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M40

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New builds in M40: what they really sell for.

2 new-build homes sold in M40 in the last 12 months, 1% of all sales. New flat homes sold for a median £194,000, 61.7% more than existing ones.

Manchester, covering Ancoats & Beswick, Chadderton South, Charlestown, Clayton & Openshaw, Failsworth West, Harpurhey, Miles Platting & Newton Heath, Moston.

New homes sold

2

1% of sales, last 12 months

New-build premium

+61.7%

Flat homes

Resold, vs market

+53.4%

Market +47.0%

Energy bills

~£883/yr

0% have solar

Developments

Where new homes have sold

New streets with three or more new-build sales in the last two years. Price per m² uses floor areas from each home's energy certificate.

Lower Vickers StreetM40 7NA · flat · 20 sold · latest Oct 2025
£162k–£240k
Varley StreetM40 7EJ · semi-detached, terraced, flat · 4 sold · latest Dec 2024
£400k–£427k£3,232/m²

The premium

New against existing homes

Median sold prices over the last two years. New homes are often a different size, so this is a guide rather than a like-for-like comparison.

Flat

+61.7%

New £194k · existing £120k

22 new-build sales

Resale

Do new builds in M40 hold their value?

Bought new, resold

+53.4%

Local market, same years

+47.0%

Kept pace

54 of 73

Typically held 5 years

Homes in M40 that Land Registry records as bought new and later resold, against the UK house price index for the same type of home and years. Shared-ownership first sales are left out.

Running costs

What new homes here cost to run

Energy bills

~£883/yr

Typical 128 m² home

Typical rating

EPC B

Solar panels

0%

of homes

Heat pumps

0%

of homes

From the energy certificates of 4 recently built homes. Certificate costs use standard assumptions, so compare them rather than budget on them. A typical older D-rated home costs nearer £1,800 a year.

HM Land Registry price paid data, standard sales only, to September 2026. New homes appear once their sale is registered, usually a few weeks after completion.

Questions

How much more do new builds cost in M40?

Over the last two years, new flat homes in M40 sold for a median £194,000 against £120,000 for existing ones, a difference of +61.7%. New homes are often a different size or spec, so compare price per square metre for a specific plot.

Do new builds in M40 hold their value?

73 homes in M40 bought new and later resold changed by a median +53.4%, typically after 5 years. The local market moved +47.0% over the same periods, so new homes here have broadly kept pace.

Which new developments are selling in M40?

Recent new-build sales recorded by Land Registry in M40 include Lower Vickers Street, Varley Street. New streets appear once the first homes complete.

How do I know if a new build in M40 is fairly priced?

Compare the asking price per square metre with plots already sold on the development, allow for the new-build premium, and negotiate extras as well as price. Proptel's new-build check does this for one plot for £9.99, with the extras to ask for and a letter for the sales office.

© 2026 Proptel · Property data for buyers