Market outlook for M99
Key indicators for buyers
The M99 market is moderately favourable for buyers. 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 M99 sold for £740,500 in 2015, with a median of £740,500 across 1 transactions.
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 £740,500 with a 25% deposit (£185k), a 2-year fixed mortgage at 3.97% costs around £2,922 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M99 avg. price with Manchester rental data
Monthly mortgage payments (£2,922) are £1,577 more than renting (£1,345). However, buying requires an upfront deposit of £185k — it would take around 88 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 |
|---|---|---|---|
J D WILLIAMS, HUNTS BANK M99 1SA | Other | £740,500 | 26 Jun 2015 |
The most recent recorded sale in M99 was a other property on Hunts Bank for £740,500 in June 2015. Across the last 1 sales, the median price was £740,500.
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.