Key indicators for buyers
The M60 market is moderately favourable for buyers. Prices have softened (-73.5%), 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
The average property in M60 sold for £8,750,000 in 2023, with a median of £8,750,000 across 1 transactions. Prices fell 73.5% compared to the previous year.
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 £8,750,000 with a 25% deposit (£2.2M), a 2-year fixed mortgage at 3.97% costs around £34,531 per month.
Monthly cost comparison based on current data
Uses M60 avg. price with Manchester rental data
Monthly mortgage payments (£34,531) are £33,186 more than renting (£1,345). However, buying requires an upfront deposit of £2.2M — it would take around 182292 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
POST OFFICE, MANCHESTER CIT DEPOT, ADMIRAL HOUSE, THOMPSON STREET M60 0AA | Other | £8,750,000 | 12 May 2023 |
TRINITY COURT, 16, JOHN DALTON STREET M60 8HS | Other | £33,068,294 | 20 May 2022 |
LAMBERT HALL, GRANBY ROW M60 7LH | Other | £48,420,000 | 15 May 2020 |
16, PETER STREET M60 2DS | Other | £93,100,000 | 22 Dec 2017 |
COMMERCIAL UNION HOUSE, 2 - 10, ALBERT SQUARE M60 8AD | Other | £308,707 | 23 Nov 2017 |
REDFERN BUILDING, REDFEARN STREET M60 0AE | Other | £1,725,204 | 4 Jun 2014 |
TRINITY COURT, 16, JOHN DALTON STREET M60 8HS |
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.
| Other |
| £11,715,000 |
| 13 Mar 2014 |
2E, OAK COURT, GILLBROOK ROAD, MANCHESTER M60 2WH | Flat/Maisonette | £135,000 | 26 Apr 2001 |
The most recent recorded sale in M60 was a other property on Thompson Street for £8,750,000 in May 2023. Across the last 8 sales, the median price was £11,715,000.