What is the median house price in M40?

Homes in M40 sold for a median £227,408 over the 12 months to Apr 2026, 261 sales. Per square metre that is £2,696/m². Registered completions, not asking prices.

What is the average rent in M40?

Homes to let in M40 asked a median £1,186 a month over the 12 months to Jul 2026, 332 lets. Asking rent, not the rent agreed.

What is the gross rental yield in M40?

5.6% 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, 601 lets. -5% on the previous 12 months.

How quickly do homes sell in M40?

1.4% of the homes in M40 changed hands over the 12 months to Jan 2026, 286 sales.

Postcode district

M40 property market

Sold £2,696/m² · Median sold £227,408 (261 sales) · Index +3.2% y/y · Turnover 1.4% · 12 months, sales to Apr 2026, listings to Aug 2026

What is M40?

Buildings: 12,685
Mixed-use buildings: 59%
HMO-shaped units: 22%

What does M40 cost?

M40: sold price per m² £2,696/m² (12 months to Apr 2026, 261 sales). +3.2% over the year to Dec 2025 by the house price index, which follows the same homes over time.

Sold price per m²

£2,696/m² 12 months to Apr 2026

261 sales

+3.2% over the year to Dec 2025 by the house price index, which follows the same homes over time.

Sold price

£227,408 12 months to Apr 2026

261 sales

+3.2% over the year to Dec 2025 by the house price index, which follows the same homes over time.

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

£238,869 12 months to Aug 2026

714 listings

+4.1% on the previous 12 months.

Sample is the dated listings that came to market in the latest month (added and reduced cohorts).

Sold price per m²: £1,308/m² in Jul 2016 to £2,688/m² in Jul 2026.

Sold price: £105,685 in Jul 2016 to £217,200 in Jul 2026.

Asking price: £170,000 in Jan 2022 to £222,500 in Aug 2026.

Asking price per m²: £3,046/m² in Aug 2025 to £3,651/m² in Jul 2026.

Asking to sold: 106% in Feb 2022 to 97% in Sep 2024.

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

Asking price index: 90.6 in Jan 2022 to 110.3 in Aug 2026.

What does M40 earn?

M40: asking rent £1,186 a month (12 months to Jul 2026, 332 lets).

Asking rent

£1,186 a month 12 months to Jul 2026

332 lets

Gross yield, asking basis

5.6% 12 months to Aug 2026

601 lets

-5% on the previous 12 months.

Sample is the dated lettings behind the latest month's rent cell.

Asking rent: £1,088 pcm in Aug 2025 to £1,135 pcm in Jul 2026.

Gross yield, asking basis: 5.1% in Jan 2022 to 5.9% in Aug 2026.

How does M40 vary by home size?

Asking price in M40 runs from £176,055 for 2 bedrooms to £314,942 for 4 bedrooms.

Asking price by bedroom band in M40, 12 months to Aug 2026. A band with fewer than 30 dated listings in the year is not published.
Homes	Asking price	Window	Change	Listings
1 bedroom	£200,278	12 months to Aug 2026	—	46
2 bedrooms	£176,055	12 months to Aug 2026	-9.1% on the previous 12 months	202
3 bedrooms	£266,634	12 months to Aug 2026	+15.3% on the previous 12 months	367
4 bedrooms	£314,942	12 months to Aug 2026	—	87
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 M40?

M40: turnover 1.4% (12 months to Jan 2026, 286 sales). -15.4% on the previous 12 months.

Turnover

1.4% 12 months to Jan 2026

286 sales

-15.4% 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

448 12 months to Jan 2026

448 sales

-12.8% 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

457 12 months to Jul 2026

457 listings

Who is active in M40?

30 agents listed homes for sale in M40; the three largest took 49% of the listings.

Agents active: 30
Top three agents’ share: 49%
New homes among listings: 0.0%

days_to_completion is on the registry-matched subset (sold_matched_n), not a sell-through rate.

Who owns M40?

Corporate landlords hold 87% of the 1,459 units in M40 whose freeholder is classified; 94% of all units are not yet classified.

Corporate landlords87% of classified · 1,269 units
Individuals (not traceable in bulk)7.2% of classified · 105 units
Housing associations5.0% of classified · 73 units
RMC0.8% of classified · 12 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 M40 rank?

M40 ranks 11th of 16 postcode districts in Manchester for sold price per m², at £2,696/m².

Sold price per m² · postcode districts in Manchester