Albeit largely famed for its frequent spells of wet weather, Manchester, as well as being home to some of the friendliest people in the UK, is a great part of the country to invest in property - particularly for those seeking great value.
Whether you’re looking for a home to call your own or something you can rent out to somebody else, with the average property price sitting at £293,934 (stats taken from Rightmove, November 2023) - a staggering £78,878 less than the national average of £372,812 - Manchester really is a fantastic place to secure a property.
In this blog post, we will cover some cheap places to live in Manchester, the most affluent areas, the most deprived and what regeneration opportunities are happening across the city.
Some of Greater Manchester’s most sought-after postcodes sit within parts of Cheshire and Saddleworth, where the house prices are notably higher. However, there are plenty of affordable properties on the market in other areas.
In fact, in some districts of Manchester, the average house price is well below £200,000 - great news for first time buyers and those seeking a competitively priced property within easy reach of the city centre.
Of course, there is much to consider when buying a home, and how you intend to use the property you invest in is integral to your search. In some areas, you can pick up a property from as little as £50,000 - but such an area may not be preferable to young families on the lookout for the best schools, for example.
Performing thorough research is vital in order to gain insight into what each district has to offer before signing your name on the dotted line.
If you’re on a budget, there are several places to live in Manchester that are still close to major amenities, without the massive price tag:
Currently ranked as the cheapest place to live in Manchester in which to buy a house or flat, Gorton is located south-east of the city centre, with the likes of Abbey Hey and Debdale also covered within this area.
Those looking to purchase a home in Gorton can expect to spend around £188,957, which is the average price of a home within the M18 postcode. And despite being one of Manchester’s somewhat less desirable places to live, the area has undergone considerable regeneration in recent years, transforming what was once a district defined by unattractive, high-rise tower blocks into a thriving neighbourhood flooded with modern family homes.
Gorton also benefits from great transport links in and out of the city centre. Residents in Gorton can enjoy the hustle and bustle of Manchester’s vibrant shops, bars & restaurants within 20 minutes, with buses and metrolink services operating on a frequent basis. Local towns such as Hyde and Ashton-under-Lyne are within easy reach, too.
Nestled between Manchester City Centre and Bolton, Radcliffe profits from an attractive average property price of just £215,719.
With Chapel Field, Stoneclough and Prestolee all sitting within the M26 postal district, what was once a highly industrial area with a rich textile history, has since become an attractive residential area housing plenty of great value homes.
With great transport links to Bolton, Bury, Manchester City Centre and Rochdale, as well as the M60 motorway, Radcliffe has much to offer from a location perspective, with plenty of neighbouring areas all within easy reach.
Comfortably nestled within the M9 district of Manchester, alongside neighbouring areas White Moss and Higher Blackley, terraced properties in Harpurhey and Blackley boast an attractive average price of just £167,725.
A residential area that continues to grow in popularity, families in particular will be interested to learn more about the area’s abutting green spaces such as Heaton Park and Boggart Hole Clough - two sprawling spots in which to indulge in some downtime.
In addition to this, the M9 locale is also favoured with great transport connections and easy access to North Manchester General Hospital. All of this together identify Northeast Manchester as an ever appealing place in which to call home.
Those intent on saving money will be pleased to hear that both Harpurhey and Blackley house an abundance of properties at prices well below the area average. According to Zoopla and Rightmove, the cheapest property in the area is currently listed at £80,000 - almost £150,000 less than the average for Manchester as a whole.
Making up the East Manchester M11 postcode, Beswick, Clayton & Openshaw are situated just 2-3 miles from the city centre, with excellent transport links to and from - great for news for those that work amid the hustle and bustle.
A recently regenerated area famed for being the home of reigning Premier League Champions, Manchester City, the M11 area continues to grow in popularity, with an increasing number of people investing in property here.
Recent figures indicate that properties in this part of Manchester average at £214,478, with the current lowest listed price currently standing at £50,250 - remarkably less than the area average.
Set within the Wigan borough, Atherton is in the most north westerly part of Greater Manchester, accommodating average house prices of £176,640.
With its industrial roots and historical mining heritage, Atherton also boasts low property prices, a wealth of local amenities and handy transport links to and from Manchester city centre, Wigan and Bolton.
Those craving an affordable place to live on the doorstep of the thriving city centre may wish to explore properties in Cheetham Hill and Crumpsall. Both located in Northeast Manchester, Cheetham Hill is a mere 1.5 miles out from the bustling rainy city, meanwhile Crumpsall is approximately 4 miles away.
Looking to buy a home in Cheetham Hill or Crumpsall? Houses within the M8 postcode currently average at around £196,603, considerably less than the median price for Manchester as a whole. These areas also benefit from easy access to North Manchester General Hospital and popular green spaces, such as Heaton Park.
Unlike Cheetham Hill, a busy inner city area with a dense population, Crumpsall is more suburban, making it a more popular choice for families and those that prefer to take a slightly slower paced approach to life.
At present, the cheapest property on the market in Crumpsall stands at just £50,000, with the lowest priced home in Cheetham Hill currently marketed at £80,000.
Officially the cheapest part of Manchester to buy a property in, Little Hulton is situated on the northwesterly outskirts of the city, sitting within the Salford City Council area.
Homes in Little Hulton have an average price of £176,250, and the M8 area accommodates convenient travel links not only to the city centre, but to Salford and Bolton, too. The added benefit of Walkden train station and great road links to the A580 and M60 make Little Hulton an increasingly sought after place to live.
Currently ranked as the tenth cheapest part of Manchester in which to buy property, the M12 areas of Ardwick and West Gorton are situated in the south easterly part of Manchester, with neighbouring areas including the likes of Chorlton on Medlock, Longsight and Belle Vue.
Previously heavily industrial areas with a plentitude of traditional Victorian, post-war houses, Ardwick & West Gorton are now lightly commercial and largely residential. Access in and out of the city centre by both bus and car is easy and the average house price currently stands at £263,917, with the cheapest home currently marketed at £210,000 according to Rightmove & Zoopla.
Forming part of the M40, Monsall and Moston sit within the Northeasterly part of Manchester alongside neighbouring suburbs Miles Platting, New Moston, Collyhurst and Newton Heath.
Prising a mixture of residential and commercial areas, the average property price here currently sits at £202,957, making it an incredibly affordable place to live. Better yet, with easy access into the city centre via bus, Metrolink and car recognise this area as an ideal living spot for commuters.
Those hoping on scooping an incredible deal on their next home or investment property will be interested to know that the cheapest property on the market in Monsall currently stands at £85,000 - well below the area average.
And finally, an inner city area immediately south of the city centre, Hulme has an average property price of £197,615 - although the lowest priced home currently listed on Rightmove comes in at just £120,000.
Once a heavily industrial area, in more recent times, Hulme has been repeatedly redeveloped to help breathe new life into the area. Nowadays, as well as being home to the new Manchester Metropolitan University campus, Hulme also boasts a thriving arts scene, establishing a modern hub of creative people.
With much to offer born-and-bred Mancunians and those from further afield, Manchester is fast becoming one of the most sought after spots to invest in property - and with houses available at such an attractive price point, it’s not difficult to see why.
As we enter 2024, prospective homebuyers seeking affordability in Greater Manchester will find the OL8 postcode area, encompassing parts of Oldham including Bardsley, to be the most budget-friendly option.
Here, the average house price stands at £144,104, a figure that positions OL8 as the most affordable area for purchasing a property in the region. Terraced properties sold for an average price of £124,382, semi-detached properties sold for an average price of £175,514, and detached homes sold for £255,667.
This area’s appeal is enhanced by its blend of lower property prices and the potential for value appreciation, making it a wise choice for first-time buyers and investors alike.
However, when considering the cost of living beyond just housing prices, Rusholme emerges as one of the cheapest places to live in Manchester. Famed locally as the “Curry Mile”, this vibrant slice of Manchester is a haven for students and young professionals. Many students look to Rusholme for its cheap places to live in Manchester.
Its reputation for affordability extends beyond housing costs, offering a cost-effective lifestyle. The area’s diverse array of restaurants, primarily South Asian cuisine, adds to its cultural richness and appeal.
Furthermore, its close proximity to Manchester City Centre, coupled with excellent public transport links, makes Rusholme a highly convenient and desirable location for those who seek an urban living experience without the hefty price tag.
|Approx. Distance from Manchester City Center
|A town known for its affordable housing market and strong community feel.
|About 10 miles northeast
|Offers a mix of urban and rural living with relatively low housing costs.
|Around 7 miles northeast
|Provides affordable living with good amenities and transport links.
|Approximately 6 miles east
|Known for its cheaper housing market and historical charm.
|Roughly 10 miles northwest
|Combines affordable living with easy access to Manchester’s city amenities.
|About 7 miles southeast
|Offers a lower cost of living with good local facilities and a traditional market.
|Around 8 miles north
|Though parts are upscale, there are affordable areas, especially away from the MediaCityUK area.
|Directly adjacent, about 2-3 miles west
|Known for its affordability and peaceful environment, slightly farther from the city centre.
|Approximately 12 miles west
|Offers a quieter, suburban lifestyle with reasonable property prices.
|Roughly 7 miles east
|Provides a balance of affordability and quality of life, with good transport links.
|About 16 miles northwest
Moss Side West stands as the most deprived area within the Greater Manchester region. This inner-city area, situated just 1.9 miles south of Manchester city centre is home to a diverse community of just over 20,000 residents.
Technically speaking, Moss Side West should be included within our cheap places to live in Manchester, however we believe that the area deserves a slightly deeper dive to understand why it’s the most deprived area in Manchester.
Moss Side West’s average total household income sits at approximately £29,300 per year, which is the lowest in the Greater Manchester area.
The history of Moss Side West is complicated, marked by challenges that include gang-related violence and drug-related offences. This legacy has contributed to its reputation as an area facing significant socio economic difficulties. However, it is essential to recognise the ongoing transformation and resilience within the community.
In recent years, Moss Side West has been the focus of converted efforts by local organisations and authorities aimed at revitalising the area. These initiatives encompass a broad spectrum of strategies, including community engagement programmes, economic development projects, and enhanced public safety measures.
Key among these efforts is the promotion of local businesses, improvement of educational facilities and the development of recreational spaces that foster a sense of community and belonging.
Moreover, these interventions are not just about addressing immediate concerns but are also aimed at laying the groundwork for long-term socio-economic upliftment. Community-led projects have been important in enhancing the quality of life in Moss Side West, demonstrating the resilience and solidarity of its residents.
These development projects often focus on youth engagement, aiming to provide alternatives to crime and to empower the next generation through education and skill development.
Additionally, significant investments in public infrastructure and housing are gradually changing the landscape of Moss Side West. New housing developments and renovations of existing properties are aimed at improving living conditions and attracting a more diverse population to the area.
As with any major urban area in the UK, Manchester presents a complex jigsaw of economic realities, making it difficult to categorise as a low-income area. This vibrant city is a study in contrasts, boasting both economic vitality and areas of significant deprivation.
As we have previously mentioned there are many cheap places to live in Manchester but there are also some expensive areas too. In recent years, Manchester has witnessed extensive regeneration, particularly in the city centre and its immediate surroundings.
This transformation has led to the emergence of affluent neighbourhoods characterised by high-income levels, modern infrastructures, and upscale living standards. These developments coexist with areas where income levels are considerably lower.
Neighbourhoods such as the bustling city centre, Didsbury, Bowdon, Chorlton, and Altrincham stand as testaments to Manchester’s affluence. These areas are renowned for their high living standards, with vibrant cultural scenes, well-appointed homes, and a range of amenities that cater to a more prosperous demographic.
However, this picture of prosperity is not uniform across the city. Manchester also encompasses areas grappling with higher levels of deprivation. This dichotomy is reflected in findings by the Joseph Rowntree Foundation (JRF, a respected organisation dedicated to addressing social issues and poverty.
According to JRF, within the broader context of Greater Manchester, Oldham ranks as the 28th highest in the UK for levels of destitution, followed closely by Rochdale at 25th and Salford at 12th.
Most significantly, Manchester itself is ranked second among all the Greater Manchester boroughs in terms of the prevalence of deprivation.
Under Manchester City’s housing plan, the local authorities are investing huge amounts of funds into developing more cheap places to live in Manchester to attract and house its diverse population.
Within Greater Manchester, there are several areas which are facing regeneration projects to provide the local community and area with an uplift, these include Stockport, Trafford, Ashton-Under-Lyne, Bolton, Oldham, Salford, and Rochdale.
Stockport is benefiting from a £1 billion regeneration project. This initiative is aimed at enhancing amenities, developing a new business hub and improving local infrastructure.
The project includes transforming the town centre to make it an ideal place for work, living and leisure. They are also constructing a new £45 million leisure facility featuring a deluxe cinema, various eateries and a bowling alley.
The Trafford area is undergoing a massive regeneration with an investment of over £260 million. This project spans across 120 acres and includes the construction of over 1,000 new homes.
The plan also involves building a new university campus, improving public spaces, creating housing and office spaces, and upgrading cycling routes.
The area has several regeneration projects, including a £19.87 million refurbishment of the town centre. The focus is on improving public spaces and the experience for pedestrians and cyclists, along with creating new homes, retail and commercial spaces.
Enhancements to the town’s market square and the addition of a health and wellbeing hub are also part of the plan.
Bolton is undergoing a significant transformation with a £1.5 billion investment pledged to revitalise the town centre. This includes a £250 million plan to replace the Crompton Place shopping centre with a 110-bed hotel, 150 new homes, retail spaces, a leisure district and an events space called Bolton Works.
In Oldham, there’s a partnership with Willmott Dixon for town centre regeneration, following successful schemes in Rochdale and Stockport. The project will renew the town’s retail and market areas and includes a 450,000 square foot development for a new market, flexible offices and an events space.
Additionally, £10 million is allocated for community upskilling to create new opportunities and increase employment rates. We are confident that Oldham, currently recognised as one of the most affordable places to live in Manchester, will experience significant transformation and growth in the future.
As it undergoes extensive regeneration, we anticipate that Oldham will emerge as a major borough within Manchester, presenting substantial potential for development in the coming years.
Salford is leading with several high-profile regeneration projects. The £550 million Media City development has established Salford as a media industry hub.
Other projects include the development of Salford City Football Club stadium with a £26 million investment, the recently completed Greengate Square after raising £400 million from the private sector, and the £650 million Pendleton scheme that includes building 1,500 new homes, modernising 1,300 homes and creating 500 additional jobs.
Rochdale is implementing a multi-million pound scheme focusing on improving transport and town centre infrastructure. The development includes constructing over 1,000 new homes, introducing green spaces and enhancing pedestrian areas to make the town more attractive.
Out of all of Manchester’s areas, Bowdon emerges as the least deprived and most affluent area in Greater Manchester. Known for its luxurious lifestyle, Bowdon is characterised by its opulent mansions, each a testament to the area’s affluence and high living standards.
Bowdon’s allure is not just in its property prices but also in its idyllic setting. It boasts expansive gardens, impressive architectural designs and a strong sense of community that resonates with its residents.
As a highly coveted suburb in the Trafford area, Bowdon’s average house price stands at an impressive £745,286 — a far cry from the cheap places to live in Manchester & the average house price in Gorton of £188,957.
The property market in Bowdon is diverse, with the majority of sales in the past year being flats, which sold for an average of £397,852. However, the area also features terraced properties and detached homes, fetching average prices of £569,162 and £1,535,667 respectively.
Among the most prestigious streets in Bowdon, Theobald Road leads with an average house price of £2,580,000. This is closely followed by York Road and Catherine road with average house prices of £2,346,000 and £3,023,000 respectively.
The reasons behind Bowdons high property values and its designation as one of Manchester’s most expensive areas are pretty straightforward.
A significant factor is the limited housing stock coupled with increasing demand particularly from buyers looking to transition from city centre living to more suburban settings. The desire for more space, better access to green areas, and a quieter environment drives this trend.
Moreover, the lifestyle offering in Bowdon is highly sought after. The proximity to natural attractions like Bowdon Downs and Dunham Forest Golf Course makes it a haven for outdoor enthusiasts and retirees.
Selling a house on the open market in less expensive areas of Manchester will require a slightly different approach then if you were to sell in an averagely priced area. We would recommend following this checklist when selling in low house priced areas:
Understand your market: Research the demographic likely to buy in your area. Is it first-time buyers, investors or perhaps families looking for affordable housing?
Set a realistic price: In less expensive areas, pricing your property competitively is vital. Work with your local estate agent to determine a fair market price that reflects the area’s current property values. Overpricing can lead to prolonged time on the market.
Highlight local amenities and transport links: Buyers in more affordable areas often prioritise practicality. Highlight the proximity to public transportation, schools, local shops, parks and any other amenities that add value to living in the area.
Enhance kerb appeal and stage your home: First impressions matter. Simple improvements like a tidy garden, a fresh coat of paint, and a clean, decluttered interior can make your home more appealing.
Invest in affordable upgrades: If possible, invest in cost-effective upgrades that can make your property stand out. This could be as simple as new fixtures and fittings, a modernised bathroom or improved energy efficiency.
Use professional photography: Good quality photos can significantly impact how your property is perceived online. Professional photos can showcase your home in the best light, attracting more potential buyers.
Be open to negotiation: Buyers in less expensive areas are often looking for a good deal. Be prepared to negotiate on price and terms. Understanding the lowest price you’re willing to accept before entering negotiations is key.
Be prepared for investor interest: In less expensive areas, there may be more interest from property investors. Be prepared for this type of buyer who may be looking for a faster transaction for lower the price. Investors are often on the lookout for cheap places to live in Manchester.
Remember, even in less expensive areas, there’s a demand for housing. With the right approach, you can successfully sell your property by emphasising its value, practicality and lifestyle it offers.
If you live in one of the more affordable places to live in Manchester, then the easiest way to sell your house or in any area across the country is to sell to us! We are a cash house buying company with over 100 years of combined experience, and have a track record of helping people to sell their homes.
Because we are a cash buyer, we have our own cash reserves in which we can buy your house on a timescale that suits you, although we can do it in as little as seven days. Not only this, but we will also cover all the fees associated with selling your house including the solicitor fees.
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