Area Guide For Manchester

Manchester is one of the main counties and the metropolitan city of Greater Manchester, which lies in the south part of North West England. Manchester is one of the first industrial cities in England and along with its industrial reputation it has worldwide fame for sports. The city had the honour of hosting the Commonwealth Games in 2002 and its football team, Manchester United, has fans all over the world. This multi-cultural city is also known for being home to some of UK’s leading music bands like Oasis, Happy Monday and New Order.


Manchester Map

Estimated Price: £159,255
Average Asking Price: £210,423
Price change in last one year: £10,764
Average Price Paid: £142,681
Average Rent Rates: £1,366


Property Prices Breakdown in Manchester

Average Price for property in Manchester is around £159,255 which varies based on type of property you are interested in and ranges from £274,727 for detached house to around £170,906 for semi-detached. Similarly terraced house is around £118,640 and a flat is worth £150,435. Values have been changing and have risen £137 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £138 in last 6 months, £10,764 in last 1 year, £16,757 in last 2 years, £17,776 in last 3 years, £16,523 in last 4 years and £14,656 in last 5 years.

Currently average asking price of a property in Manchester is around £210,423 based on approximately 10,461 properties for sale. Same is the case with rental options based on 4,639 properties up for rent, average asking rent is around £1,366 per month.

Estimated property value in Manchester is £159,255. Average asking price is £210,423 while average price paid is £148,972 which is up by £10,764 and Avg. asking rent £1,366.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Manchester area. In last 1 year alone average price buyer paid is around £148,972 based on approximately 10,461 sales in Manchester area alone. If you compare it to last 3 years sales of 29,956 properties where buyers paid around £144,374. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £142,681 for 48,411 and average amount paid for purchase of approx. 67,417 properties sold in last 7 years comes to about £141,440 per sale.


Properties For Sale in Manchester


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £132,473, £111,262 for a 2 bedroom house, £152,912 for a 3 bedroom house, £282,282 for a 4 bedroom house and £442,502 for a 5 bedroom house. For a flat similarly the prices varies from £105,317 for a single bedroom to £148,392 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £202,992, £383,725 for a 4 bedroom flat and £373,750 for a 5 bedroom flat. To sum up the asking prices for properties in Manchester it comes to around average £107,181 for 1 bedroom property, £128,493 for 2 bedroom, £154,224 for 3 bedroom, £283,394 for 4 bedroom and £441,252 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £520 for 1 bedroom to £555 for 2 bedrooms, £741 for 3 bedrooms, £1,146 for 4 bedrooms and £1,423 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £564. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £733, £1,181 for 3 bedroom, £1,370 for 4 bedroom and around £1,824 for 5 bedroom flat. You should be generally be expecting around average £554 rent per month for single bedroom property, £687 for 2 bedroom, £827 for 3 bedroom, £1,165 for 4 bedroom and approximately £1,456 for a 5 bedroom property in Manchester area.

Popular Houses in Manchester

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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