Manchester’s real estate scene in May witnessed interesting transactions, notably homes that sold below their initial listing prices.

Among the 136 flats changing hands, a select few stood out for their significant price differences, offering buyers advantageous deals in the market. Here’s an exclusive look at the top 10 homes that fetched prices notably lower than their initial asking rates.

The properties in the list below concern flats, where the deeds were filed with the Land Registry during the month of May, even if the properties may have been sold earlier.

10. £32,000 (16%) below asking – Hart Road, Fallowfield

Featuring two bedrooms and one bathroom and a B energy efficiency rating, this flat at Hart Road in Fallowfield, has been purchased. Originally listed for £200,000, it sold at £168,000 after a 16% reduction in price after it had been on the market for 21 days. The transfer of ownership was completed on 13 March. The home has a living area of 624 sqft and the eventual price per sqft was £269.

9. £35,000 (9%) below asking – Larke Rise, Didsbury West

This flat at Larke Rise in Didsbury West has new owners. It was initially listed for £400,000 and settled at £365,000 after it had been on the market for one month and four days, undergoing a 9% price reduction to reach its eventual selling price. The living area totals 1,044 sqft and the price per sqft ended up at £350. The property consists of two bedrooms and two bathrooms, and the building has an energy efficiency rating of D. The sale was settled on 25 March.

8. £35,000 (11%) below asking – Anita Street, Ancoats & Beswick

Listed at £315,000, this detached house at Anita Street in Ancoats & Beswick settled at £280,000 after seven months and three days on the market, reflecting a 11% price reduction. Spanning 710 sqft, the property’s price per sqft was £394. With three bedrooms and one bathroom and a D energy efficiency rating, the transfer of ownership was completed on 23 March.

7. £35,000 (14%) below asking – Water Street, Hulme

A flat at Water Street in Hulme also has new owners. Initially listed for £245,000, it settled at £210,000, marking a 14% price reduction to reach its eventual selling price. Covering 721 sqft, the property’s price per sqft ended up at £291. The property comprises two bedrooms and two bathrooms, and the building holds a C energy efficiency rating. The sale was completed on 25 March.

6. £35,000 (16%) below asking – Chepstow Street, Deansgate

With one bedroom and one bathroom and a D energy efficiency rating, this flat in Chepstow Street in Deansgate, changed hands. Originally listed for £225,000, it sold at £190,000 after a 16% reduction in price after it had been on the market for 15 days. The transfer of ownership was completed on 30 March. The home has a living area of 721 sqft and the eventual price per sqft was £264.

5. £40,000 (11%) below asking – Vesta Street, Ancoats & Beswick

The sale of a flat at Vesta Street in Ancoats & Beswick was finalised on March 27. It was originally listed for £360,000 and was sold for £320,000 after it had been on the market for 15 days, displaying a 11% price reduction. The home has a living area of 764 sqft and the price per sqft settled at £419. The property has two bedrooms and two bathrooms and the energy efficiency of the building is rated B.

4. £40,000 (15%) below asking – New Union Street, Ancoats & Beswick

A flat at New Union Street in Ancoats & Beswick also has new owners. Initially listed for £270,000, it settled at £230,000, marking a 15% price reduction to reach its eventual selling price. It was on the market for nine months and 22 days. Covering 538 sqft, the property’s price per sqft ended up at £428. The property offers two bedrooms and two bathrooms and the energy efficiency of the building is rated C. The sale was finalised on 16 March.

3. £40,000 (16%) below asking – Cambridge Street, Deansgate

The sale of a flat at Cambridge Street in Deansgate was finalised on March 30. It was originally listed for £250,000 and was sold for £210,000 after it had been on the market for 29 days, displaying a 16% price reduction. The home has a living area of 752 sqft and the price per sqft settled at £279. The property comprises two bedrooms and two bathrooms, and the building holds a C energy efficiency rating.

2. £40,000 (16%) below asking – Liverpool Road, Deansgate

Featuring two bedrooms and one bathroom and a C energy efficiency rating, this flat at Liverpool Road in Deansgate, changed hands. Originally listed for £250,000, it sold at £210,000 after a 16% reduction in price after it had been on the market for 21 days. The transfer of ownership was completed on 26 March. The home has a living area of 452 sqft and the eventual price per sqft was £465.

1. £55,000 (15%) below asking – Chepstow Street, Deansgate

At the forefront of the list stands a property that sold for £320,000, representing the most substantial variance between the listing and final sale price in Manchester in May. The cost per square foot amounted to £338. It commenced its listing at £375,000, signaling a reduction in price by 15% to attain the eventual selling price. This flat, spanning 947 square feet, is located at Chepstow Street in Deansgate. The transfer of ownership was completed on 30 March, after it had been on the market for 14 days. The property offers two bedrooms and two bathrooms and the energy efficiency of the building is rated D.