The M1 market shows clear price segmentation that sellers should understand when pricing their properties. The majority of listings, 252 properties, fall within the £200,000-£300,000 bracket, representing the core city centre flat market. A further 179 properties are priced between £100,000-£200,000, predominantly one-bedroom apartments ideal for first-time buyers, while 152 listings occupy the £300,000-£500,000 range, typically larger flats or premium developments.
At the upper end of the market, there are 18 properties priced between £500,000-£750,000 and just 8 properties exceeding £750,000, including 7 properties over £1 million. This premium segment includes penthouses and luxury developments such as Viadux on Albion Street, where Savills handles new homes with properties reaching £2,550,000. The limited supply in these higher price brackets suggests opportunities for sellers of premium city centre properties, though the market remains heavily weighted toward one and two-bedroom flats.
Historical data shows sale values in M1 have fluctuated across different sub-postcodes, with some areas experiencing changes of -9.2% (M1 1) to +3.2% (M1 2) over the past year. home.co.uk listings data indicates sold prices in M1 over the last year were 19% down on the previous year and 10% down on the 2023 peak of £281,969. Properties priced correctly according to current M1 market data typically achieve stronger buyer interest within the first few weeks of marketing, and well-priced properties in the popular £200,000-£300,000 bracket often attract multiple viewings quickly.