M40 1LY is a residential postcode situated on Culcheth Lane, Manchester, M40 with 27 addresses.
It ranks as the 1467th largest and 141st most expensive of the 1,810 postcodes in the M40 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 27 properties: 4 houses and 23 flats.
M40 1LY is a residential postcode situated on Culcheth Lane, Manchester, M40 with 27 addresses.
It ranks as the 1467th largest and 141st most expensive of the 1,810 postcodes in the M40 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 27 properties: 4 houses and 23 flats.
Sale prices range from £124,088 for 2 bedroom leasehold flats (548 ft2) to £204,074 for 3 bedroom leasehold houses with a garden (890 ft2) .
Monthly rental prices range from £1,031 pcm for 2 bed flats to £1,329 pcm for 3 bed houses.
The gross rental yield is between 7.7% and 10.0%.
The average value per square foot is £226.
The last sale in M40 1LY sold for £34,000 on 12th June 2020. Since then prices are up an average of 51.5%.
The current average value in the postcode is £135,800.
The M40 1LY Sales Market has increased by 90.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.3% | £135,800 |
| April 2025 | 6.1% | £130,231 |
| April 2024 | 1.1% | £122,716 |
| April 2023 | 5.2% | £121,379 |
| April 2022 | 14.7% | £115,334 |
| April 2021 | 10% | £100,535 |
| April 2020 | 6.7% | £91,411 |
| April 2019 | 6.3% | £85,707 |
| April 2018 | 6.2% | £80,648 |
| April 2017 | 6.7% | £75,943 |
| April 2016 | 5.8% | £71,195 |
| April 2015 | 4.7% | £67,314 |
| April 2014 | 6.1% | £64,300 |
| April 2013 | -1.3% | £60,584 |
| April 2012 | -3.7% | £61,366 |
| April 2011 | -3% | £63,720 |
| April 2010 | -2% | £65,664 |
| April 2009 | -14.5% | £66,984 |
| April 2008 | -2.2% | £78,361 |
| April 2007 | 0% | £80,146 |
The current average rental value in the postcode is £1,073.
The M40 1LY Rental Market has increased by 94.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.8% | £1,073pcm |
| April 2025 | 6.9% | £1,034pcm |
| April 2024 | 13.9% | £967pcm |
| April 2023 | 12.8% | £849pcm |
| April 2022 | 10.9% | £753pcm |
| April 2021 | 7.5% | £679pcm |
| April 2020 | 4.3% | £631pcm |
| April 2019 | 2.1% | £605pcm |
| April 2018 | 4.9% | £593pcm |
| April 2017 | 2.7% | £565pcm |
| April 2016 | 3.7% | £551pcm |
| April 2015 | 3.4% | £531pcm |
| April 2014 | 2.8% | £514pcm |
| April 2013 | -0.7% | £500pcm |
| April 2012 | 0.5% | £503pcm |
| April 2011 | 1.3% | £501pcm |
| April 2010 | -1.1% | £494pcm |
| April 2009 | -4.8% | £500pcm |
| April 2008 | 0.9% | £525pcm |
| April 2007 | 0% | £520pcm |
The last sale was on 12th June 2020 for £34,000 and since then the market in the area has increased by 51.5%. The postcode has had a total of 8 sales since 1995.
M40 1LY has seen no sales in the last three years and no sales in the last twelve months.
M40 1LY is the 1467th largest and the 141st most expensive postcode out of the 1,810 postcodes in the M40 area.
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The closest station to M40 1LY is Moston station which is 2.9 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around M40 1LY, 68.9% of property is socially rented and 10.9% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around M40 1LY, 28.8% of residents are recorded as possessing school level qualifications and 14.5% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around M40 1LY, the average age was 36.1 and the most common age was 7.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around M40 1LY, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around M40 1LY, there are an average of 0.6 cars per household.
See below for how this compares to North West and the rest of England & Wales.