Market outlook for M9
Key indicators for buyers
The M9 market is moderately favourable for buyers. Prices are rising at 47.3%, 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 £277,400 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,095 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M9 avg. price with Manchester rental data
Monthly mortgage payments (£1,095) are £250 less than renting (£1,345). However, buying requires an upfront deposit of £69k — it would take around 6 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 |
|---|---|---|---|
15, KINGSLEY AVENUE M9 4QL | Detached | £290,000 | 22 Jan 2026 |
149, WATERLOO STREET M9 8AN | Terraced | £255,000 | 14 Jan 2026 |
23, ASHDOWN AVENUE M9 6PR | Terraced | £332,000 | 9 Jan 2026 |
127, FACTORY LANE M9 8AF | Semi-detached | £260,000 | 9 Jan 2026 |
14, INVERNESS AVENUE M9 6HN | Semi-detached | £250,000 | 9 Jan 2026 |
143, ASHLEY LANE M9 4WR | Terraced | £210,000 | 19 Dec 2025 |
APARTMENT 15, 261, VICTORIA AVENUE EAST M9 7GH | Flat/Maisonette | £95,000 |
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.