Key indicators for buyers
The M40 market is moderately favourable for buyers. 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 £224,683 with a 25% deposit (£56k), a 2-year fixed mortgage at 3.97% costs around £887 per month.
Monthly cost comparison based on current data
Uses M40 avg. price with Manchester rental data
Monthly mortgage payments (£887) are £458 less than renting (£1,345). However, buying requires an upfront deposit of £56k — 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 |
|---|---|---|---|
34, WATERS EDGE, MOSTON M40 3SL | Terraced | £260,000 | 19 Jan 2026 |
23, FAVERSHAM STREET M40 5AR | Semi-detached | £270,000 | 15 Jan 2026 |
31, SHACKLIFFE ROAD M40 5QT | Semi-detached | £300,000 | 9 Jan 2026 |
16, DENMORE ROAD M40 0HH | Terraced | £160,000 | 9 Jan 2026 |
114, IRON STREET M40 7BF | Terraced | £123,100 | 9 Jan 2026 |
19, TEDDINGTON ROAD M40 0DJ | Semi-detached | £235,000 | 6 Jan 2026 |
28, BLUESTONE ROAD M40 9JD | Terraced | £105,000 |
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 M40 sold for £224,683 in 2026, with a median of £247,500 across 6 transactions. Prices rose 1.5% compared to the previous year.
| 22 Dec 2025 |
64, HAWTHORN ROAD M40 3RJ | Terraced | £168,750 | 19 Dec 2025 |
33, IVY GRAHAM CLOSE M40 3AS | Semi-detached | £250,000 | 19 Dec 2025 |
33, GREENWAYS M40 3WH | Detached | £302,500 | 19 Dec 2025 |
CHAIN BAR MILL, 809, MOSTON LANE M40 5RT | Other | £150,000 | 17 Dec 2025 |
15, STANBURY WALK M40 7LY | Terraced | £262,500 | 16 Dec 2025 |
APARTMENT 9, 53, IVY GRAHAM CLOSE M40 3AX | Flat/Maisonette | £98,850 | 12 Dec 2025 |
3, CARRIAGE DRIVE M40 8RG | Semi-detached | £120,000 | 11 Dec 2025 |
66, MARCER ROAD M40 7DY | Terraced | £228,000 | 5 Dec 2025 |
7, ALFRETON WALK M40 5NE | Terraced | £105,000 | 5 Dec 2025 |
406, VICTORIA AVENUE EAST M40 5SH | Detached | £347,500 | 5 Dec 2025 |
54E, FARNBOROUGH ROAD M40 7NH | Semi-detached | £453,000 | 5 Dec 2025 |
25, INNIS AVENUE M40 1JR | Semi-detached | £195,000 | 4 Dec 2025 |
36, ROSSLYN ROAD, MOSTON M40 9PE | Semi-detached | £66,580 | 3 Dec 2025 |
The most recent recorded sale in M40 was a terraced property on Waters Edge for £260,000 in January 2026. Across the last 20 sales, the median price was £228,000.