marketcodeSold price per m²
£2,070/m² 12 months to Oct 2025
126 sales
-6.8% on the previous 12 months.
Postcode district
M38 property market
Sold £2,070/m² · Median sold £191,261 (126 sales) · Index +4.9% y/y · Turnover 1.9% · 12 months, sales to Oct 2025, listings to Aug 2026
What is M38?
- Buildings
- 5,864
- Mixed-use buildings
- 38%
- HMO-shaped units
- 25%
What does M38 cost?
M38: sold price per m² £2,070/m² (12 months to Oct 2025, 126 sales). -6.8% on the previous 12 months.
Sold price
£191,261 12 months to Oct 2025
126 sales
+14.2% on the previous 12 months.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own carries the parent area's price rather than a measurement, and is not published with no sample.
Asking price
£240,797 12 months to Aug 2026
277 listings
+3.6% on the previous 12 months.
Sample is the dated listings that came to market in the latest month (added and reduced cohorts).
Settled months to Dec 2025; the dashed tail is the pipeline's projection of the index 12 months ahead, inside its 80% band. A projection of the index, not a forecast of any home's price.
ObservedForecast with intervalIndex points, not property prices
What does M38 earn?
M38: asking rent £1,082 a month (12 months to Jul 2026, 76 lets).
Asking rent
£1,082 a month 12 months to Jul 2026
76 lets
Gross yield, asking basis
6.4% 12 months to Aug 2026
298 lets
+15.2% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
How does M38 vary by home size?
Asking price in M38 runs from £164,170 for 2 bedrooms to £366,503 for 4 bedrooms.
| Homes | Asking price | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | Not published | — | — | — |
| 2 bedrooms | £164,170 | 12 months to Jun 2026 | -9% on the previous 12 months | 82 |
| 3 bedrooms | £250,161 | 12 months to Aug 2026 | +11% on the previous 12 months | 172 |
| 4 bedrooms | £366,503 | 12 months to Aug 2026 | — | 73 |
| 5+ bedrooms | Not published | — | — | — |
Asking price by bedroom band: the monthly medians of sale listings 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.
How liquid is M38?
M38: turnover 1.9% (12 months to Jul 2025, 130 sales). +54.7% on the previous 12 months.
Turnover
1.9% 12 months to Jul 2025
130 sales
+54.7% on the previous 12 months.
Sample is the matched completed sales behind the latest month. A month in which this cohort recorded no sale of its own has a rate of zero by arithmetic rather than a measured rate, and is not published with no sample.
Completed sales
136 12 months to Jan 2026
136 sales
-24.9% on the previous 12 months.
Sample is the registry count itself; months within six months of the last ingest are still filling.
Listings for sale
122 12 months to Jul 2026
122 listings
Who is active in M38?
12 agents listed homes for sale in M38; the three largest took 59% of the listings.
- Agents active
- 12
- Top three agents’ share
- 59%
- New homes among listings
- 41%
days_to_completion is on the registry-matched subset (sold_matched_n), not a sell-through rate.
Who owns M38?
Corporate landlords hold 96% of the 452 units in M38 whose freeholder is classified; 94% of all units are not yet classified.
- Corporate landlords96% of classified · 432 units
- Individuals (not traceable in bulk)3.8% of classified · 17 units
- RMC0.7% of classified · 3 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 M38 rank?
M38 ranks 10th of 10 postcode districts in Salford for sold price per m², at £2,070/m².
Sold price per m² · postcode districts in Salford
M38 ranks 10th of 10 postcode districts in Salford for sold price per m², at £2,070/m².
| # | Area | Sold price per m² | Sample | Tier |
|---|---|---|---|---|
| 1 | M3 | £3,594/m² | 267 | measured |
| 2 | M50 | £3,557/m² | 162 | measured |
| 3 | M28 | £3,197/m² | 532 | measured |
| 4 | M30 | £3,065/m² | 368 | measured |
| 5 | M7 | £2,981/m² | 143 | measured |
| 10 | M38 | £2,070/m² | 126 | measured |
Full table: sold price per m² across postcode districts in Salford →
Gross yield, asking basis · postcode districts in Salford
M38 ranks 4th of 10 postcode districts in Salford for gross yield, asking basis, at 6.4%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | M5 | 7.1% | 7,907 | measured |
| 2 | M3 | 6.9% | 12,952 | measured |
| 3 | M50 | 6.9% | 4,290 | measured |
| 4 | M38 | 6.4% | 298 | measured |
| 5 | M6 | 5.5% | 1,918 | measured |
Full table: gross yield, asking basis across postcode districts in Salford →
Turnover · postcode districts in Salford
M38 ranks 7th of 10 postcode districts in Salford for turnover, at 1.9%.
Where next from M38?
- SalfordThe wider market this area sits in.
- M27Neighbouring postcode district · £3,178/m²
- M28Neighbouring postcode district · £3,418/m²
- M3Neighbouring postcode district · £3,280/m²
- M30Neighbouring postcode district · £3,203/m²
- M44Neighbouring postcode district · £3,601/m²
- M5Neighbouring postcode district · £3,928/m²
- M50Neighbouring postcode district · £2,870/m²
- M6Neighbouring postcode district · £3,166/m²
- BL4Next door, in another authority · £2,317/m²
- BL5Next door, in another authority · £3,041/m²
- M29Next door, in another authority · £3,388/m²
- M46Next door, in another authority · £3,015/m²
- BL3Next door, in another authority · £2,519/m²
Questions about M38
- What is the median house price in M38?
- Homes in M38 sold for a median £191,261 over the 12 months to Oct 2025, 126 sales. Per square metre that is £2,070/m². Registered completions, not asking prices.
- How have house prices in M38 changed?
- -6.8% on the previous 12 months.
- What is the average rent in M38?
- Homes to let in M38 asked a median £1,082 a month over the 12 months to Jul 2026, 76 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in M38?
- 6.4% 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, 298 lets. +15.2% on the previous 12 months.
- How quickly do homes sell in M38?
- 1.9% of the homes in M38 changed hands over the 12 months to Jul 2025, 130 sales.
Everything else about M38
- Properties in M38Every addressable home with its floor area, tenure and last recorded sale.
- Buildings in M38Footprints, heights and the units inside them.
- Land and plots in M38Registered parcels with their area, tenure and what stands on them.
- Homes for sale in M38What is on the market right now, with the evidence beside each asking price.
- Homes to rent in M38What is available to rent, with the recorded rent and yield beside each asking price.
- Recent house sales in M38Registered completions from Price Paid, newest first.
- Planning applications in M38What was proposed, who decided it and whether it was approved.
- Estate agents active in M38Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Sold price per m² | HM Land Registry Price Paid and portal listings, monthly rollup | 12 months to Oct 2025 | Oct 2025 | 126 sales |
| Sold price | HM Land Registry Price Paid and portal listings, monthly rollup | 12 months to Oct 2025 | Oct 2025 | 126 sales |
| Asking price | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 277 listings |
| Asking price per m² | the area_facts listing rollup | 12 months to Jul 2026 | Jul 2026 | 122 listings |
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 76 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 298 lets |
| Turnover | MarketCode market evidence | 12 months to Jul 2025 | Jul 2025 | 130 sales |
| Completed sales | MarketCode market evidence | 12 months to Jan 2026 | Jan 2026 | 136 sales |
| Listings for sale | the area_facts listing rollup | 12 months to Jul 2026 | Jul 2026 | 122 listings |
| New listings | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 219 listings |
| Price reductions | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 58 listings |
| Live listings | MarketCode market evidence | on 21 Sep 2026 | 21 Sep 2026 | — |
Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.