M7 Property Market Update: Why Terraced Homes Are Outperforming Flats in 2026
Hello, Avi Rosenfeld here.
Earlier this morning, while walking along Great Cheetham Street West, I spotted a young couple attempting to manoeuvre a very large flat-pack wardrobe through the front door of a traditional terraced house. It was one of those moments that reminded me how different property types can shape our daily lives.
While most people share the same dream of owning a home, the type of property they buy can have a significant impact on both their lifestyle and their finances. Looking at the M7 property market today, the difference between houses and flats has become increasingly noticeable.
The M7 Property Story: Terraces Leading the Way
If you purchased a terraced property in M7 around seven years ago, you'll likely be very pleased with the results.
Since 2019, terraced homes across Broughton and Higher Broughton have increased in value by approximately 21.3%, adding around £47,000 to the average property's worth. For many homeowners, that represents a substantial amount of additional equity built simply through owning the right type of property in the right location.
By comparison, flats have experienced a much more challenging period. Average flat values have fallen by around £5,600 over the same timeframe, creating a striking contrast between the two sectors of the market.
The message is clear: buyers have been placing a premium on space, gardens, and flexibility, with terraced homes proving particularly attractive to growing families and professionals working from home.
Current M7 Property Prices
For buyers looking around areas such as New Hall Avenue, Park Lane, and the wider M7 district, average prices currently look something like this:
- Detached Homes – The premium choice, offering the most space and privacy.
- Semi-Detached Homes – Average value of approximately £323,961.
- Terraced Homes – Average value of approximately £269,803.
- Flats and Apartments – Average value of approximately £128,461.
One of the most significant figures is the gap between flats and terraced homes, which now exceeds £140,000.
This price difference reflects changing buyer priorities. Many purchasers are prepared to pay considerably more for additional living space, a private garden, or an extra room that can be used as a home office.
The Impact of Interest Rates
A major influence on today's property market continues to be mortgage affordability.
With the Bank of England base rate currently sitting at 3.75%, borrowing remains more expensive than many buyers became accustomed to during the ultra-low-rate years.
Inflation has eased but remains close to 3%, meaning lenders continue to take a cautious approach when assessing affordability.
As a result, first-time buyers often face greater challenges when entering the market. Many potential purchasers who would traditionally buy a flat are taking longer to save deposits or waiting for improved affordability.
Meanwhile, established homeowners who already have equity behind them continue to compete strongly for terraced and semi-detached homes, helping support prices in those sectors.
What Does This Mean for Homeowners?
If You Own a Terraced or Semi-Detached Home
You are currently in one of the strongest positions within the local market.
The growth seen over recent years has created substantial equity for many homeowners. If you are considering moving to a larger property, downsizing, or releasing capital, now may be an excellent time to review your options.
If You Own a Flat
There is no reason to panic.
Although flats have underperformed houses in recent years, affordability remains a powerful factor in any property market. As wages continue to grow and affordability improves, flats are likely to attract renewed attention from first-time buyers and investors looking for value.
If You Are a First-Time Buyer
The current flat market may present an opportunity.
With apartment prices significantly lower than comparable houses, buyers may find excellent value and a more affordable route onto the property ladder compared to just a few years ago.
Looking Ahead
My expectation for the remainder of 2026 is that terraced and semi-detached homes will continue to perform well, although growth is likely to be more measured than we've seen in previous years.
At the same time, flats appear to be approaching a turning point. The affordability gap between houses and apartments has widened considerably, and many buyers are beginning to recognise the value available within the apartment sector.
Overall, the M7 market remains balanced. Buyers have choice, sellers can still achieve strong prices for well-presented homes, and neither side holds a significant advantage.
For anyone considering a move, whether buying, selling, or investing, this balance creates an environment where informed decisions can be made with confidence.
If you'd like to discuss the value of your property or explore opportunities within the M7 market, feel free to get in touch. I'm always happy to offer honest advice based on what's happening locally right now.
Avi Rosenfeld Manchester Property Consultant