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House Prices in M5

The average house price in M5 (Salford) is £202,442 using HM Land Registry data.

The average property price increased by £38,435 (54.44%) over the last 5 years and increased by £7,684 (6.89%) over the last 12 months.

Over the last year, there were 165 residential property sales – a decrease of 111 transactions (-67.27%) relative to the previous year. The majority of house sales (36) were in the £120,000 - £148,000 range. Then came properties in the £148,000 - £176,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 130 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,325 (-3%).

In June 2024, there were 55 new estate agency instructions, 31 agreed home sales and 54 property price reductions.

5-Year Average Property Prices in M5 (Salford)

54.44%

Property prices in Salford increased by 54.44% 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 M5 (Salford) Over the Last Year

6.89%

Property prices in Salford increased by 6.89% 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 M5 (Salford) - June 2024

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 M5 (Salford)

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 M5 (Salford)

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 M5 (Salford)

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 M5 (Salford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the M5 postcode area since 1995.

Recent Sales in M5 (Salford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
3 James Henry Avenue, Salford, Greater Manchester, M5 3HR	£270,000	£251,000	-£19,000	15 Nov 2023	01 May 2024	168 Days
26 Gore Avenue, Salford, Greater Manchester, M5 5LG	£260,000	£257,500	-£2,500	26 Sep 2023	26 Apr 2024	213 Days
18 Kensington Drive, Salford, Greater Manchester, M5 5LS	£225,000	£225,000	£00	11 Dec 2023	01 Mar 2024	81 Days
17 Whimberry Close, Salford, Greater Manchester, M5 3WL	£200,000	£190,000	-£10,000	16 Oct 2023	25 Jan 2024	101 Days
Flat 48, Knights Court, Canterbury Gardens, Salford, Greater Manchester, M5 5AB	£130,000	£127,500	-£2,500	22 Aug 2023	19 Jan 2024	150 Days
229 Liverpool Street, Salford, Greater Manchester, M5 4HS	£170,000	£170,000	£00	05 Oct 2023	15 Jan 2024	102 Days
7 Hart Hill Drive, Salford, Greater Manchester, M5 5LX	£230,000	£225,000	-£5,000	27 Jul 2023	08 Dec 2023	134 Days
74 Tootal Drive, Salford, Greater Manchester, M5 5ER	£210,000	£204,000	-£6,000	30 Mar 2023	05 Dec 2023	250 Days
Apartment 19, Renolds House, Everard Street, Salford, Greater Manchester, M5 4UB	£155,000	£153,000	-£2,000	21 Aug 2023	01 Dec 2023	102 Days
5 Little Bolton Terrace, Salford, Greater Manchester, M5 5BD	£140,000	£140,000	£00	25 Mar 2023	22 Nov 2023	242 Days
Flat 7, Squires Court, Canterbury Gardens, Salford, Greater Manchester, M5 5AD	£120,000	£120,000	£00	28 Mar 2023	25 Oct 2023	211 Days
5 Kensington Drive, Salford, Greater Manchester, M5 5LS	£230,000	£216,000	-£14,000	28 Jul 2023	23 Oct 2023	87 Days
58 Sugar Mill Square, Salford, Greater Manchester, M5 5EB	£110,000	£105,000	-£5,000	08 Jul 2022	19 Sep 2023	438 Days
6 Hart Hill Drive, Salford, Greater Manchester, M5 5LX	£260,000	£258,000	-£2,000	02 Jun 2022	11 Sep 2023	466 Days
3 Kensington Drive, Salford, Greater Manchester, M5 5LS	£260,000	£260,000	£00	20 Mar 2023	25 Aug 2023	158 Days
76 Little Bolton Terrace, Salford, Greater Manchester, M5 5BD	£105,000	£105,000	£00	06 Oct 2021	18 Aug 2023	681 Days
2 Edgewater, Salford, Greater Manchester, M5 5RW	£230,000	£230,000	£00	17 Jan 2023	14 Jul 2023	178 Days
Flat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester, M5 4TN	£135,000	£127,500	-£7,500	10 Feb 2023	11 Jul 2023	151 Days
21 Fire Station Square, Salford, Greater Manchester, M5 4NZ	£389,950	£375,000	-£14,950	05 Dec 2022	26 Jun 2023	203 Days
12 The Garth, Salford, Greater Manchester, M5 5HT	£250,000	£227,500	-£22,500	07 Nov 2022	05 May 2023	179 Days

Most Expensive Streets in M5 (Salford)

Postcode	Street	Area	Average	No. of Sales
M5 4ZA	Hulme Street	Salford	£419,861	4
M5 4NZ	Fire Station Square	Salford	£372,000	5
M5 4YZ	Gaythorn Street	Salford	£364,203	3
M5 4ZF	Hulme Street	Salford	£303,705	72
M5 4YJ	Woden Street	Salford	£300,279	19
M5 4YT	Lockside Lane	Salford	£281,100	10
M5 4ZD	Hulme Street	Salford	£270,341	45
M5 5EZ	Gore Crescent	Salford	£267,333	3
M5 5LN	Peveril Road	Salford	£264,285	7
M5 5JE	Weaste Lane	Salford	£256,666	3

Least Expensive Streets in M5 (Salford)

Postcode	Street	Area	Average	No. of Sales
M5 5AD	Squires Court, Canterbury Gardens	Salford	£103,107	7
M5 5EB	Sugar Mill Square	Salford	£107,179	24
M5 4UT	Redmires Court, Eccles New Road	Salford	£107,607	14
M5 4TR	Olivia Court, Asgard Drive	Salford	£111,916	3
M5 4UN	Kielder Square, Eccles New Road	Salford	£112,250	4
M5 5AE	Reeves Court, Canterbury Gardens	Salford	£114,000	3
M5 4UP	Melmerby Court, Eccles New Road	Salford	£114,666	12
M5 4UJ	Elishaw Row, Eccles New Road	Salford	£114,694	9
M5 4UW	Kielder Square, Eccles New Road	Salford	£114,766	15
M5 5BU	Wileman Court, Sheader Drive	Salford	£115,600	5