M50 2GQ is a residential postcode situated on Vere Street, Salford, M50 with 48 addresses.
It ranks as the 55th largest and 23rd most expensive of the 137 postcodes in the M50 area.
The postcode contains a total of 48 properties: 1 house, 38 flats and 9 other properties.
M50 2GQ is a residential postcode situated on Vere Street, Salford, M50 with 48 addresses.
It ranks as the 55th largest and 23rd most expensive of the 137 postcodes in the M50 area.
The postcode contains a total of 48 properties: 1 house, 38 flats and 9 other properties.
Sale prices range from £146,962 for 1 bedroom Leasehold flats (495 ft2) to £195,423 for 2 bedroom Leasehold flats (505 ft2) .
Monthly rental prices range from £941 pcm for 1 bed flats to £1,170 pcm for 2 bed flats.
The gross rental yield is between 7.2% and 7.7%.
The average value per square foot is £505.
The last sale in M50 2GQ sold for £732,000 on 2nd March 2018. Since then prices are down an average of 0.0%.
The current average value in the postcode is £148,665.
The M50 2GQ Sales Market has increased by 22.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.7% | £148,665 |
| April 2025 | -5.7% | £151,210 |
| April 2024 | 5.5% | £160,372 |
| April 2023 | 2.4% | £152,046 |
| April 2022 | 1.7% | £148,414 |
| April 2021 | 7.4% | £145,924 |
| April 2020 | 1% | £135,832 |
| April 2019 | -7.3% | £134,506 |
| April 2018 | 12.4% | £145,114 |
| April 2017 | 6.1% | £129,130 |
| April 2016 | 7.1% | £121,678 |
| April 2015 | 1.2% | £113,615 |
| April 2014 | 2.8% | £112,229 |
| April 2013 | -1.2% | £109,143 |
| April 2012 | -6.7% | £110,433 |
| April 2011 | 4.9% | £118,401 |
| April 2010 | -6.1% | £112,834 |
| April 2009 | -11% | £120,162 |
| April 2008 | 1.3% | £135,077 |
| April 2007 | 0% | £133,365 |
The current average rental value in the postcode is £949.
The M50 2GQ Rental Market has increased by 50.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.8% | £949pcm |
| April 2025 | 1% | £923pcm |
| April 2024 | 6.9% | £914pcm |
| April 2023 | 13.6% | £854pcm |
| April 2022 | 12% | £752pcm |
| April 2021 | -0.4% | £671pcm |
| April 2020 | 2.5% | £674pcm |
| April 2019 | 1.8% | £658pcm |
| April 2018 | -1.3% | £646pcm |
| April 2017 | 4.1% | £655pcm |
| April 2016 | 5.8% | £629pcm |
| April 2015 | 5.1% | £594pcm |
| April 2014 | 1.9% | £566pcm |
| April 2013 | 3.7% | £555pcm |
| April 2012 | 1.5% | £536pcm |
| April 2011 | 6.3% | £528pcm |
| April 2010 | -6.1% | £497pcm |
| April 2009 | -9.2% | £529pcm |
| April 2008 | 0.1% | £582pcm |
| April 2007 | 0% | £582pcm |
The last sale was on 2nd March 2018 for £732,000 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
M50 2GQ has seen no sales in the last three years and no sales in the last twelve months.
M50 2GQ is the 55th largest and the 23rd most expensive postcode out of the 137 postcodes in the M50 area.
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The closest station to M50 2GQ is Salford Crescent station which is 1.4 kilometres away.
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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 M50 2GQ, % of property is and % is .
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 M50 2GQ, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 M50 2GQ, 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 M50 2GQ, there are an average of 0.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.