Average asking price
£190k
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 7.7%, 69% above the UK average, ranking #2 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% | 14 / 11 |
| 1 | £165k | £1,038 | 7.5% | 85 / 50 |
| 2 | £225k | £1,350 | 7.2% | 59 / 55 |
| 3 | £375k | £1,500 | 4.8% | 32 / 17 |
| 4 | £515k | £1,850 | 4.3% | 11 / 5 |
| 5+ | £738k | £2,300 | — | 10 / 2 |
| District | Avg buy | Avg rent | Yield | |
|---|---|---|---|---|
| M18 | £200k | £1,350 | 8.1% | Compare |
| M5 | £200k | £1,275 | 7.6% | Compare |
| M3 | £220k | £1,400 | 7.6% | Compare |
| M4 | £222k | £1,400 | 7.6% | Compare |
| M15 | £280k | £1,750 | 7.5% | Compare |
| M1 | £250k | £1,500 | 7.2% | Compare |
| M13 | £212k | £1,250 | 7.1% | Compare |
| M12 | £260k | £1,500 | 6.9% | Compare |
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