marketcodeAsking rent
£1,186 a month 12 months to Jul 2026
332 lets
Postcode district
M40 rental market
Asking rent £1,186 a month · Gross yield 5.6% · 12 months, listings to Aug 2026
What is M40?
- Buildings
- 12,685
- Mixed-use buildings
- 59%
- HMO-shaped units
- 22%
What does M40 earn?
M40: 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.
Homes to rent
97 on 21 Sep 2026
How does M40 vary by home size?
Asking rent in M40 runs from £895 a month for 1 bedroom to £1,242 a month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £895 a month | 12 months to Aug 2026 | — | 138 |
| 2 bedrooms | £1,051 a month | 12 months to Aug 2026 | +0.1% on the previous 12 months | 240 |
| 3 bedrooms | £1,242 a month | 12 months to Aug 2026 | -1.6% on the previous 12 months | 223 |
| 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 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 12th of 17 postcode districts in Manchester for asking rent, at £1,186 a month.
Asking rent · postcode districts in Manchester
M40 ranks 12th of 17 postcode districts in Manchester for asking rent, at £1,186 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 | £1,453 a month | 2,491 | measured |
| 12 | M40 | £1,186 a month | 332 | measured |
Full table: asking rent across postcode districts in Manchester →
Gross yield, asking basis · postcode districts in Manchester
M40 ranks 9th of 16 postcode districts in Manchester for gross yield, asking basis, at 5.6%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
| 1 | M18 | 7.9% | 794 | measured |
| 2 | M1 | 7.8% | 7,115 | measured |
| 3 | M4 | 7.7% | 8,460 | measured |
| 4 | M15 | 7.3% | 7,319 | measured |
| 5 | M12 | 7.1% | 757 | measured |
| 9 | M40 | 5.6% | 601 | measured |
Full table: gross yield, asking basis across postcode districts in Manchester →
Where next from M40?
- 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
- M24Next door, in another authority · £2,626/m²
- M35Next door, in another authority · £2,949/m²
- M43Next door, in another authority · £3,337/m²
- OL9Next door, in another authority · £2,974/m²
- M3Next door, in another authority · £3,280/m²
- OL8Next door, in another authority · £2,570/m²
Questions about M40
- 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.
Everything else about M40
- Properties in M40Every addressable home with its floor area, tenure and last recorded sale.
- Buildings in M40Footprints, heights and the units inside them.
- Land and plots in M40Registered parcels with their area, tenure and what stands on them.
- Homes for sale in M40What is on the market right now, with the evidence beside each asking price.
- Homes to rent in M40What is available to rent, with the recorded rent and yield beside each asking price.
- Recent house sales in M40Registered completions from Price Paid, newest first.
- Planning applications in M40What was proposed, who decided it and whether it was approved.
- Estate agents active in M40Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 332 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 601 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 21 Sep 2026 | 21 Sep 2026 | — |