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All you need to know – houses for sale in Manchester

by | Nov 15, 2022

Home $ House for sale in the UK $ All you need to know – houses for sale in Manchester

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Manchester can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Manchester.

On top of this, keep reading for detailed information on the demographics of Manchester in Greater Manchester. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

What are the people like in Manchester?

How deprived is the population of Manchester?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Manchester is £0.

In Manchester, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 32%. The ability to buy a home is greatly influenced by the number of people who have degrees. £38,250.00 is the amount people in Manchester are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Manchester, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Do the people of Manchester get to enjoy green space?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Manchester, the city has 12 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Manchester.

What is the social grade score of Manchester?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Manchester, the percentage of people in the two highest categories, A and B is 22%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £38,250.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).

Have the people of Manchester grown in numbers?

In total, the number of people in Manchester is 463109. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Manchester, depending on where exactly you are.

How has Manchester changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Manchester has changed by 4%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 4% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Manchester?

10% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Manchester have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

In general, do people commit a lot of crime in Manchester?

The crime rate of Manchester must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 3633%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (3633%) is both useful and is recommended to be compared to the average.

Are the people in Manchester earning a lot?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£38,250.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 22% for Manchester.

Manchester within Greater Manchester is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Manchester will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Manchester.

In general, what do houses for sale sell for in Manchester?

In Manchester, the average sale price of a house for sale is in fact £192,017. This is dependent on the 10 year population growth of Manchester being 10%. Growing populations are more likely to inflate the prices of houses for sale in the city of Manchester.

Housing category Total final sale price
Aerage sold price (detached) £286,102
Aerage sold price (semi-detached) £195,414
Aerage sold price (terraced) £179,570
Aerage sold price (flat) £139,516

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Manchester.

Housing category Sale price per square foot
Aerage sold price/sqft £2,356
Aerage sold price/sqft (new build) £2,535
Aerage sold price/sqft (old stock) £2,297

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £2,484. This means if you are just looking out the houses sold in Manchester in general and didn’t take into consideration the type of build. For example, a new build.

Other cities in different locations you can consider to buy property

We have prepared a list of cities that are entirely dissimilar to the region of North West, perfect if you are looking for somewhere similar to Manchester but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Invest in a house for sale that meets your demands

When browsing houses for sale in Manchester you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

In Manchester, what is the asking price in general for a house for sale?

The average asking price for the houses for sale in the city of Manchester

Average asking price (1 bed) £194,419
Average asking price (2 bed) £212,758
Average asking price (3 bed) £284,013
Average asking price (4 bed) £376,786
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Manchester and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £1,449 should also give you an overview of what the asking price for houses for sale are in general.

When speaking about the city of Manchester, £234,694 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Manchester would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Who can help you buy a house for sale in Manchester?

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

Always consider average rental yield when searching for houses for sale in Manchester

Are there new houses being built in Manchester to make it grow?

The growth of an area like Manchester can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Manchester growth rate 2% 25% 36%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Manchester if you want to find out the exact reasons for the housing change.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Manchester. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Manchester.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Greater Manchester), a regional level (North West) and finally on the level of the city talked about in this article, Manchester.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Manchester £0 £1,012 £1 £0
Greater Manchester 4.70% £930.05 128.44% 21.10%
North West 0.04 807.60 £1 20.19%

You may also find it useful to compare the data above to the number of properties sold per month Manchester experiences. This figure for house sales per month is 8. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

F.A.Q.

Is it possible to renovate a property in Manchester?

Amidst the urban landscape of Manchester, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 2 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (463109).

What’s the number of property sales each month in Manchester?

In the city of Manchester, there are 8 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Manchester?

To work out how the population of Manchester has changed over time, you can look at the population change over a decade which is 10% and the change in a five year period two which falls at 4%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

prices for houses on sale in the broader vicinity of Manchester?

The average asking price of a house in Manchester is currently £1,449 based on the average price per square foot.

Is a house for sale in Manchester an expensive choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Manchester, this figure stands at £192,017, while the UK average is £286,500.

Find an estate agent where you’re looking to buy in Manchester

When buying, having the right expertise when navigating Manchester and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Contact number Address of agent Email
Arlanda Properties 441619376313 111 Piccadilly, M1 2HY Phone number only
O’Connor Bowden 441618080010 78 Newton Street Phone number only
Urbanbubble 441612363344 7 Dale Street nan
Kaytons Estate Agents nan 49 Piccadilly Aimee Vlassis (aimee@kaytons.co.uk);Paul Olverson (paul@kaytons.co.uk);Gagan Khurana (gagan@kaytons.co.uk)
Property Hub nan 59 Piccadilly Newsdesk (hello@thepropertyhub.net)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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