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House Prices in M50

The average house price in M50 (Salford) is £165,833 using HM Land Registry data.

The average property price increased by £74,495 (%) over the last 5 years and increased by £14,892 (%) over the last 12 months.

Over the last year, there were 115 residential property sales – a decrease of 48 transactions (-41.74%) relative to the previous year. The majority of house sales (30) were in the £120,000 - £166,000 range. Then came properties in the £166,000 - £212,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion).

In June 2024, there were 38 new estate agency instructions, 29 agreed home sales and 24 property price reductions.

5-Year Average Property Prices in M50 (Salford)

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 M50 (Salford) Over the Last Year

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 M50 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 M50 (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 M50 (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 M50 (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 M50 (Salford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the M50 postcode area since 1995.

Recent Sales in M50 (Salford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
40 St Lawrence Quay, Salford, Greater Manchester, M50 3XT	£355,000	£340,000	-£15,000	24 Sep 2019	21 Feb 2020	150 Days
73 Winnipeg Quay, Salford, Greater Manchester, M50 3TY	£359,950	£340,000	-£19,950	30 Aug 2018	14 Feb 2020	533 Days
6 Winnipeg Quay, Salford, Greater Manchester, M50 3TY	£200,000	£192,500	-£7,500	10 Jul 2019	14 Feb 2020	219 Days
5 St Lawrence Quay, Salford, Greater Manchester, M50 3XT	£394,995	£185,000	-£209,995	12 Feb 2019	31 Jan 2020	353 Days
10a, Merchants Quay, Salford, Greater Manchester, M50 3XR	£425,000	£415,000	-£10,000	14 Jul 2019	24 Jan 2020	194 Days
63 Winnipeg Quay, Salford, Greater Manchester, M50 3TY	£215,000	£205,000	-£10,000	08 Jul 2019	01 Nov 2019	116 Days
51 St Lawrence Quay, Salford, Greater Manchester, M50 3XT	£240,000	£240,000	£00	07 Jun 2019	18 Oct 2019	133 Days
Apartment 190, Ladywell Point, Pilgrims Way, Salford, Greater Manchester, M50 1AZ	£120,000	£110,000	-£10,000	08 Sep 2016	19 Sep 2019	1106 Days
23 Winnipeg Quay, Salford, Greater Manchester, M50 3TY	£200,000	£200,000	£00	29 Mar 2019	12 Jul 2019	105 Days
Apartment 94, Ladywell Point, Pilgrims Way, Salford, Greater Manchester, M50 1AW	£115,000	£115,000	£00	13 Nov 2017	18 Apr 2019	521 Days
41 Labrador Quay, Salford, Greater Manchester, M50 3YH	£190,000	£188,000	-£2,000	13 Sep 2018	17 Jan 2019	126 Days
58 Winnipeg Quay, Salford, Greater Manchester, M50 3TY	£250,000	£245,000	-£5,000	29 Mar 2018	03 Sep 2018	158 Days
8 St Lawrence Quay, Salford, Greater Manchester, M50 3XT	£220,000	£209,000	-£11,000	31 Jan 2018	30 Jul 2018	180 Days
Apartment 1110, Imperial Point, The Quays, Salford, Greater Manchester, M50 3RB	£279,950	£268,000	-£11,950	14 Mar 2018	22 Jun 2018	100 Days
39 Vancouver Quay, Salford, Greater Manchester, M50 3TU	£365,000	£343,000	-£22,000	06 Feb 2018	18 Jun 2018	132 Days
159 Labrador Quay, Salford, Greater Manchester, M50 3YH	£179,950	£171,000	-£8,950	11 Oct 2017	15 Jun 2018	247 Days
118 Vancouver Quay, Salford, Greater Manchester, M50 3TX	£349,950	£338,650	-£11,300	02 Aug 2017	15 Jun 2018	317 Days
53 Vancouver Quay, Salford, Greater Manchester, M50 3TU	£235,000	£230,000	-£5,000	16 Oct 2017	30 Apr 2018	196 Days
Apartment 193, Ladywell Point, Pilgrims Way, Salford, Greater Manchester, M50 1AZ	£115,000	£105,000	-£10,000	10 Apr 2017	13 Apr 2018	368 Days
19 St Lawrence Quay, Salford, Greater Manchester, M50 3XT	£215,000	£210,000	-£5,000	20 Nov 2017	02 Mar 2018	102 Days

Most Expensive Streets in M50 (Salford)

Postcode	Street	Area	Average	No. of Sales
M50 3XQ	Merchants Quay	Salford	£431,466	9
M50 3XR	Merchants Quay	Salford	£333,500	8
M50 3XG	Merchants Quay	Salford	£313,300	5
M50 3XF	Merchants Quay	Salford	£311,400	5
M50 3TX	Vancouver Quay	Salford	£286,999	8
M50 3RB	Imperial Point, The Quays	Salford	£280,500	4
M50 3BD	The Quays	Salford	£274,363	11
M50 3AL	Ariel Apartments, Ottinger Close	Salford	£270,748	31
M50 3DP	Furness Quay	Salford	£268,713	26
M50 3TU	Vancouver Quay	Salford	£252,660	14

Least Expensive Streets in M50 (Salford)

Postcode	Street	Area	Average	No. of Sales
M50 1DJ	City Link, Hessel Street, Salford	Salford	£87,043	4
M50 3BL	Clippers Quay	Salford	£93,000	3
M50 3BP	Clippers Quay	Salford	£94,700	5
M50 3BN	Clippers Quay	Salford	£99,400	5
M50 1AW	Ladywell Point, Pilgrims Way	Salford	£112,000	6
M50 1AZ	Ladywell Point, Pilgrims Way	Salford	£121,722	9
M50 3BS	Clippers Quay	Salford	£127,658	6
M50 2HB	Michigan Avenue	Salford	£128,000	4
M50 1AU	Ladywell Point, Pilgrims Way	Salford	£128,937	16
M50 2UG	Broadway	Salford	£138,345	11