Market outlook for M90
Key indicators for buyers
The M90 market is moderately favourable for buyers. Prices have softened (-51.6%), 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
The average property in M90 sold for £2,905,500 in 2024, with a median of £2,905,500 across 2 transactions. Prices fell 51.6% compared to the previous year.
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 £2,905,500 with a 25% deposit (£726k), a 2-year fixed mortgage at 3.97% costs around £11,466 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M90 avg. price with Manchester rental data
Monthly mortgage payments (£11,466) are £10,121 more than renting (£1,345). However, buying requires an upfront deposit of £726k — it would take around 60531 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 |
|---|---|---|---|
ETROP GRANGE HOTEL, BAILEY LANE, MANCHESTER AIRPORT M90 4EG | Other | £5,600,000 | 9 Jul 2024 |
HILTON HOTEL, OUTWOOD LANE, MANCHESTER AIRPORT M90 4WP | Other | £211,000 | 23 Jan 2024 |
6, CHICAGO AVENUE, MANCHESTER AIRPORT M90 3AH | Other | £6,000,000 | 7 Feb 2022 |
ETROP GRANGE HOTEL, BAILEY LANE, MANCHESTER AIRPORT M90 4EG | Other | £2,477,998 | 24 Jun 2021 |
4, SUNBANK LANE, AIRPORT CITY M90 5AD | Other | £15,000,000 | 22 Oct 2020 |
HANGAR 1, WESTERN MAINTENANCE AREA, MANCHESTER AIRPORT M90 5FL | Other | £44,940,000 | 14 Oct 2020 |
UNIT 4, ICON PARK, MANCHESTER AIRPORT |
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.