Top 7 Cheapest Places To Buy A House Or Flat In Manchester 2024

Manchester is a great city for property investors, with its rapid growth over the past few years, an influx of students and young people, property boom and the undeniable ‘cool’ factor making it the perfect location to buy property. But where are the cheapest locations in Manchester to buy houses or flats? I have selected 7 of the cheapest places in Manchester for property investment.

Table of Contents

Harpurhey
Little Hulton
Gorton
Radcliffe
Oldham
Moston
Ardwick

Harpurhey

Once given the dubious honour of being called ‘the worst place to live’ in the UK, Harpurhey in the M9 district of Manchester has undergone several regenerations in the past few years, including the Baytree development, North Manchester regeneration framework and Salford Housing Renewal Pathfinder projects and ongoing Northern Gateway development. The regenerations have funded the renovation of older properties in the area, a move welcomed by residents. Harpurhey also boasts great transport links into the city centre as well as easy access to nearby green spaces such as Queen’s Park and more. While Harpurhey may have been deprived in the past, it has improved in leaps and bounds, and this is only set to continue, making it an ideal location for savvy property investors to snap up some bargains in the housing market. Zoopla reports the average sold price in Harpurhey was £153,333 in the past 12 months.

Average rental yield in Harpurhey: 7.07%

Average property price in Harpurhey: £153,333

Little Hulton

This suburban area within the city of Salford has been extensively regenerated and redeveloped in recent years and offers a mix of residential areas as well as shops and other local amenities and parks nearby. The M602 and A580 offer a direct route to Salford and Manchester city centre, making it a good location for young people who commute to work in the centre or Salford’s Media City. Zoopla shows that detached houses sell for an average of £205,000 in Little Hulton, terraced houses have an average selling price of £153,056 and flats go for about £65,000.

Average rental yield in Little Hulton: 7.2%

Average property price in Little Hulton: £154,327

Gorton

Southeast of the city centre, Gorton has also undergone extensive regeneration which removed the unsightly high-rise tower blocks the area was known for and replaced them with modern homes ideal for young families. Gorton is home to some historic sites, including the High Victorian Gothic style Gorton Monastery – the Gorton Heritage Trail explores 20 similar sites of interest. It takes just 20 minutes to get into the city centre from Gorton via car, bus or the Metrolink. Gorton also features the multimillion-pound Gorton District Shopping Centre and Gorton Market Halls, and ongoing regeneration plans mean that Gorton is starting to attract a more trendy, urban crowd. House prices in Gorton vary a lot depending on type, with detached houses going for an impressive £850,000, but with more affordable terraced houses selling for £137,450 and flats for £117.625.

Average rental yield in Gorton: 6.58%

Average property price in Gorton: £159,936

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Radcliffe

Like many areas of Manchester, Radcliffe is a former industrial area with a rich history in textile and paper production and is now a popular residential area. Radcliffe offers a range of local amenities including a diverse range of cafes and restaurants in the centre. Radcliffe features great transport links to Manchester city centre, nearby Bolton and Rochdale, and easy access to the M60, M62 and M66 motorways. Radcliffe is popular with young people and families, especially those who enjoy the outdoors, with great access to hiking trails and the Hurstwood reservoir. Radcliffe is an up-and-coming area benefiting from £20 million of the government’s Levelling Up fund to regenerate the town centre, making it a great location for property investors. According to Zoopla, flats in Radcliffe go for about £98,742, terraced houses sell for around £141,311, and detached houses have an average sale price of £325,854.

Average rental yield in Radcliffe: 5.87%

Average property price in Radcliffe: £178,181

Oldham

Oldham is a town in the northeast of Greater Manchester which features the best of both rural and urban environments, nestled within the Peak District National Park with a dramatic backdrop provided by the Pennines. Oldham is no backwater either, boasting a vibrant town centre with its own cultural quarter, as well as good transport links by roads, bus and tram. It takes 40 minutes to get to the city centre from Oldham and is sometimes overlooked in favour of areas closer to the city. Still, Oldham offers favourable property prices well below the national average and enjoys a buoyant rental market. According to Zoopla, terraced houses go for around £135,287, detached houses sell for an average of £313,389, and average flat sale prices are at a respectable £116,590.

Average rental yield in Oldham: 5.35%

Average property price in Oldham: £178,951

Moston

Another formerly deprived location, Moston is looking up thanks to an upcoming regeneration plan by Manchester City Council. Plans include delivering new homes to the area as well as enhancing local parks and supporting local businesses. Moston offers plenty of green spaces like Broadhurst Park and Moston Fairway Nature Reserve, and is close to the city centre, with regular buses and the Metrolink making it easy to get around the city. Moston also boasts a thriving community centre, The Miners Community Arts and Music Centre, which includes a recording and rehearsal studio plus an 80-seater cinema which hosts its own film festival. Savvy property investors could get some real bargains on the housing market in Moston, with flats selling for an average of £101,250 and semi-detached houses going for £213,351 according to Zoopla. Amazingly, a semi-detached house in Moston sold for just £15,617 in November 2023, so who knows what hidden gems are available?

Average rental yield in Moston: 7.0%

Average property price in Moston: £181,103

Ardwick

You might not think that a local city centre location in Manchester would be a cheap place for property investment, but Ardwick is surprisingly affordable, and less than one mile from the city centre. The area is well served by bus and rail, and you can even ride a biker to the centre within 15 minutes. Another former industrial zone, Ardwick also boasts some well-preserved examples of historic architecture including the art deco style Manchester Apollo, a former theatre which now hosts live music events. Ardwick is popular with young people and students, making it an ideal location for would-be landlords. Prices are a little higher than in more rural locations, with the average sold price being listed as £250,289 on Zoopla, but for its proximity to the centre and the neighbourhood’s desirability, this is a steal for properties in central Manchester, making Ardwick a great choice for property investors.

Average rental yield in Ardwick: 5.66%

Average property price in Ardwick: £250,289