Market outlook for M8
Key indicators for buyers
The M8 market is moderately favourable for buyers. Prices are rising at 38.1%, which may favour acting sooner rather than later. 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 £281,667 with a 25% deposit (£70k), a 2-year fixed mortgage at 3.97% costs around £1,112 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M8 avg. price with Manchester rental data
Monthly mortgage payments (£1,112) are £233 less than renting (£1,345). However, buying requires an upfront deposit of £70k — it would take around 7 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 |
|---|---|---|---|
28, BRIGHTSIDE ROAD M8 5XJ | Semi-detached | £245,000 | 26 Jan 2026 |
74, MEADE HILL ROAD M8 4LP | Semi-detached | £385,000 | 23 Jan 2026 |
58, BARROW HILL ROAD M8 8DB | Semi-detached | £215,000 | 20 Jan 2026 |
69, BRYNORME ROAD M8 4GW | Semi-detached | £50,000 | 29 Dec 2025 |
9, ABERCARN CLOSE M8 9AL | Flat/Maisonette | £85,000 | 23 Dec 2025 |
82, CARDINAL STREET M8 0WP | Semi-detached | £290,000 | 17 Dec 2025 |
23, ENVER ROAD M8 5UN | Terraced | £165,000 |
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.