Looking at the average price of houses in Manchester and Greater Manchester...
Manchester is the hustling, bustling epicenter of music, food, art, drink, entertainment and culture located in the North West of England. Often hailed as the Capitol of the North, Manchester is the second most populated city in the UK.
But if you live there, you can find yourself wondering about the average house prices in Manchester in 2022.
In this page, we will be looking at the average house prices in Manchester and Greater Manchester, as well as looking at how much you can sell your house for.
Greater Manchester is a metropolitan borough and home to the City of Manchester. Within the Greater Manchester county there are ten boroughs: Manchester, Salford, Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford and Wigan. Many of Greater Manchester's housing stock consists of terraced housing which were constructed as low-cost dwellings for the populations of local factory towns.
House prices across the country have been on the rise over the past year, creeping higher and higher with every passing month. However, it appears that change is on the horizon as Halifax released the information from their latest index which showed house prices had their biggest monthly fall since early 2021.
These changes have been reflected in the property market and and property prices in Manchester are no different.Manchester house prices vary depending on which part of Manchester you reside in. Whilst the price of your property depends upon a variety of factors such as size, location, and condition, the average property price in Manchester was £261,009 and £247,495 in Greater Manchester.
According to data from Numbeo, a cost of living calculator, the house prices for Manchester are not the only thing to be wary of. For a family of four, the estimated spending per month , without rent, is £2,484.09. And for single person the estimated monthly spend is £724.06 without rent.
Basic utilities, such as heating, cooling, water and electricity, for an 85m2 Apartment come to around £207.69 whilst the price of a weekly food shop worked out as average.
Overall, the average price of house in Manchester was £261,009 and the most popular type of house sold was a semi detached.
The average prices of other property sold was an average price of £185,036 for terraced properties and £189,216 for flats.
Greater Manchester, with an overall average price of £247,495 was more expensive than nearby Lancashire (£192,125) and Merseyside (£210,026), but was cheaper than Cheshire (£294,107). Bowden (£1,007,165) , was found to be the most expensive area in Greater Manchester and the cheapest area was Farnworth (£150,403).
In 2021, house prices in Greater Manchester were similar to 2020 and 22% up on 2019 when they averaged at £203,336.
The average house price in Manchester city centre had an average price of £261,941 over the last year. The most popular property type sold on the Manchester open market were flats, coming to an average sale price of £259,777.
Other types of property such as terraced houses sold for an average price of £295,117, with semi-detached properties fetching £270,113.
Overall, sold prices in Manchester City Centre over the last year were 1% down on the previous year and 21% up on the 2019 peak of £216,650.
When it comes to selling your property in Manchester we are pretty much the experts. All you will need to do is enter your postcode into our free, no-obligation valuation form to receive your offer.
Once you have done this we will require one quick visit from one of our regional managers to ensure our original offer is correct. Our regional managers have an extensive knowledge of the local area and will be able to inspect your property as well as answering any other questions you may have.
As soon as you accept our offer, we will take care of the rest! We will instruct solicitors and pay for all their fees as thank you for choosing us! After the legal work has been undertaken, we will complete and our cash offer will land in your bank!
Whilst we have covered the average house prices for some of the main areas of Manchester in this article, if your postcode wasn't included then not to worry. As genuine cash buyers we buy any house in any postcode in Manchester. Here are more of the areas in Manchester and Greater Manchester that we purchase in:
Here at The Property Buying Company, we are a genuine cash buyer who will buy your Manchester home, no matter of condition, property type, or postcode. We have over 50 years of combined property industry experience and are proud members of The Property Ombudsman and the National Association of Property Buyers. We are also rated as excellent on TrustPilot, with over 1000 reviews, allowing you to feel safe in our hands.
We pride ourselves on always providing you with the most up to date information on your sale's progression and will work to a time scale to suit you, whether that's as little as 7 days or three months.
And unlike other cash buyers in Manchester, we are self-funded and have cash reserves. This means that you will be directly dealing with us and we can purchase your home as soon as you are ready to sell, taking the stress out of your house sale. It's just one of the many ways we can make selling easy.