Manchester M1 

Average property price...

Overall - £255,040

Detached £317,000

Apartment - £252,925

Semi Detached - None Sold

Terraced - £353,648

The M1 area will be different to most other locations as it is a City Centre. Most of the apartments are 1 bed and studio apartments in large blocks. These will often be rented to working professionals who have a higher than average income and will be premium for a comfortable and convenient residence. You are unlikely to find a house in this location for sale. In the last year only a small handful have come to market. 

Manchester M2 

Average property price...

Overall - £261,500

Detached - none sold

Apartment - £261,500

Semi Detached - none sold

Terraced - none sold

Property to Rent in this location are hard to come by. It is a Small area in the City Centre and only really has some Studios, 1 and 2 beds available at any one time. 

There are virtually no houses, and over the last year no houses have been sold ion this location. 

Manchester M3

Average property price...

Overall - £252,241

Detached - none sold

Apartments - £248,987

Semi Detached - £241,119

Terraced - £325,562

M3 is still a large part of the City Centre and heads into the Salford area of Manchester, this is where a lot more property is available. Houses are still very scarce with 90% or more of the properties will be apartments. As an investor looking at Manchester this is a key location to look into with 2 bed apartments being the sweet spot. 3 Beds will mostly be large apartments/ corner units and penthouses so come in at a much higher price tag.

Manchester M4

Average property price...

Overall - £261,412

Detached - none sold

Apartments - £259,332

Semi Detached - £290,333

Terraced - £284,400

M4 or better known as the Ancoats region of Manchester is seeing a lot of recent new developments and investment. Still very much considered the City Centre al-beit the edge of the centre. It is still a location popular for young working professionals willing to pay a little more for luxury and convenience. Many of the apartments in this area will be rented by investors. 

Manchester M5

Average property price...

Overall - £185,008

Detached - none sold

Apartments - £174,749

Semi Detached - £221,173

Terraced - £206,682

M5 laying west of the city centre covers large parts of Salford. It is popular among students of Salford University, making it popular for investors buying HMOs and PBSA. There are also still plenty of houses in addition to a lot of new build developments.

Manchester M6

Average property price...

Overall - £211,452

Detached - £321,000

Apartments - £119,846

Semi Detached - £261.336

Terraced - £194,879

M6 is still mostly Salford, but houses are the more common type of property in this location. It is a far cheaper option for those who don't mind a short commute and it is still within the immediate proximity of Media City and Salford University. HMOs and Residential homes are the most popular properties in M6.

Manchester M7 Rental Prices

Average property price...

Overall - £252,241

Detached - none sold

Apartments - £248,987

Semi Detached - £241,119

Terraced - £325,562

The area is less popular for students than other areas of central Manchester and stretches out north. It is a lot more residential, working class, families and council tenants. Houses are more common but there are still plenty of apartment blocks. Not ideal for short term lets but ideal for long term tenants perhaps wanting a house or something a little large at a better value.

Manchester M8

Average property price...

Overall - £189,355

Detached - £322,500

Apartments - £114,138

Semi Detached - £223,429

Terraced - £178,223

M8 is a similar area to M7 with much of the same demographic. Most properties in this area are terraced houses.

Manchester M11

Average property price...

Overall - £172,201

Detached - £268,667

Apartments - £136,829

Semi Detached - £192,062

Terraced - £173,339

M11 is moving into one of the more affordable location in Manchester which isn't too far from the City Centre. Along with M12 it is popular for Landlords wnating to rent out HMOs and also boasts a large ethnic mix. The area is mainly terraced housing.

Manchester M12

Average property price...

Overall - £167,442

Detached - £241,000

Apartments - £92,200

Semi Detached - £182,300

Terraced - £168,870

This location is close to the University of Manchester. Largely terraced housing popular for student residents. Meaning a good opportunity for investors.

Manchester M13

Average property price...

Overall - £191,983

Detached - none sold

Apartments - £125,714

Semi Detached - £214,674

Terraced - £199,852

M13 is home to the University of Manchester. This makes it popular for international students and University Staff. Both of which are willing to pay competitive rents for the convenience of the location. Terraced houses are the most common, and popular for investors looking to run the as HMOs to the local student population.

Manchester M15

Average property price...

Overall - £288,029

Detached - £297,000

Apartments - £289,980

Semi Detached - £211,333

Terraced - £278,923

The M15 postcode covers a large are to the South of Manchester City Centre. Being such a large area and bordering the City Centre it has a large variety of flats and houses. Apartment prices compete with houses as many sold over the last few years have been new-builds, whereas houses would be a little further out in the postcode and older properties.

Manchester M16

Average property price...

Overall - £283,050

Detached - £458,000

Apartments - £164,061

Semi Detached - £390,668

Terraced - £301,282

M16 includes the Old Trafford area of Manchester. The location has an abundance of terrace, semi detached and apartments. Detached houses are few and far between, making the competition for them high.

Manchester M40

Average property price...

Overall - £189,190

Detached - £261,800

Apartments - £131,157

Semi Detached - £204,476

Terraced - £163,808

M40 is mostly houses and covers a large part of North East Manchester. As the location is a little further from the city centre rents are lower and most properties are older houses. It also contains a large industrial area of Manchester.

Manchester M50

Average property price...

Overall - £201,205

Detached - none sold

Apartments - £193,874

Semi Detached - £240,000 (only one sold)

Terraced - £375,000 (only one sold)

Despite its high postal code number M50 is close to the City Centre. Previously it was entirely industrial  with little to no residential properties. However due to a lot of investment it now has a lot of luxury flats, Media City and the University of Salford. This combination makes it hugely popular for students and young working professionals, so many properties are owned by investors.  Much of the stock in this location is luxury new build property for young working professionals making it a fantastic location for these landlords.

Sources:

Property sold data https://www.rightmove.co.uk/house-price