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House Prices in OL16

The average house price in OL16 (Rochdale) is £194,222 using HM Land Registry data.

The average property price increased by £61,793 (40.41%) over the last 5 years and increased by £12,353 (5.56%) over the last 12 months.

Over the last year, there were 286 residential property sales – a decrease of 133 transactions (-46.50%) relative to the previous year. The majority of house sales (83) were in the £148,000 - £196,000 range. Then came properties in the £100,000 - £148,000 range, where 72 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,832 (-2%).

In June 2024, there were 47 new estate agency instructions, 34 agreed home sales and 27 property price reductions.

5-Year Average Property Prices in OL16 (Rochdale)

40.41%

Property prices in Rochdale increased by 40.41% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in OL16 (Rochdale) Over the Last Year

5.56%

Property prices in Rochdale increased by 5.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for OL16 (Rochdale) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in OL16 (Rochdale)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in OL16 (Rochdale)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in OL16 (Rochdale)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the OL16 (Rochdale) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OL16 postcode area since 1995.

Recent Sales in OL16 (Rochdale)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
24 Egremont Road, Milnrow, Rochdale, Greater Manchester, OL16 4EP	£200,000	£195,000	-£5,000	22 Nov 2023	14 May 2024	174 Days
10 Culvert Street, Rochdale, Greater Manchester, OL16 4RG	£109,950	£106,000	-£3,950	28 Nov 2023	13 May 2024	167 Days
14 Townley Road, Milnrow, Rochdale, Greater Manchester, OL16 3EN	£200,000	£200,000	£00	24 Apr 2023	03 May 2024	375 Days
4 Slaidburn Close, Milnrow, Rochdale, Greater Manchester, OL16 4YE	£375,000	£375,000	£00	20 Dec 2023	26 Apr 2024	128 Days
7 St Marys Close, Rochdale, Greater Manchester, OL16 4XT	£185,000	£175,000	-£10,000	25 Oct 2023	26 Apr 2024	184 Days
1 Pearson Close, Milnrow, Rochdale, Greater Manchester, OL16 3UL	£310,000	£310,000	£00	01 Feb 2024	26 Apr 2024	85 Days
41 Craiglands, Rochdale, Greater Manchester, OL16 4RD	£259,950	£259,950	£00	01 Dec 2023	15 Mar 2024	105 Days
9 Prince Street, Rochdale, Greater Manchester, OL16 5LL	£90,000	£90,000	£00	10 Jan 2024	05 Mar 2024	55 Days
40 Woodlands Road, Milnrow, Rochdale, Greater Manchester, OL16 4EY	£250,000	£245,000	-£5,000	13 Sep 2023	28 Feb 2024	168 Days
4 Lambourne Grove, Milnrow, Rochdale, Greater Manchester, OL16 4YA	£300,000	£300,000	£00	30 Sep 2023	28 Feb 2024	151 Days
11 Haugh Lane, Newhey, Rochdale, Greater Manchester, OL16 3RB	£425,000	£400,000	-£25,000	06 Jul 2023	02 Feb 2024	211 Days
4 New Street, Milnrow, Rochdale, Greater Manchester, OL16 3PQ	£140,000	£135,000	-£5,000	17 Oct 2023	31 Jan 2024	106 Days
3 Weir Road, Milnrow, Rochdale, Greater Manchester, OL16 3UX	£240,000	£225,000	-£15,000	11 May 2023	31 Jan 2024	265 Days
Kiln Bank, Kiln Lane, Milnrow, Rochdale, Greater Manchester, OL16 3JF	£250,000	£230,000	-£20,000	22 Feb 2023	31 Jan 2024	343 Days
20 Calliards Road, Rochdale, Greater Manchester, OL16 2SR	£225,000	£225,000	£00	04 Oct 2023	26 Jan 2024	114 Days
3 Laneside Walk, Milnrow, Rochdale, Greater Manchester, OL16 3UW	£245,000	£235,000	-£10,000	01 Aug 2023	26 Jan 2024	178 Days
84 Beswicke Royds Street, Rochdale, Greater Manchester, OL16 2XD	£140,000	£135,000	-£5,000	26 Sep 2023	17 Jan 2024	113 Days
47 Newhey Road, Milnrow, Rochdale, Greater Manchester, OL16 3NP	£215,000	£207,500	-£7,500	11 Jul 2023	12 Jan 2024	185 Days
219 Huddersfield Road, Newhey, Rochdale, Greater Manchester, OL16 3TA	£185,000	£175,000	-£10,000	22 Sep 2023	08 Jan 2024	108 Days
5 Collier Avenue, Milnrow, Rochdale, Greater Manchester, OL16 3UY	£220,000	£210,000	-£10,000	21 Sep 2023	05 Jan 2024	106 Days

Most Expensive Streets in OL16 (Rochdale)

Postcode	Street	Area	Average	No. of Sales
OL16 3DG	Birchinley Lane, Milnrow	Rochdale	£559,166	6
OL16 3TQ	Springmill, Ogden Lane	Rochdale	£492,500	4
OL16 4BU	Buckley Hill Lane, Milnrow	Rochdale	£466,785	7
OL16 4ND	Whitebeam Close, Newhey	Rochdale	£419,100	5
OL16 4NA	Whitfield Crescent, Newhey	Rochdale	£415,333	3
OL16 4SB	Ferndale Avenue	Rochdale	£398,766	3
OL16 4QP	Hurst Meadow	Rochdale	£394,100	5
OL16 4PJ	Wrenbury Drive	Rochdale	£381,400	10
OL16 4BF	Stanney Close, Milnrow	Rochdale	£379,500	4
OL16 4SD	Marsden Close	Rochdale	£376,833	3

Least Expensive Streets in OL16 (Rochdale)

Postcode	Street	Area	Average	No. of Sales
OL16 2JU	Kellett Street	Rochdale	£65,674	6
OL16 4TG	Lower Street	Rochdale	£69,333	3
OL16 5LQ	Crown Street	Rochdale	£72,000	4
OL16 5DS	Stamford Street	Rochdale	£72,666	3
OL16 2LA	Oswald Street	Rochdale	£76,200	5
OL16 2SZ	Dover Street	Rochdale	£76,248	4
OL16 2LH	Entwisle Road	Rochdale	£76,666	3
OL16 2XN	Belfield Road	Rochdale	£77,750	4
OL16 5LH	Crown Street	Rochdale	£79,250	4
OL16 3RA	Chatwell Court, Newhey	Rochdale	£81,000	3