Greater Manchester

Area Guide For Greater Manchester

Comprising of some UK’s largest metropolitan areas, the Greater Manchester County is home to the cities of Manchester and Salford. Highly urbanized and populated, the Greater Manchester County has several settlements and most of the property here is in the form of terraces. The county is also an important economic hub alongside having great communication and transport coverage. Old Trafford, the home ground for Manchester United F.C is also located in this county along with five major universities, including the University of Manchester and the University of Salford. The county doesn’t lag back in cultural and musical events either, with The Lowry being a major tourist destination.


Greater Manchester Map

Estimated Price: £172,055
Average Asking Price: £212,547
Price change in last one year: £10,255
Average Price Paid: £154,583
Average Rent Rates: £1,108


Property Prices Breakdown in Greater Manchester

Average Price for property in Greater Manchester is around £172,055 which varies based on type of property you are interested in and ranges from £313,431 for detached house to around £173,651 for semi-detached. Similarly terraced house is around £114,297 and a flat is worth £147,578. Values have been changing and have risen £13 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,040 in last 6 months, £10,255 in last 1 year, £17,213 in last 2 years, £19,476 in last 3 years, £17,085 in last 4 years and £13,532 in last 5 years.

Currently average asking price of a property in Greater Manchester is around £212,547 based on approximately 29,608 properties for sale. Same is the case with rental options based on 8,002 properties up for rent, average asking rent is around £1,108 per month.

Estimated property value in Greater Manchester is £172,055. Average asking price is £212,547 while average price paid is £160,460 which is up by £10,255 and Avg. asking rent £1,108.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 Greater Manchester area. In last 1 year alone average price buyer paid is around £160,460 based on approximately 29,608 sales in Greater Manchester area alone. If you compare it to last 3 years sales of 84,433 properties where buyers paid around £155,777. 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 £154,583 for 135,309 and average amount paid for purchase of approx. 188,065 properties sold in last 7 years comes to about £153,359 per sale.


Properties For Sale in Greater Manchester


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £107,603, £107,631 for a 2 bedroom house, £159,681 for a 3 bedroom house, £298,401 for a 4 bedroom house and £568,048 for a 5 bedroom house. For a flat similarly the prices varies from £99,841 for a single bedroom to £140,632 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £292,271, £730,440 for a 4 bedroom flat and £436,667 for a 5 bedroom flat. To sum up the asking prices for properties in Greater Manchester it comes to around average £100,947 for 1 bedroom property, £117,780 for 2 bedroom, £162,665 for 3 bedroom, £301,302 for 4 bedroom and £567,205 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £459 for 1 bedroom to £508 for 2 bedrooms, £677 for 3 bedrooms, £1,098 for 4 bedrooms and £1,515 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £511. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £669, £1,197 for 3 bedroom, £1,370 for 4 bedroom and around £1,821 for 5 bedroom flat. You should be generally be expecting around average £499 rent per month for single bedroom property, £597 for 2 bedroom, £746 for 3 bedroom, £1,117 for 4 bedroom and approximately £1,538 for a 5 bedroom property in Greater Manchester area.

Popular Houses in Greater Manchester

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Greater Manchester

Areas in and around Greater Manchester