Key indicators for buyers
The M23 market is moderately favourable for buyers. Prices have softened (-11.5%), 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 £247,167 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £975 per month.
Monthly cost comparison based on current data
Uses M23 avg. price with Manchester rental data
Monthly mortgage payments (£975) are £370 less than renting (£1,345). However, buying requires an upfront deposit of £62k — 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 |
|---|---|---|---|
36, BARRY ROAD M23 0FA | Terraced | £250,000 | 16 Jan 2026 |
1, BARFORD WALK M23 2GQ | Semi-detached | £215,000 | 13 Jan 2026 |
132, KERSCOTT ROAD M23 0GP | Semi-detached | £335,000 | 12 Jan 2026 |
13, MALSHAM ROAD M23 0JB | Semi-detached | £170,000 | 9 Jan 2026 |
4, KEATS MEWS M23 9SF | Terraced | £255,500 | 9 Jan 2026 |
39, FLOATSHALL ROAD M23 1WF | Terraced | £257,500 | 6 Jan 2026 |
19, CHARTWELL DRIVE M23 9PG | Semi-detached | £205,000 |
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 M23 sold for £247,167 in 2026, with a median of £252,750 across 6 transactions. Prices fell 11.5% compared to the previous year.
| 18 Dec 2025 |
3, JASMINE CLOSE M23 9EY | Detached | £543,000 | 18 Dec 2025 |
55, FLOATSHALL ROAD M23 1WF | Terraced | £257,500 | 12 Dec 2025 |
79, ROUNDTHORN ROAD M23 1EP | Terraced | £285,000 | 12 Dec 2025 |
29A, LAWTON MOOR ROAD M23 0BP | Semi-detached | £273,000 | 12 Dec 2025 |
12, MALDEN GROVE M23 1BT | Terraced | £212,000 | 11 Dec 2025 |
152, LAWTON MOOR ROAD M23 0PG | Terraced | £265,000 | 9 Dec 2025 |
10, BALMER DRIVE M23 2YQ | Detached | £330,000 | 8 Dec 2025 |
4B, LAWNHURST AVENUE, WYTHENSHAWE M23 9RY | Flat/Maisonette | £170,000 | 5 Dec 2025 |
60, FERNDOWN ROAD M23 9AN | Semi-detached | £475,000 | 5 Dec 2025 |
59, FOURACRES ROAD M23 1ER | Semi-detached | £240,000 | 4 Dec 2025 |
APARTMENT 18, 248, LAWNHURST AVENUE, WYTHENSHAWE M23 9SB | Flat/Maisonette | £173,000 | 1 Dec 2025 |
300, BROOKLANDS ROAD M23 9HB | Semi-detached | £715,000 | 28 Nov 2025 |
3, TOTTENHAM DRIVE, BAGULEY M23 9WH | Semi-detached | £301,000 | 28 Nov 2025 |
The most recent recorded sale in M23 was a terraced property on Barry Road for £250,000 in January 2026. Across the last 20 sales, the median price was £257,500.