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M23 local market report Manchester

Every figure on this page comes from the public record: 12,764 sales registered with HM Land Registry in M23 (Manchester) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.

Sales data to May 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.

M23 is the postcode district covering Baguley, Brooklands, Roundthorn Industrial Estate in Manchester. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.

Where M23 sits

Click the map to open M23 on the live map, with every sale plotted at its address. The average pricing view shades the whole country the same way.

M22M90M33M21M20SK8WA14M19SK4SK3M31SK7M23
£265,000median sold price, 2026
+35%five-year change (cash)
274sales in the last 12 months
6.1%gross rental yield (est.)

What a home in M23 sells for

The 2026 median in M23 is £265,000, from 89 registered sales; the mean, £286,400, sits modestly above it, the usual shape of a market with an expensive tail.

For scale: the England and Wales median is £274,000, so M23 trades 3% below the country as a whole.

The price of a typical M23 home, 1995 to 2026

The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.

Price at the timeIn today's money (CPIH)
£125k£250k£375k£500k1995200020052010201520202026 1995: £46,000 at the time · £97,662 in today's money · 192 sales1996: £41,500 at the time · £85,478 in today's money · 196 sales1997: £50,200 at the time · £100,546 in today's money · 338 sales1998: £56,400 at the time · £111,189 in today's money · 408 sales1999: £56,000 at the time · £108,999 in today's money · 463 sales2000: £63,000 at the time · £120,750 in today's money · 443 sales2001: £65,000 at the time · £122,041 in today's money · 448 sales2002: £72,000 at the time · £132,304 in today's money · 578 sales2003: £84,000 at the time · £151,134 in today's money · 578 sales2004: £95,000 at the time · £168,509 in today's money · 754 sales2005: £111,500 at the time · £193,791 in today's money · 514 sales2006: £120,000 at the time · £203,440 in today's money · 590 sales2007: £125,000 at the time · £207,083 in today's money · 661 sales2008: £127,000 at the time · £203,318 in today's money · 261 sales2009: £115,000 at the time · £180,546 in today's money · 223 sales2010: £110,000 at the time · £168,479 in today's money · 243 sales2011: £95,000 at the time · £140,064 in today's money · 255 sales2012: £101,800 at the time · £146,338 in today's money · 246 sales2013: £115,000 at the time · £161,609 in today's money · 264 sales2014: £120,000 at the time · £166,265 in today's money · 394 sales2015: £135,000 at the time · £186,300 in today's money · 451 sales2016: £132,500 at the time · £181,040 in today's money · 414 sales2017: £147,500 at the time · £196,477 in today's money · 447 sales2018: £155,000 at the time · £201,792 in today's money · 474 sales2019: £160,000 at the time · £204,824 in today's money · 456 sales2020: £178,000 at the time · £225,565 in today's money · 337 sales2021: £197,000 at the time · £243,602 in today's money · 481 sales2022: £230,000 at the time · £263,402 in today's money · 409 sales2023: £235,000 at the time · £252,177 in today's money · 376 sales2024: £245,800 at the time · £255,233 in today's money · 418 sales2025: £260,000 at the time · £260,000 in today's money · 363 sales2026: £265,000 at the time · £265,000 in today's money · 89 sales
See this chart as a table
YearMedian (cash)Median (today's £)Sales
2026£265,000£265,00089
2025£260,000£260,000363
2024£245,800£255,233418
2023£235,000£252,177376
2022£230,000£263,402409
2021£197,000£243,602481
2020£178,000£225,565337
2019£160,000£204,824456
2018£155,000£201,792474
2017£147,500£196,477447
2016£132,500£181,040414
2015£135,000£186,300451
2014£120,000£166,265394
2013£115,000£161,609264
2012£101,800£146,338246
2011£95,000£140,064255
2010£110,000£168,479243
2009£115,000£180,546223
2008£127,000£203,318261
2007£125,000£207,083661
2006£120,000£203,440590
2005£111,500£193,791514
2004£95,000£168,509754
2003£84,000£151,134578
2002£72,000£132,304578
2001£65,000£122,041448
2000£63,000£120,750443
1999£56,000£108,999463
1998£56,400£111,189408
1997£50,200£100,546338
1996£41,500£85,478196
1995£46,000£97,662192

In cash terms the typical M23 home went from £46,000 in 1995 to £265,000 in 2026, roughly 6 times the price. Even after inflation that is a real rise of about 171%: homes here genuinely became dearer, not just more expensive on paper.

Year-on-year change in the M23 median

Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.

+25% -25% 0% 1996 · −9.8% on the year before1997 · +21.0% on the year before1998 · +12.4% on the year before1999 · −0.7% on the year before2000 · +12.5% on the year before2001 · +3.2% on the year before2002 · +10.8% on the year before2003 · +16.7% on the year before2004 · +13.1% on the year before2005 · +17.4% on the year before2006 · +7.6% on the year before2007 · +4.2% on the year before2008 · +1.6% on the year before2009 · −9.4% on the year before2010 · −4.3% on the year before2011 · −13.6% on the year before2012 · +7.2% on the year before2013 · +13.0% on the year before2014 · +4.3% on the year before2015 · +12.5% on the year before2016 · −1.9% on the year before2017 · +11.3% on the year before2018 · +5.1% on the year before2019 · +3.2% on the year before2020 · +11.3% on the year before2021 · +10.7% on the year before2022 · +16.8% on the year before2023 · +2.2% on the year before2024 · +4.6% on the year before2025 · +5.8% on the year before2026 · +1.9% on the year before200020052010201520202026

The strongest year on record here is 1997 (+21.0% on the year before); the weakest, 2011 (−13.6%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Annualised returns

PeriodCash, per yearReal terms, per year
1 years (since 2025)+1.9%+1.9%
5 years (since 2021)+6.1%+1.7%
10 years (since 2016)+7.2%+3.9%
20 years (since 2006)+4.0%+1.3%

Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.

Transaction volumes

How many homes change hands

Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.

5001,000 1995: 192 sales1996: 196 sales1997: 338 sales1998: 408 sales1999: 463 sales2000: 443 sales2001: 448 sales2002: 578 sales2003: 578 sales2004: 754 sales2005: 514 sales2006: 590 sales2007: 661 sales2008: 261 sales2009: 223 sales2010: 243 sales2011: 255 sales2012: 246 sales2013: 264 sales2014: 394 sales2015: 451 sales2016: 414 sales2017: 447 sales2018: 474 sales2019: 456 sales2020: 337 sales2021: 481 sales2022: 409 sales2023: 376 sales2024: 418 sales2025: 363 sales2026: 89 sales1995200020052010201520202026

The last five years, month by month

Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.

50100 June 2021 · 64 sales registeredJuly 2021 · 23 sales registeredAugust 2021 · 31 sales registeredSeptember 2021 · 72 sales registeredOctober 2021 · 32 sales registeredNovember 2021 · 29 sales registeredDecember 2021 · 37 sales registeredJanuary 2022 · 26 sales registeredFebruary 2022 · 25 sales registeredMarch 2022 · 49 sales registeredApril 2022 · 37 sales registeredMay 2022 · 39 sales registeredJune 2022 · 25 sales registeredJuly 2022 · 34 sales registeredAugust 2022 · 32 sales registeredSeptember 2022 · 37 sales registeredOctober 2022 · 38 sales registeredNovember 2022 · 37 sales registeredDecember 2022 · 30 sales registeredJanuary 2023 · 20 sales registeredFebruary 2023 · 25 sales registeredMarch 2023 · 29 sales registeredApril 2023 · 23 sales registeredMay 2023 · 21 sales registeredJune 2023 · 37 sales registeredJuly 2023 · 28 sales registeredAugust 2023 · 52 sales registeredSeptember 2023 · 22 sales registeredOctober 2023 · 39 sales registeredNovember 2023 · 28 sales registeredDecember 2023 · 52 sales registeredJanuary 2024 · 14 sales registeredFebruary 2024 · 55 sales registeredMarch 2024 · 40 sales registeredApril 2024 · 26 sales registeredMay 2024 · 20 sales registeredJune 2024 · 32 sales registeredJuly 2024 · 36 sales registeredAugust 2024 · 30 sales registeredSeptember 2024 · 40 sales registeredOctober 2024 · 32 sales registeredNovember 2024 · 42 sales registeredDecember 2024 · 51 sales registeredJanuary 2025 · 29 sales registeredFebruary 2025 · 37 sales registeredMarch 2025 · 62 sales registeredApril 2025 · 22 sales registeredMay 2025 · 28 sales registeredJune 2025 · 19 sales registeredJuly 2025 · 28 sales registeredAugust 2025 · 33 sales registeredSeptember 2025 · 27 sales registeredOctober 2025 · 39 sales registeredNovember 2025 · 23 sales registeredDecember 2025 · 16 sales registeredJanuary 2026 · 16 sales registeredFebruary 2026 · 27 sales registeredMarch 2026 · 27 sales registeredApril 2026 · 12 sales registeredMay 2026 · 7 sales registered

M23 recorded 274 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 571 sales a year before the financial crisis and 331 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.

What homes rent for around M23

M23 falls under Manchester, where the ONS puts the average private rent at £1,352 a month (May 2026 figures). A one-bed averages £989 a month here and a four-or-more-bed £1,989, so size does most of the work in setting the rent.

Average monthly rent by size, Manchester

ONS Price Index of Private Rents, May 2026.

1 bed: £989 a month£9891 bed2 bed: £1,216 a month£1,2162 bed3 bed: £1,410 a month£1,4103 bed4+ bed: £1,989 a month£1,9894+ bed

Set against the £265,000 median sold price, £1,352 a month is £16,224 a year, a gross yield of 6.1%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.

Will M23 prices rise from here?

Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 35% over five years in cash and up 9% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.

Ladders and snakes: five-year risers and fallers

M23 ranks 5 of 42 in the M area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.

Five-year change in the median, M area districts

The biggest risers and fallers in cash terms; every row links to that district's report.

M17M17 · +43% over five years · median £2,854,400+43%M38M38 · +43% over five years · median £171,000+43%M9M9 · +41% over five years · median £190,000+41%M46M46 · +36% over five years · median £190,000+36%M23M23 · +35% over five years · median £265,000+35%M5M5 · −18% over five years · median £165,000−18%M3M3 · −20% over five years · median £200,000−20%M4M4 · −22% over five years · median £203,800−22%M15M15 · −36% over five years · median £207,400−36%M2M2 · −76% over five years · median £691,500−76%

Inside M23, street group by street group

Postcode sectors are the next slice down, each a group of streets. Prices can differ sharply between two sectors a few minutes' walk apart.

SectorMedian (latest)Sales that year
M23 0£280,00027
M23 1£251,50020
M23 2£233,50010
M23 9£275,00032

How M23 compares nearby

Same city, different markets. The neighbouring districts of the M area, dearest first:

DistrictMedian5-year
M17£2,854,400+43%
M2£691,500-76%
M21£397,500+19%
M33£387,500+23%
M20£369,000+23%
M41£340,000+20%
M32£295,000+26%
M25£283,000+13%
M45£280,000+30%
M19£275,500+25%
M7£275,000+34%
M16£272,500+24%
M23 (this report)£265,000+35%
M28£265,000+8%
M13£250,000+11%
M27£238,000+24%
M22£237,500+28%
M14£235,000+26%
M29£230,000+21%
M44£228,000+30%
M30£225,000+23%
M1£220,000-12%
M35£213,800+24%
M15£207,400-36%

Dig further

See every individual M23 sale on the live map, mapped to the exact address, or the quick-reference M23 price page. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.

How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.