Key indicators for buyers
The M2 market is moderately favourable for buyers. Prices have softened (-67.2%), 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
2025averages · 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 £2,230,178 with a 25% deposit (£558k), a 2-year fixed mortgage at 3.97% costs around £8,801 per month.
Monthly cost comparison based on current data
Uses M2 avg. price with Manchester rental data
Monthly mortgage payments (£8,801) are £7,456 more than renting (£1,345). However, buying requires an upfront deposit of £558k — it would take around 46462 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 4, 8, KING STREET M2 6AQ | Flat/Maisonette | £293,775 | 17 Dec 2025 |
24, KING STREET M2 6AG | Flat/Maisonette | £900,000 | 2 Sept 2025 |
6, OXFORD COURT M2 3WQ | Other | £1,200,000 | 23 May 2025 |
FLAT 4, 11, CHAPEL WALKS M2 1AF | Flat/Maisonette | £330,000 | 21 May 2025 |
40 - 42, JOHN DALTON STREET M2 6LE | Terraced | £380,000 | 8 May 2025 |
11, OXFORD COURT M2 3WQ | Flat/Maisonette | £595,000 | 15 Apr 2025 |
9, SOUTHMILL STREET M2 5PJ | Other | £11,000,000 |
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 M2 sold for £2,230,178 in 2025, with a median of £679,000 across 10 transactions. Prices fell 67.2% compared to the previous year.
| 18 Mar 2025 |
NORFOLK HOUSE, 7, NORFOLK STREET M2 1ZU | Other | £6,500,000 | 6 Mar 2025 |
FLAT 2, 9, CHAPEL WALKS M2 1AE | Flat/Maisonette | £340,000 | 28 Feb 2025 |
16, OXFORD COURT M2 3WQ | Detached | £763,000 | 8 Jan 2025 |
59, CROSS STREET M2 4JW | Other | £5,516,851 | 23 Dec 2024 |
47, MOSLEY STREET M2 3HQ | Other | £13,683,329 | 19 Dec 2024 |
FLAT 5, 9, CHAPEL WALKS M2 1AE | Flat/Maisonette | £230,000 | 16 Dec 2024 |
27, KING STREET M2 6AF | Other | £875,000 | 10 Dec 2024 |
FLAT 7, 9, CHAPEL WALKS M2 1AE | Flat/Maisonette | £270,000 | 29 Nov 2024 |
FLAT 8, 9, CHAPEL WALKS M2 1AE | Flat/Maisonette | £290,000 | 26 Nov 2024 |
73, KING STREET M2 4NG | Other | £7,900,000 | 8 Oct 2024 |
81, FOUNTAIN STREET M2 2EE | Other | £6,100,000 | 30 Sept 2024 |
FLAT 2, 11, CHAPEL WALKS M2 1AF | Flat/Maisonette | £425,000 | 30 Sept 2024 |
82, KING STREET M2 4WQ | Other | £22,933,054 | 3 Sept 2024 |
The most recent recorded sale in M2 was a flat/maisonette property on King Street for £293,775 in December 2025. Across the last 20 sales, the median price was £875,000.