HomesIndex

Local market reportsM area › M38

M38 local market report Manchester

Every figure on this page comes from the public record: 4,285 sales registered with HM Land Registry in M38 (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.

M38 is the postcode district covering Little Hulton 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 M38 sits

Click the map to open M38 on the live map, with every sale plotted at its address. The average pricing view shades the whole country the same way.

BL4M46BL5M38
£171,000median sold price, 2026
+43%five-year change (cash)
115sales in the last 12 months
8.2%gross rental yield (est.)

What a home in M38 sells for

The 2026 median in M38 is £171,000, from 24 registered sales; the mean, £173,600, sits almost on top of it, so sales bunch tightly around the typical price.

For scale: the England and Wales median is £274,000, so M38 trades 38% below the country as a whole.

The price of a typical M38 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)
£50k£100k£150k£200k1995200020052010201520202026 1995: £26,000 at the time · £55,200 in today's money · 75 sales1996: £28,500 at the time · £58,701 in today's money · 108 sales1997: £26,500 at the time · £53,077 in today's money · 96 sales1998: £25,500 at the time · £50,271 in today's money · 70 sales1999: £27,000 at the time · £52,553 in today's money · 102 sales2000: £32,000 at the time · £61,333 in today's money · 119 sales2001: £33,400 at the time · £62,710 in today's money · 159 sales2002: £38,500 at the time · £70,746 in today's money · 227 sales2003: £43,500 at the time · £78,266 in today's money · 221 sales2004: £60,800 at the time · £107,846 in today's money · 214 sales2005: £71,900 at the time · £124,965 in today's money · 156 sales2006: £80,000 at the time · £135,627 in today's money · 201 sales2007: £84,400 at the time · £139,822 in today's money · 191 sales2008: £86,500 at the time · £138,480 in today's money · 94 sales2009: £63,200 at the time · £99,222 in today's money · 54 sales2010: £62,000 at the time · £94,961 in today's money · 84 sales2011: £64,000 at the time · £94,359 in today's money · 59 sales2012: £62,000 at the time · £89,125 in today's money · 69 sales2013: £58,000 at the time · £81,507 in today's money · 103 sales2014: £68,000 at the time · £94,217 in today's money · 119 sales2015: £70,500 at the time · £97,290 in today's money · 156 sales2016: £76,000 at the time · £103,842 in today's money · 133 sales2017: £84,000 at the time · £111,892 in today's money · 157 sales2018: £90,500 at the time · £117,821 in today's money · 159 sales2019: £101,000 at the time · £129,295 in today's money · 148 sales2020: £107,500 at the time · £136,226 in today's money · 140 sales2021: £120,000 at the time · £148,387 in today's money · 192 sales2022: £150,000 at the time · £171,784 in today's money · 177 sales2023: £152,000 at the time · £163,110 in today's money · 137 sales2024: £165,500 at the time · £171,851 in today's money · 196 sales2025: £162,000 at the time · £162,000 in today's money · 145 sales2026: £171,000 at the time · £171,000 in today's money · 24 sales
See this chart as a table
YearMedian (cash)Median (today's £)Sales
2026£171,000£171,00024
2025£162,000£162,000145
2024£165,500£171,851196
2023£152,000£163,110137
2022£150,000£171,784177
2021£120,000£148,387192
2020£107,500£136,226140
2019£101,000£129,295148
2018£90,500£117,821159
2017£84,000£111,892157
2016£76,000£103,842133
2015£70,500£97,290156
2014£68,000£94,217119
2013£58,000£81,507103
2012£62,000£89,12569
2011£64,000£94,35959
2010£62,000£94,96184
2009£63,200£99,22254
2008£86,500£138,48094
2007£84,400£139,822191
2006£80,000£135,627201
2005£71,900£124,965156
2004£60,800£107,846214
2003£43,500£78,266221
2002£38,500£70,746227
2001£33,400£62,710159
2000£32,000£61,333119
1999£27,000£52,553102
1998£25,500£50,27170
1997£26,500£53,07796
1996£28,500£58,701108
1995£26,000£55,20075

In cash terms the typical M38 home went from £26,000 in 1995 to £171,000 in 2026, roughly 7 times the price. Even after inflation that is a real rise of about 210%: homes here genuinely became dearer, not just more expensive on paper.

Year-on-year change in the M38 median

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

+50% -50% 0% 1996 · +9.6% on the year before1997 · −7.0% on the year before1998 · −3.8% on the year before1999 · +5.9% on the year before2000 · +18.5% on the year before2001 · +4.4% on the year before2002 · +15.3% on the year before2003 · +13.0% on the year before2004 · +39.8% on the year before2005 · +18.3% on the year before2006 · +11.3% on the year before2007 · +5.5% on the year before2008 · +2.5% on the year before2009 · −26.9% on the year before2010 · −1.9% on the year before2011 · +3.2% on the year before2012 · −3.1% on the year before2013 · −6.5% on the year before2014 · +17.2% on the year before2015 · +3.7% on the year before2016 · +7.8% on the year before2017 · +10.5% on the year before2018 · +7.7% on the year before2019 · +11.6% on the year before2020 · +6.4% on the year before2021 · +11.6% on the year before2022 · +25.0% on the year before2023 · +1.3% on the year before2024 · +8.9% on the year before2025 · −2.1% on the year before2026 · +5.6% on the year before200020052010201520202026

The strongest year on record here is 2004 (+39.8% on the year before); the weakest, 2009 (−26.9%). 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)+5.6%+5.6%
5 years (since 2021)+7.3%+2.9%
10 years (since 2016)+8.4%+5.1%
20 years (since 2006)+3.9%+1.2%

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.

125250 1995: 75 sales1996: 108 sales1997: 96 sales1998: 70 sales1999: 102 sales2000: 119 sales2001: 159 sales2002: 227 sales2003: 221 sales2004: 214 sales2005: 156 sales2006: 201 sales2007: 191 sales2008: 94 sales2009: 54 sales2010: 84 sales2011: 59 sales2012: 69 sales2013: 103 sales2014: 119 sales2015: 156 sales2016: 133 sales2017: 157 sales2018: 159 sales2019: 148 sales2020: 140 sales2021: 192 sales2022: 177 sales2023: 137 sales2024: 196 sales2025: 145 sales2026: 24 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.

2550 May 2021 · 28 sales registeredJune 2021 · 14 sales registeredJuly 2021 · 13 sales registeredAugust 2021 · 14 sales registeredSeptember 2021 · 17 sales registeredOctober 2021 · 9 sales registeredNovember 2021 · 16 sales registeredDecember 2021 · 13 sales registeredJanuary 2022 · 16 sales registeredFebruary 2022 · 13 sales registeredMarch 2022 · 22 sales registeredApril 2022 · 18 sales registeredMay 2022 · 10 sales registeredJune 2022 · 12 sales registeredJuly 2022 · 22 sales registeredAugust 2022 · 13 sales registeredSeptember 2022 · 13 sales registeredOctober 2022 · 11 sales registeredNovember 2022 · 11 sales registeredDecember 2022 · 16 sales registeredJanuary 2023 · 11 sales registeredFebruary 2023 · 12 sales registeredMarch 2023 · 16 sales registeredApril 2023 · 10 sales registeredMay 2023 · 5 sales registeredJune 2023 · 16 sales registeredJuly 2023 · 7 sales registeredAugust 2023 · 7 sales registeredSeptember 2023 · 20 sales registeredOctober 2023 · 10 sales registeredNovember 2023 · 13 sales registeredDecember 2023 · 10 sales registeredJanuary 2024 · 11 sales registeredFebruary 2024 · 12 sales registeredMarch 2024 · 9 sales registeredApril 2024 · 9 sales registeredMay 2024 · 11 sales registeredJune 2024 · 16 sales registeredJuly 2024 · 17 sales registeredAugust 2024 · 23 sales registeredSeptember 2024 · 22 sales registeredOctober 2024 · 17 sales registeredNovember 2024 · 25 sales registeredDecember 2024 · 24 sales registeredJanuary 2025 · 11 sales registeredFebruary 2025 · 9 sales registeredMarch 2025 · 26 sales registeredApril 2025 · 6 sales registeredMay 2025 · 9 sales registeredJune 2025 · 14 sales registeredJuly 2025 · 19 sales registeredAugust 2025 · 10 sales registeredSeptember 2025 · 11 sales registeredOctober 2025 · 15 sales registeredNovember 2025 · 5 sales registeredDecember 2025 · 10 sales registeredJanuary 2026 · 5 sales registeredFebruary 2026 · 6 sales registeredMarch 2026 · 7 sales registeredMay 2026 · 4 sales registered

M38 recorded 115 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 186 sales a year before the financial crisis and 136 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 M38

M38 falls under Salford, where the ONS puts the average private rent at £1,162 a month (May 2026 figures). A one-bed averages £883 a month here and a four-or-more-bed £1,761, so size does most of the work in setting the rent.

Average monthly rent by size, Salford

ONS Price Index of Private Rents, May 2026.

1 bed: £883 a month£8831 bed2 bed: £1,078 a month£1,0782 bed3 bed: £1,277 a month£1,2773 bed4+ bed: £1,761 a month£1,7614+ bed

Set against the £171,000 median sold price, £1,162 a month is £13,944 a year, a gross yield of 8.2%: 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 M38 prices rise from here?

Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 43% over five years in cash and up 15% 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

M38 ranks 2 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 M38, 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
M38 0£175,0009
M38 9£163,00015

How M38 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£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 M38 sale on the live map, mapped to the exact address, or the quick-reference M38 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.