Historical property prices, rents, yields & much for Manchester‘s residential property market
Manchester is a popular area for UK and foreign property investors. The city has one of the UK‘s fastest-growing populations making it favourable for investors. Manchester‘s increased popularity and regeneration have been mainly focused on the cites media links, culture and scientific/engineering output.
Due to the rapidly growing population mainly through migration from other parts of the UK, resulting in a huge demand for long-let properties. Postcodes such as M4 and M11 and seeing continued yields of around 8%. In addition to the professional market, the city also has the UK‘s largest student population outside of London meaning there is plenty of demand from students too. Below is collection of our property investment data for Manchester
|Postcode district||Avg asking price||Avg rental yield||Avg sold £/sqft||Monthly Rental Turnover (%)||Edit|
|M1||£314,547.0||6.19 %||£321||69.97 %||View|
|M11||£191,750.0||7.36 %||£188||92.16 %||View|
|M12||£194,930.0||6.42 %||£201||105.26 %||View|
|M13||£260,116.0||6.34 %||£215||95.83 %||View|
|M14||£236,503.0||6.88 %||£225||126.82 %||View|
|M15||£321,264.0||5.97 %||£285||99.21 %||View|
|M16||£253,966.0||6.2 %||£265||116.5 %||View|
|M18||£175,367.0||7.18 %||£171||60 %||View|
|M19||£283,507.0||5.28 %||£254||90 %||View|
|M2||£305,091.0||5.86 %||£377||91.67 %||View|
|M20||£395,668.0||4.65 %||£352||113.56 %||View|
|M21||£452,563.0||4.43 %||£355||86.42 %||View|
|M22||£258,039.0||5.6 %||£244||86.21 %||View|
|M23||£303,187.0||5.09 %||£249||154.84 %||View|
|M24||£244,270.0||6.33 %||£212||112.9 %||View|
|M25||£346,412.0||4.79 %||£259||110.53 %||View|
|M26||£202,392.0||5.41 %||£204||128.21 %||View|
|M27||£263,606.0||5.37 %||£226||103.53 %||View|
|M28||£352,028.0||4.76 %||£259||84.27 %||View|
|M29||£279,309.0||4.91 %||£213||113.04 %||View|
|M3||£290,739.0||6.79 %||£329||71.08 %||View|
|M30||£270,575.0||6.09 %||£229||92.78 %||View|
|M31||£226,696.0||5.36 %||£213||100 %||View|
|M32||£328,535.0||5.29 %||£267||148.39 %||View|
|M33||£429,192.0||4.16 %||£344||120.66 %||View|
|M34||£247,522.0||5.59 %||£223||88.89 %||View|
|M35||£254,780.0||5.37 %||£220||79.49 %||View|
|M38||£179,706.0||6.56 %||£154||88.89 %||View|
|M4||£301,776.0||5.81 %||£334||94.26 %||View|
|M40||£206,393.0||6.45 %||£184||148.72 %||View|
|M41||£361,615.0||4.72 %||£319||128.57 %||View|
|M43||£221,805.0||5.74 %||£212||137.04 %||View|
|M44||£255,619.0||4.55 %||£211||55 %||View|
|M45||£350,534.0||4.51 %||£247||91.43 %||View|
|M46||£200,751.0||5.67 %||£176||80 %||View|
|M5||£239,462.0||5.99 %||£302||91.6 %||View|
|M50||£236,932.0||6.38 %||£303||78.46 %||View|
|M6||£212,475.0||6.24 %||£213||78.64 %||View|
|M7||£253,126.0||7.23 %||£222||69.39 %||View|
|M8||£216,417.0||7.51 %||£176||67.65 %||View|
|M9||£185,979.0||7.07 %||£181||131.03 %||View|
|Year||Avg sold price||+/-|
Manchester has one of the largest rental demands by volume outside of London. The city has grown to be one of the largest build to rent locations outside of London with large clusters of sky scrapers seen around the city‘s skyline. Rental prices in manchester are set to grow by nearly 16.5% over the next years which is more than any other city in the UK.
There are some key reasons for this continued and sustained growth in rental demand/prices.
1. High graduate retention rates and attractiveness to new graduates outside of the city. Over 45% of the population is under 35 which is good news for investors based on recent property buying patterns. As a recent report by the BBC found that over 1/3 of millennials will now rent their entire lives and another report by Savills claimed that Manchester retains over 60% of leavers from the city‘s universities.
2. Rapidly growing population and economy. Manchesters‘ population is currently growing at twice the rate of the rest of the UK. 80/100 FTSE 100 top 100 companies are also located in Manchester including Amazon, BBC and Kellogg‘s helping to build and attract a growing talent pool in the city. Even post COVID-19 developers have submitted plans for more than 2.6 million square feet of office space showing extremely high confidence in the job market.
Current rental yields in Manchester are between 6-7%. The exact percentage differs depending on the number of rooms in the property. With a strong rental market and solid growth over the year, the figure could start to creep up as well.
Average rental prices in Manchester are currently £1,295. This, of course, varies depending on room number. For HMOs, double rooms currently rent for £532/month on average. Single rooms rent for £436/month. These are based on properties with a shared bathroom.
The average Manchester house price is currently £255,000. This is 15% up from the previous year, amounting to an increase of £34,900. To learn more detail about Manchester‘s house prices, see our page here