Market outlook for M16
Key indicators for buyers
The M16 market is moderately favourable for buyers. Prices have softened (-28.7%), 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.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
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.
Rental trends
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.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Manchester price of £241,667 with a 25% deposit (£60k), a 2-year fixed mortgage at 3.97% costs around £954 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M16 avg. price with Manchester rental data
Monthly mortgage payments (£954) are £391 less than renting (£1,345). However, buying requires an upfront deposit of £60k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
20, MARLBOROUGH AVENUE M16 0AJ | Terraced | £377,000 | 23 Jan 2026 |
FLAT 7, CRYSTAL HOUSE, WITHINGTON ROAD M16 8BA | Flat/Maisonette | £160,500 | 23 Jan 2026 |
19, WALTER STREET, OLD TRAFFORD M16 9GB | Terraced | £300,000 | 20 Jan 2026 |
18, CARLTON STREET M16 7GT | Terraced | £355,000 | 19 Jan 2026 |
38, WORTHINGTON STREET, OLD TRAFFORD M16 9LA | Terraced | £225,000 | 16 Jan 2026 |
FLAT 45, CRYSTAL HOUSE, WITHINGTON ROAD M16 8BA | Flat/Maisonette | £110,000 | 15 Jan 2026 |
63, RABY STREET M16 7DJ |
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.