Key indicators for buyers
The M4 market is moderately favourable for buyers. Prices have softened (-19.8%), 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 £218,333 with a 25% deposit (£55k), a 2-year fixed mortgage at 3.97% costs around £862 per month.
Monthly cost comparison based on current data
Uses M4 avg. price with Manchester rental data
Monthly mortgage payments (£862) are £483 less than renting (£1,345). However, buying requires an upfront deposit of £55k — 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 |
|---|---|---|---|
27, WOODWARD STREET M4 7BQ | Flat/Maisonette | £370,000 | 22 Jan 2026 |
APARTMENT 21, CONNECT HOUSE, 1, HENRY STREET M4 5DA | Flat/Maisonette | £145,000 | 20 Jan 2026 |
APARTMENT 1304, CYPRESS PLACE, 9, NEW CENTURY PARK M4 4EH | Flat/Maisonette | £230,000 | 16 Jan 2026 |
APARTMENT 41, 1, ISAAC WAY M4 7ED | Flat/Maisonette | £180,000 | 12 Jan 2026 |
FLAT 612, 22, LOOM STREET M4 6AN | Flat/Maisonette | £190,000 | 7 Jan 2026 |
APARTMENT 24, BLOCK C, 12, POLLARD STREET M4 7AL | Flat/Maisonette | £195,000 | 6 Jan 2026 |
APARTMENT PM 304, PARAGON MILL, 4, COTTON 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 M4 sold for £218,333 in 2026, with a median of £192,500 across 6 transactions. Prices fell 19.8% compared to the previous year.
| Flat/Maisonette |
| £335,000 |
| 19 Dec 2025 |
FLAT 88, HALLMARK TOWER, 6, CHEETHAM HILL ROAD M4 4GA | Flat/Maisonette | £247,500 | 19 Dec 2025 |
FLAT 28, 21, ASPIN LANE M4 4GS | Flat/Maisonette | £295,000 | 19 Dec 2025 |
25, WOODWARD STREET M4 7BQ | Semi-detached | £360,000 | 18 Dec 2025 |
APARTMENT 3.4, DESIGN HOUSE, 108, HIGH STREET M4 1HT | Flat/Maisonette | £150,000 | 18 Dec 2025 |
3, REDCLIFFE DRIVE M4 7BS | Semi-detached | £390,000 | 17 Dec 2025 |
17, PIERCY STREET M4 7HY | Terraced | £56,000 | 16 Dec 2025 |
APARTMENT 1408, CYPRESS PLACE, 9, NEW CENTURY PARK M4 4EH | Flat/Maisonette | £250,000 | 15 Dec 2025 |
FLAT 48, M M2 APARTMENTS, PICKFORD STREET M4 5BS | Flat/Maisonette | £245,000 | 12 Dec 2025 |
APARTMENT 1212, CYPRESS PLACE, 9, NEW CENTURY PARK M4 4EH | Flat/Maisonette | £247,000 | 12 Dec 2025 |
APARTMENT OS 604, ROYAL MILLS, 2, COTTON STREET M4 5BW | Flat/Maisonette | £263,500 | 12 Dec 2025 |
APARTMENT 37, CONNECT HOUSE, 1, HENRY STREET M4 5DA | Flat/Maisonette | £193,000 | 11 Dec 2025 |
APARTMENT 106, BLOCK D, 12, POLLARD STREET M4 7AT | Flat/Maisonette | £265,000 | 10 Dec 2025 |
19, MURRAYS MILLS, 50, BENGAL STREET M4 6LR | Flat/Maisonette | £385,000 | 9 Dec 2025 |
The most recent recorded sale in M4 was a flat/maisonette property on Woodward Street for £370,000 in January 2026. Across the last 20 sales, the median price was £247,500.