Average asking price
£218k
UK avg £340k
Postcode district in Manchester, part of the M postcode area
Near a university · 2.3km from Royal Northern College of Music
M16 has a gross rental yield of 6.6%, 47% above the UK average, ranking #7 of 39 M postcode districts by yield.
Estimate only, for England/Northern Ireland SDLT rates. Assumes an interest-only mortgage and doesn't account for insurance, maintenance, voids, or other running costs. Not financial advice.
| Bedrooms | Avg buy | Avg rent | Yield | Sampled |
|---|---|---|---|---|
| Studio | £95k | £900 | 11.4% | 9 / 8 |
| 1 | £155k | £1,050 | 8.1% | 70 / 56 |
| 2 | £220k | £1,300 | 7.1% | 61 / 72 |
| 3 | £382k | £1,550 | 4.9% | 38 / 19 |
| 4 | £450k | £2,325 | — | 21 / 2 |
| 5+ | £688k | £2,800 | — | 14 / 1 |
| District | Avg buy | Avg rent | Yield | |
|---|---|---|---|---|
| M4 | £220k | £1,400 | 7.6% | Compare |
| M5 | £210k | £1,300 | 7.4% | Compare |
| M18 | £225k | £1,375 | 7.3% | Compare |
| M3 | £230k | £1,400 | 7.3% | Compare |
| M11 | £190k | £1,100 | 6.9% | Compare |
| M1 | £260k | £1,500 | 6.9% | Compare |
| M17 | £215k | £1,175 | 6.6% | Compare |
| M12 | £230k | £1,250 | 6.5% | Compare |