You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in M1

House Prices in M1

The average house price in M1 (Manchester) is £263,928 using HM Land Registry data.

The average property price increased by £22,522 (51.15%) over the last 5 years and increased by £4,513 (6.6%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 63 transactions (-53.85%) relative to the previous year. The majority of house sales (37) were in the £222,000 - £268,000 range. Then came properties in the £176,000 - £222,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 90 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,316 (-2%).

In Oct 24, there were 58 new estate agency instructions, 25 agreed home sales and 81 property price reductions.

5-Year Average Property Prices in M1 (Manchester)

51.15%

Property prices in Manchester increased by 51.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in M1 (Manchester) Over the Last Year

6.6%

Property prices in Manchester increased by 6.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for M1 (Manchester) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in M1 (Manchester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in M1 (Manchester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in M1 (Manchester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the M1 (Manchester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the M1 postcode area since 1995.

Recent Sales in M1 (Manchester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Apartment 43, Velvet Court, Granby Row, Manchester, Greater Manchester, M1 7AB	£230,000	£222,000	-£8,000	01 Nov 2023	09 Jul 2024	251 Days
Apartment 4, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester, M1 7AX	£138,000	£133,000	-£5,000	14 Dec 2023	25 Apr 2024	133 Days
11 James Brindley Basin, Manchester, Greater Manchester, M1 2NL	£251,694	£150,000	-£101,694	10 Aug 2018	19 Mar 2024	2048 Days
Apartment 41, Velvet Court, Granby Row, Manchester, Greater Manchester, M1 7AB	£180,000	£180,000	£00	13 Dec 2022	30 Jun 2023	199 Days
15 Thomas Telford Basin, Manchester, Greater Manchester, M1 2NH	£425,000	£405,000	-£20,000	22 Dec 2022	30 Jun 2023	190 Days
Apartment 44, Velvet Court, Granby Row, Manchester, Greater Manchester, M1 7AB	£164,950	£163,000	-£1,950	16 Jan 2023	06 Jun 2023	141 Days
Flat 31, Granby House, Granby Row, Manchester, Greater Manchester, M1 7AR	£220,000	£203,000	-£17,000	12 May 2022	13 Feb 2023	277 Days
Apartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester, M1 7AX	£220,000	£220,000	£00	25 May 2022	20 Dec 2022	209 Days
27 Lockton Close, Manchester, Greater Manchester, M1 7JG	£200,000	£200,000	£00	13 Jul 2022	16 Dec 2022	156 Days
18 James Brindley Basin, Manchester, Greater Manchester, M1 2NL	£270,000	£270,000	£00	20 Apr 2022	10 Nov 2022	204 Days
Apartment 34, Lockes Yard, Great Marlborough Street, Manchester, Greater Manchester, M1 5AL	£225,000	£211,500	-£13,500	10 May 2022	10 Nov 2022	184 Days
30 James Brindley Basin, Manchester, Greater Manchester, M1 2NL	£335,000	£335,000	£00	08 Apr 2022	12 Aug 2022	126 Days
Flat 55, Granby House, Granby Row, Manchester, Greater Manchester, M1 7AR	£199,950	£195,000	-£4,950	28 Mar 2022	20 Jul 2022	114 Days
Flat 11, Granby House, Granby Row, Manchester, Greater Manchester, M1 7AR	£240,000	£235,000	-£5,000	24 Aug 2021	06 Jul 2022	316 Days
Flat 18, Granby House, Granby Row, Manchester, Greater Manchester, M1 7AR	£159,950	£130,000	-£29,950	06 Apr 2021	15 Mar 2022	343 Days
Apartment 40, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester, M1 7AX	£199,000	£199,000	£00	08 Sep 2021	12 Jan 2022	126 Days
17 James Brindley Basin, Manchester, Greater Manchester, M1 2NL	£425,000	£425,000	£00	14 Jun 2021	17 Sep 2021	95 Days
28 Thomas Telford Basin, Manchester, Greater Manchester, M1 2NH	£170,000	£162,000	-£8,000	19 Nov 2020	24 Jun 2021	217 Days
Flat 31, Sackville Place, Bombay Street, Manchester, Greater Manchester, M1 7AT	£199,950	£195,000	-£4,950	11 Nov 2020	16 Apr 2021	156 Days
Flat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester, M1 7AT	£215,000	£213,000	-£2,000	01 Sep 2020	29 Mar 2021	209 Days

Most Expensive Streets in M1 (Manchester)

Postcode	Street	Area	Average	No. of Sales
M1 3WB	Richmond Street	Manchester	£521,109	3
M1 5BG	River Street	Manchester	£514,046	3
M1 2FR	Millbank Street	Manchester	£401,765	6
M1 5JD	Axis Tower 9, Whitworth Street West, Manchester	Manchester	£395,737	62
M1 2HN	Dale Street	Manchester	£376,321	5
M1 2FU	Oxygen Tower 50, Store Street, Manchester	Manchester	£363,325	37
M1 3AT	Whitworth Street	Manchester	£351,328	26
M1 3AW	Whitworth Street	Manchester	£339,303	35
M1 2EX	Chapeltown Street	Manchester	£338,137	43
M1 2FW	Store Street	Manchester	£336,618	60

Least Expensive Streets in M1 (Manchester)

Postcode	Street	Area	Average	No. of Sales
M1 7DU	Oxford Road	Manchester	£122,500	3
M1 2EH	Hilton Street	Manchester	£138,907	19
M1 1EB	Houldsworth Street	Manchester	£144,080	5
M1 1EU	Newton Street	Manchester	£155,511	9
M1 5DE	Whitworth Street West	Manchester	£172,750	4
M1 2HS	Dale Street	Manchester	£175,884	13
M1 7AR	Granby House, Granby Row	Manchester	£177,600	9
M1 3AB	Whitworth Street	Manchester	£181,862	8
M1 6JB	Princess Street	Manchester	£184,671	15
M1 7EP	Princess Street	Manchester	£185,150	3