Key indicators for buyers
The M15 market is moderately favourable for buyers. Prices have softened (-17.0%), 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 £226,500 with a 25% deposit (£57k), a 2-year fixed mortgage at 3.97% costs around £894 per month.
Monthly cost comparison based on current data
Uses M15 avg. price with Manchester rental data
Monthly mortgage payments (£894) are £451 less than renting (£1,345). However, buying requires an upfront deposit of £57k — it would take around 5 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 11, TARN HOUSE, 60, ELLESMERE STREET M15 4QQ | Flat/Maisonette | £184,000 | 15 Jan 2026 |
APARTMENT 7, LAKE HOUSE, 66, ELLESMERE STREET M15 4QT | Flat/Maisonette | £170,000 | 14 Jan 2026 |
FLAT 507, CASTLEGATE, 2, CHESTER ROAD M15 4QG | Flat/Maisonette | £350,000 | 9 Jan 2026 |
APARTMENT 454, 4, KELSO PLACE M15 4GT | Flat/Maisonette | £210,000 | 9 Jan 2026 |
FLAT 502, 2, HULME HALL ROAD M15 4LY | Flat/Maisonette | £290,000 | 9 Jan 2026 |
APARTMENT 1136, 1, KELSO PLACE M15 4LE | Flat/Maisonette | £210,000 | 9 Jan 2026 |
FLAT 410, CASTLEGATE, 2, CHESTER ROAD |
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 M15 sold for £226,500 in 2026, with a median of £210,000 across 8 transactions. Prices fell 17.0% compared to the previous year.
| Flat/Maisonette |
| £210,000 |
| 8 Jan 2026 |
APARTMENT 226, TIMBER WHARF, 32, WORSLEY STREET M15 4NX | Flat/Maisonette | £188,000 | 8 Jan 2026 |
APARTMENT 147, 1, JORDAN STREET M15 4QX | Flat/Maisonette | £210,000 | 19 Dec 2025 |
APARTMENT 63, 99, GREENHEYS LANE WEST M15 5AX | Flat/Maisonette | £130,000 | 19 Dec 2025 |
APARTMENT 702, LUMIERE BUILDING, 38, CITY ROAD EAST M15 4QN | Flat/Maisonette | £188,000 | 19 Dec 2025 |
APARTMENT 13, BROOK HOUSE, 64, ELLESMERE STREET M15 4QS | Flat/Maisonette | £130,000 | 19 Dec 2025 |
APARTMENT 410, THE BOX WORKS, 4, WORSLEY STREET M15 4NU | Flat/Maisonette | £230,000 | 15 Dec 2025 |
FLAT A2703, 9, OWEN STREET M15 4TQ | Flat/Maisonette | £357,000 | 12 Dec 2025 |
54, HUNMANBY AVENUE M15 5FE | Flat/Maisonette | £200,000 | 12 Dec 2025 |
APARTMENT 37, THE ROPEWORKS, 35, LITTLE PETER STREET M15 4QJ | Flat/Maisonette | £160,000 | 12 Dec 2025 |
17, BENTINCK STREET M15 4RS | Terraced | £475,000 | 12 Dec 2025 |
3, COLIN MURPHY ROAD M15 5RS | Flat/Maisonette | £185,000 | 12 Dec 2025 |
APARTMENT 214, 42, ELLESMERE STREET M15 4FY | Flat/Maisonette | £110,000 | 12 Dec 2025 |
2, ROOK STREET M15 5PS | Flat/Maisonette | £132,500 | 9 Dec 2025 |
The most recent recorded sale in M15 was a flat/maisonette property on Ellesmere Street for £184,000 in January 2026. Across the last 20 sales, the median price was £200,000.