marketcodeAsking rent
£1,223 a month 12 months to Jul 2026
166 lets
Postcode district
M23 rental market
Asking rent £1,223 a month · Gross yield 5.5% · 12 months, listings to Aug 2026
What is M23?
- Buildings
- 8,927
- Mixed-use buildings
- 46%
- HMO-shaped units
- 9.0%
What does M23 earn?
M23: asking rent £1,223 a month (12 months to Jul 2026, 166 lets).
Gross yield, asking basis
5.5% 12 months to Aug 2026
278 lets
+0.4% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
37 on 19 Sep 2026
How does M23 vary by home size?
Asking rent in M23 runs from £1,104 a month for 2 bedrooms to £1,306 a month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | Not published | — | — | — |
| 2 bedrooms | £1,104 a month | 12 months to Aug 2026 | +1.1% on the previous 12 months | 124 |
| 3 bedrooms | £1,306 a month | 12 months to Aug 2026 | -1% on the previous 12 months | 115 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns M23?
Corporate landlords hold 68% of the 375 units in M23 whose freeholder is classified; 98% of all units are not yet classified.
- Corporate landlords68% of classified · 256 units
- Housing associations25% of classified · 93 units
- Individuals (not traceable in bulk)6.4% of classified · 24 units
- RMC0.5% of classified · 2 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does M23 rank?
M23 ranks 9th of 17 postcode districts in Manchester for asking rent, at £1,223 a month.
Asking rent · postcode districts in Manchester
M23 ranks 9th of 17 postcode districts in Manchester for asking rent, at £1,223 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | M14 | £1,983 a month | 3,370 | measured |
| 2 | M20 | £1,655 a month | 1,805 | measured |
| 3 | M15 | £1,537 a month | 3,199 | measured |
| 4 | M12 | £1,480 a month | 410 | measured |
| 5 | M4 | £1,454 a month | 2,490 | measured |
| 9 | M23 | £1,223 a month | 166 | measured |
Full table: asking rent across postcode districts in Manchester →
Gross yield, asking basis · postcode districts in Manchester
M23 ranks 12th of 16 postcode districts in Manchester for gross yield, asking basis, at 5.5%.
Where next from M23?
- ManchesterThe wider market this area sits in.
- M1Neighbouring postcode district · £3,616/m²
- M11Neighbouring postcode district · £2,748/m²
- M12Neighbouring postcode district · £3,381/m²
- M13Neighbouring postcode district · £3,229/m²
- M14Neighbouring postcode district · £3,396/m²
- M15Neighbouring postcode district · £3,507/m²
- M18Neighbouring postcode district · £3,296/m²
- M19Neighbouring postcode district · £3,635/m²
- M33Next door, in another authority · £4,462/m²
- WA15Next door, in another authority · £5,500/m²
- WA14Next door, in another authority · £4,963/m²
- SK8Next door, in another authority · £4,309/m²
- Homes for sale in M23Live sale listings, the same place and cohort.
- Homes to rent in M23Live lettings, the same place.
- Completed sales in M23Registered completions, newest first.
- Planning applications in M23Applications and decisions on record.
- Buildings in M23Every building with its units, parcel and freeholder.
- Land in M23Parcels, titles and adjacent ownership.
Questions about M23
- What is the average rent in M23?
- Homes to let in M23 asked a median £1,223 a month over the 12 months to Jul 2026, 166 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in M23?
- 5.5% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 278 lets. +0.4% on the previous 12 months.
Where these figures come from
| Figure | Dataset | Window | Last month | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 166 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 278 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 19 Sep 2026 | 19 Sep 2026 | — |