Key indicators for buyers
The M1 market is moderately favourable for buyers. Prices have softened (-47.1%), which could present a buying opportunity. Affordability has improved from a peak of 7.2x in 2021 to 6.1x today. Rising rents (£1,345/mo, +2.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Manchester area
A home in Manchester costs 6.1x the local median salary — moderate, improving from a peak of 7.2x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Manchester area
Average monthly rent in Manchester is £1,345, up 2.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Manchester price of £213,750 with a 25% deposit (£53k), a 2-year fixed mortgage at 3.97% costs around £844 per month.
Monthly cost comparison based on current data
Uses M1 avg. price with Manchester rental data
Monthly mortgage payments (£844) are £501 less than renting (£1,345). However, buying requires an upfront deposit of £53k — it would take around 4 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
APARTMENT 408, 51, WHITWORTH STREET WEST M1 5EB | Flat/Maisonette | £202,500 | 7 Jan 2026 |
FLAT 2, THE SORTING HOUSE, 83, NEWTON STREET M1 1EP | Flat/Maisonette | £225,000 | 6 Jan 2026 |
FLAT 321, CRUSADER MILL, 70, CHAPELTOWN STREET M1 2EX | Flat/Maisonette | £335,000 | 19 Dec 2025 |
APARTMENT 112, 51, WHITWORTH STREET WEST M1 5EA | Flat/Maisonette | £315,000 | 19 Dec 2025 |
FLAT 2, 35A, WHITWORTH STREET WEST M1 5ND | Flat/Maisonette | £250,000 | 18 Dec 2025 |
FLAT 406, CARDING BUILDING, 42, WHITWORTH STREET M1 3AR | Flat/Maisonette | £230,000 | 16 Dec 2025 |
FLAT A606, OXYGEN TOWER, 50, STORE STREET |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in M1 sold for £213,750 in 2026, with a median of £213,750 across 2 transactions. Prices fell 47.1% compared to the previous year.
| Flat/Maisonette |
| £195,000 |
| 16 Dec 2025 |
APARTMENT 21, 37, CHAPELTOWN STREET M1 2AT | Flat/Maisonette | £262,500 | 15 Dec 2025 |
APARTMENT 226, THE QUADRANGLE, 1, LOWER ORMOND STREET M1 5QE | Flat/Maisonette | £410,000 | 5 Dec 2025 |
UNIT 2, 23 - 25, HILTON STREET M1 1EL | Other | £290,000 | 4 Dec 2025 |
FLAT 7, 1, DALE STREET M1 1JA | Flat/Maisonette | £367,500 | 3 Dec 2025 |
APARTMENT 22, VELVET HOUSE, 60, SACKVILLE STREET M1 3WE | Flat/Maisonette | £166,500 | 28 Nov 2025 |
APARTMENT 8, JACKSONS WAREHOUSE, 20, TARIFF STREET M1 2FJ | Flat/Maisonette | £260,000 | 21 Nov 2025 |
APARTMENT 4, QUANTUM, 2, CHAPELTOWN STREET M1 2BJ | Flat/Maisonette | £185,000 | 11 Nov 2025 |
FLAT A607, OXYGEN TOWER, 50, STORE STREET M1 2FS | Flat/Maisonette | £275,000 | 7 Nov 2025 |
FLAT A1007, OXYGEN TOWER, 50, STORE STREET M1 2FS | Flat/Maisonette | £280,000 | 6 Nov 2025 |
APARTMENT 8, LOCKES YARD, 4, GREAT MARLBOROUGH STREET M1 5AL | Flat/Maisonette | £272,000 | 31 Oct 2025 |
FLAT 42, STONEBRIDGE HOUSE, 5, COBOURG STREET M1 3GB | Flat/Maisonette | £150,000 | 28 Oct 2025 |
FLAT 507, 72, CHAPELTOWN STREET M1 2EY | Flat/Maisonette | £190,000 | 24 Oct 2025 |
FLAT 503, 72, CHAPELTOWN STREET M1 2EY | Flat/Maisonette | £285,000 | 24 Oct 2025 |
The most recent recorded sale in M1 was a flat/maisonette property on Whitworth Street West for £202,500 in January 2026. Across the last 20 sales, the median price was £262,500.