
24 August 2026 | 184, MIDANBURY LANE | D | F | £342,000 |
24 August 2026 | FLAT 5, DORCHESTER COURT, HULSE ROAD | F | L | £158,500 |
21 August 2026 | 176, LUDLOW ROAD | T | F | £265,000 |
20 August 2026 | 24, FITZROY CLOSE | T | F | £318,000 |
19 August 2026 | 24, AVENUE ROAD | T | F | £191,671 |
19 August 2026 | FLAT 7, THE KEEP, 113, REGENTS PARK ROAD | F | L | £210,000 |
18 August 2026 | 60, NORFOLK ROAD | S | F | £430,000 |
Southampton approved 33 applications in Q3 2026 at an 86.8% approval rate, against 61.9% a year earlier, but its pipeline is still made up of small schemes.
For developers
What this means for Southampton schemes
The approval rate rose in Q3 2026, but the type of scheme getting through matters as much. Apart from the 47-flat reserved matters consent, the largest approvals were 6 to 9 units: conversions, upward extensions and changes of use from Class E. These suit smaller developers working to tight margins. The flat median was £160,000 over the 12 months to 30 June 2026 and only 16 new-build sales have been registered so far. One-bed and studio appraisals therefore need conservative GDV assumptions, and lenders will check them against that evidence. Prior approval is not automatic: a PA56 and a PA2A application were both refused this quarter, so plan for a full planning application as a fallback. Construction Capital arranges senior development finance from 6.5% p.a., up to 65-70% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs. Bridging, completing in 5-10 days, can secure a site or a building while it awaits conversion consent. Our panel includes 100+ lenders, family offices and equity partners.
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Outlook
The next 12 months in Southampton
Southampton enters Q4 2026 with supportive planning conditions. The approval rate was 85% over the 12 months to 30 September 2026 and 86.8% in the latest quarter. The pending pipeline is modest: 45 applications proposing 68 homes, with an estimated GDV of £12.8m. The largest pending scheme is 10 homes. That points to continued activity among smaller developers rather than a run of large consents. Prices are steady rather than rising: the median is £250,000, down 2% year on year. Margins will therefore depend on controlling build costs and setting realistic exit values, not on price growth. Next quarter we will watch three things. First, whether the Q3 approval rate holds once all late-quarter decisions are recorded. Second, how 25/00986/ful and the 5-home schemes are decided. Third, whether further 2026-Q2 sales registrations move the quarterly median from £245,000. Developers preparing schemes should arrange funding before consent is granted, so they can start on site promptly.
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Sources: HM Land Registry Price Paid Data (sold prices); Southampton planning records via Landstack (planning applications); ONS House Price Index (regional benchmarks). Report generated 5 October 2026 by Construction Capital's market intelligence team.
Methodology: Pending GDV is estimated by multiplying declared unit counts by local sales medians for the corresponding property type. Approval rate is the share of decided applications (last 12 months) granted permission. Sold-price changes are year-on-year comparisons of the median sale price. Pipeline activity refers to residential development applications only — household extensions, conditions variations, and other non-development applications are excluded. Construction Capital is a trading name of Lenzie Consulting Ltd. (08174104).