Average Price for property in Manchester is around £159,255 which varies based on type of property you are interested in and ranges from £274,727 for detached house to around £170,906 for semi-detached. Similarly terraced house is around £118,640 and a flat is worth £150,435. Values have been changing and have risen £137 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £138 in last 6 months, £10,764 in last 1 year, £16,757 in last 2 years, £17,776 in last 3 years, £16,523 in last 4 years and £14,656 in last 5 years.
Currently average asking price of a property in Manchester is around £210,423 based on approximately 10,461 properties for sale. Same is the case with rental options based on 4,639 properties up for rent, average asking rent is around £1,366 per month.
Estimated property value in Manchester is £159,255. Average asking price is £210,423 while average price paid is £148,972 which is up by £10,764 and Avg. asking rent £1,366.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Manchester area. In last 1 year alone average price buyer paid is around £148,972 based on approximately 10,461 sales in Manchester area alone. If you compare it to last 3 years sales of 29,956 properties where buyers paid around £144,374. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £142,681 for 48,411 and average amount paid for purchase of approx. 67,417 properties sold in last 7 years comes to about £141,440 per sale.