Key indicators for buyers
The M12 market is moderately favourable for buyers. Prices have softened (-54.5%), 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 £155,000 with a 25% deposit (£39k), a 2-year fixed mortgage at 3.97% costs around £612 per month.
Monthly cost comparison based on current data
Uses M12 avg. price with Manchester rental data
Monthly mortgage payments (£612) are £733 less than renting (£1,345). However, buying requires an upfront deposit of £39k — it would take around 3 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
13, SULLIVAN STREET M12 4WS | Terraced | £175,000 | 26 Jan 2026 |
33, LONGDEN ROAD M12 5SR | Terraced | £164,000 | 23 Jan 2026 |
11, GILES STREET M12 5GE | Terraced | £110,000 | 8 Jan 2026 |
3, METHUEN STREET M12 5TF | Terraced | £171,000 | 6 Jan 2026 |
48, BEASTOW ROAD M12 5GS | Semi-detached | £345,000 | 19 Dec 2025 |
22, HEMMONS ROAD M12 5TA | Terraced | £170,000 | 17 Dec 2025 |
5, PENCOMBE CLOSE M12 4TA | Semi-detached | £230,000 |
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 M12 sold for £155,000 in 2026, with a median of £167,500 across 4 transactions. Prices fell 54.5% compared to the previous year.
| 16 Dec 2025 |
22, BLAKEY STREET M12 5QF | Terraced | £90,000 | 15 Dec 2025 |
39, PARKIN STREET M12 5RL | Terraced | £150,000 | 11 Dec 2025 |
25, TARRINGTON CLOSE M12 4TB | Detached | £265,000 | 28 Nov 2025 |
FLAT 11, 699, HYDE ROAD M12 5PS | Flat/Maisonette | £130,500 | 28 Nov 2025 |
28, PRESTAGE STREET, LONGSIGHT M12 4GQ | Terraced | £130,000 | 26 Nov 2025 |
38, BARNBY STREET M12 4WU | Terraced | £143,000 | 25 Nov 2025 |
10, AINSDALE STREET M12 5DQ | Terraced | £130,000 | 25 Nov 2025 |
13, LOCKHART CLOSE M12 4JY | Detached | £160,000 | 21 Nov 2025 |
5, PERCH CLOSE M12 5GW | Semi-detached | £235,000 | 3 Nov 2025 |
116, LONGDEN ROAD M12 5SJ | Terraced | £210,000 | 24 Oct 2025 |
146, NORTHMOOR ROAD M12 5RS | Terraced | £150,000 | 22 Oct 2025 |
67, OLLIER AVENUE M12 5SW | Terraced | £183,000 | 17 Oct 2025 |
31, TROWTREE AVENUE M12 5LR | Detached | £390,000 | 15 Oct 2025 |
The most recent recorded sale in M12 was a terraced property on Sullivan Street for £175,000 in January 2026. Across the last 20 sales, the median price was £170,000.