Property Data OutlookM23
12,491 recorded transactions · Part of Manchester
Compare with another area →Market outlook for M23
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.
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 £247,167 with a 25% deposit (£62k), a 2-year fixed mortgage at 3.97% costs around £975 per month.
Rent vs buy snapshot
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.
Recent sales
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.