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House Prices in OL2

The average house price in OL2 (Oldham) is £194,386 using HM Land Registry data.

The average property price increased by £70,201 (33.89%) over the last 5 years and increased by £14,034 (4.85%) over the last 12 months.

Over the last year, there were 376 residential property sales – a decrease of 201 transactions (-53.46%) relative to the previous year. The majority of house sales (81) were in the £120,000 - £156,000 range. Then came properties in the £156,000 - £192,000 range, where 73 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,155 (-3%).

In June 2024, there were 76 new estate agency instructions, 65 agreed home sales and 47 property price reductions.

5-Year Average Property Prices in OL2 (Oldham)

33.89%

Property prices in Oldham increased by 33.89% 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 OL2 (Oldham) Over the Last Year

4.85%

Property prices in Oldham increased by 4.85% 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 OL2 (Oldham) - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 OL2 (Oldham)

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 OL2 (Oldham)

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 OL2 (Oldham)

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 OL2 (Oldham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OL2 postcode area since 1995.

Recent Sales in OL2 (Oldham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
31 Camberwell Way, Royton, Oldham, Greater Manchester, OL2 5TL	£227,500	£222,500	-£5,000	24 Nov 2023	10 May 2024	168 Days
2 Fir Lane, Royton, Oldham, Greater Manchester, OL2 6TY	£200,000	£200,000	£00	26 Dec 2023	10 May 2024	136 Days
4 Sandringham Way, Royton, Oldham, Greater Manchester, OL2 5YH	£249,950	£249,950	£00	13 Nov 2023	02 May 2024	171 Days
Fern Leigh, Rochdale Road, Shaw, Oldham, Greater Manchester, OL2 7JA	£550,000	£530,000	-£20,000	25 May 2023	02 May 2024	343 Days
576 Higginshaw Lane, Royton, Oldham, Greater Manchester, OL2 6JA	£130,000	£130,000	£00	20 Jun 2023	26 Apr 2024	311 Days
10 Mardale Avenue, Royton, Oldham, Greater Manchester, OL2 6UT	£219,950	£210,000	-£9,950	08 Jan 2024	23 Apr 2024	106 Days
8 Eden Way, Shaw, Oldham, Greater Manchester, OL2 7YF	£180,000	£180,000	£00	02 Oct 2023	12 Apr 2024	193 Days
8 Clough, Shaw, Oldham, Greater Manchester, OL2 8PR	£215,000	£200,000	-£15,000	06 Dec 2023	12 Apr 2024	128 Days
8 Wessex Park Close, Shaw, Oldham, Greater Manchester, OL2 7YT	£180,000	£177,500	-£2,500	12 Feb 2024	12 Apr 2024	60 Days
11 Gillemere Grove, Shaw, Oldham, Greater Manchester, OL2 8UX	£160,000	£160,000	£00	20 Oct 2023	11 Apr 2024	174 Days
411 Rochdale Road, Royton, Oldham, Greater Manchester, OL2 5SL	£180,000	£174,000	-£6,000	31 Oct 2023	05 Apr 2024	157 Days
62 Bleasdale Street, Royton, Oldham, Greater Manchester, OL2 6RL	£289,950	£280,000	-£9,950	16 Oct 2023	02 Apr 2024	169 Days
21 Hilltop Drive, Royton, Oldham, Greater Manchester, OL2 6AG	£125,000	£122,000	-£3,000	23 Oct 2023	02 Apr 2024	162 Days
10 Westminster Close, Shaw, Oldham, Greater Manchester, OL2 7XZ	£235,000	£230,000	-£5,000	17 Jan 2024	28 Mar 2024	71 Days
1 Linkside Avenue, Royton, Oldham, Greater Manchester, OL2 6YS	£525,000	£490,000	-£35,000	10 Nov 2023	28 Mar 2024	139 Days
18 Meadow Rise, Shaw, Oldham, Greater Manchester, OL2 7QG	£399,950	£380,000	-£19,950	02 Nov 2023	27 Mar 2024	146 Days
354 Milnrow Road, Shaw, Oldham, Greater Manchester, OL2 8BJ	£150,000	£150,000	£00	10 Nov 2023	27 Mar 2024	138 Days
56 Middleton Road, Royton, Oldham, Greater Manchester, OL2 5JQ	£147,500	£144,000	-£3,500	02 Jan 2024	22 Mar 2024	80 Days
15 Greenhill Avenue, Shaw, Oldham, Greater Manchester, OL2 7NZ	£259,950	£255,000	-£4,950	21 Aug 2023	04 Mar 2024	196 Days
92 Buckstones Road, Shaw, Oldham, Greater Manchester, OL2 8DN	£274,000	£260,000	-£14,000	27 Apr 2023	01 Mar 2024	309 Days

Most Expensive Streets in OL2 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL2 5UX	Tandle Hill Road, Royton	Oldham	£568,350	10
OL2 8QA	Millbrook Close, Shaw	Oldham	£519,333	3
OL2 8NE	Harden Hills, Shaw	Oldham	£486,225	4
OL2 5NN	Gillotts Hollow, Streetbridge, Royton	Oldham	£450,833	3
OL2 5UY	Woodland Park, Royton	Oldham	£440,000	3
OL2 8PR	Clough, Shaw	Oldham	£416,666	3
OL2 5UU	Tandle Hill Road, Royton	Oldham	£394,000	3
OL2 7PW	Westdown Gardens, Shaw	Oldham	£389,983	3
OL2 5TQ	Wensleydale Close, Royton	Oldham	£384,333	3
OL2 7JA	Rochdale Road, Shaw	Oldham	£383,312	8

Least Expensive Streets in OL2 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL2 5RH	Richmond Avenue, Royton	Oldham	£69,500	3
OL2 6NF	Littlewood, Royton	Oldham	£100,000	3
OL2 5UF	Albert Street, Royton	Oldham	£100,995	10
OL2 8EN	Crossley Street, Shaw	Oldham	£102,862	4
OL2 8SZ	Oldham Road, Shaw	Oldham	£107,332	6
OL2 7NN	Rochdale Road, Shaw	Oldham	£109,000	4
OL2 7RX	Tudor Street, Shaw	Oldham	£109,125	8
OL2 8SJ	Hesketh Avenue, Shaw	Oldham	£109,166	3
OL2 7TN	Milnrow Road, Shaw	Oldham	£109,428	7
OL2 8AL	Milnrow Road, Shaw	Oldham	£109,600	5