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House Prices in OL3 House Prices in OL3 (Oldham)

The average house price in OL3 (Oldham) is £424,250 using HM Land Registry data.

The average property price increased by £101,828 (13.13%) over the last 5 years and increased by £20,356 (2.17%) over the last 12 months.

Over the last year, there were 153 residential property sales – a decrease of 111 transactions (-72.55%) relative to the previous year. The majority of house sales (44) were in the £160,000 - £236,000 range. Then came properties in the £236,000 - £312,000 range, where 30 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 £-6,995 (-2%).

In June 2024, there were 41 new estate agency instructions, 30 agreed home sales and 18 property price reductions.

Nearby Postcodes: BB10, BB11, BB4, BL0, BL9, HD3, HD4, HD7, HD8, HD9, HX2, HX3, HX4, HX6, HX7, M24, OL1, OL10, OL11, OL12, OL13, OL14, OL15, OL16, OL2, OL4, OL5, OL6, OL8, OL9, S33, S36, SK13, SK14, SK15, SK16, SK22, SK6

5-Year Average Property Prices in OL3 (Oldham)

13.13%

Property prices in Oldham increased by 13.13% 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 OL3 (Oldham) Over the Last Year

2.17%

Property prices in Oldham increased by 2.17% 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.

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).

Property Market Heat Gauge for OL3 (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 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 OL3 (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 OL3 (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 OL3 (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 OL3 (Oldham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OL3 postcode area since 1995.

Recent Sales in OL3 (Oldham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
44 Grove Road, Uppermill, Oldham, Greater Manchester, OL3 6JL£350,000£345,000-£5,00016 Nov 202308 Apr 2024144 Days
Higher House, Thurston Clough Road, Dobcross, Oldham, Greater Manchester, OL3 5RE£595,000£570,000-£25,00029 Jan 202405 Apr 202467 Days
2 Kinders Mews, Greenfield, Oldham, Greater Manchester, OL3 7JF£199,999£199,999£0020 Oct 202327 Mar 2024159 Days
40 Springmeadow Lane, Uppermill, Oldham, Greater Manchester, OL3 6HL£475,000£455,000-£20,00012 Dec 202325 Mar 2024104 Days
5 Tamewater Villas, Dobcross, Oldham, Greater Manchester, OL3 5BB£270,000£260,000-£10,00020 Sep 202325 Mar 2024187 Days
4 High Street, Uppermill, Oldham, Greater Manchester, OL3 6HX£280,000£280,000£0025 Aug 202315 Mar 2024203 Days
8 Walkmill, Dobcross, Oldham, Greater Manchester, OL3 5BU£319,995£300,000-£19,99503 Oct 202308 Mar 2024157 Days
87 Chew Valley Road, Greenfield, Oldham, Greater Manchester, OL3 7JJ£220,000£218,000-£2,00027 Oct 202308 Mar 2024133 Days
18 Greenbank Avenue, Uppermill, Oldham, Greater Manchester, OL3 6EB£299,950£285,000-£14,95016 Oct 202308 Mar 2024144 Days
44b, Manchester Road, Greenfield, Oldham, Greater Manchester, OL3 7HQ£184,950£175,000-£9,95026 Apr 202326 Jan 2024275 Days
13 Nudger Green, Dobcross, Oldham, Greater Manchester, OL3 5AW£599,995£580,000-£19,99516 Oct 202326 Jan 2024102 Days
10 Hillside Avenue, Diggle, Oldham, Greater Manchester, OL3 5NY£250,000£235,000-£15,00022 Sep 202326 Jan 2024126 Days
51 Annisfield Avenue, Greenfield, Oldham, Greater Manchester, OL3 7DJ£275,000£270,000-£5,00007 Jul 202326 Jan 2024203 Days
34 Nudger Green, Dobcross, Oldham, Greater Manchester, OL3 5AW£549,950£540,000-£9,95016 Sep 202326 Jan 2024132 Days
66 Carr Lane, Greenfield, Oldham, Greater Manchester, OL3 7AX£280,000£275,000-£5,00012 Sep 202319 Jan 2024129 Days
359 Huddersfield Road, Diggle, Oldham, Greater Manchester, OL3 5PJ£479,950£479,950£0004 Mar 202310 Jan 2024312 Days
Carr House, Standedge Road, Diggle, Oldham, Greater Manchester, OL3 5NB£1,000,000£950,000-£50,00015 Jun 202303 Jan 2024202 Days
Apartment 48, The Wharf, Wool Road, Dobcross, Oldham, Greater Manchester, OL3 5QR£172,500£168,000-£4,50028 Sep 202319 Dec 202382 Days
13 Platt Lane, Dobcross, Oldham, Greater Manchester, OL3 5AD£320,000£300,000-£20,00026 Sep 202218 Dec 2023448 Days
10 Lee Street, Uppermill, Oldham, Greater Manchester, OL3 6AE£350,000£333,500-£16,50019 Oct 202308 Dec 202350 Days

Most Expensive Streets in OL3 (Oldham)

PostcodeStreetAreaAverageNo. of Sales
OL3 7FZThornley Rise, GreenfieldOldham£660,0005
OL3 5NBStandedge Road, DiggleOldham£640,5003
OL3 6BXRyefields Drive, UppermillOldham£638,3333
OL3 7LALow Grove Lane, GreenfieldOldham£600,0005
OL3 6JERush Hill Road, UppermillOldham£590,0003
OL3 5RTBuckley Drive, DenshawOldham£578,8754
OL3 5NTHuddersfield Road, DiggleOldham£555,4287
OL3 6DWBagnall Close, UppermillOldham£546,3313
OL3 5JWHolly Grove, DiggleOldham£537,5004
OL3 5UERochdale Road, DenshawOldham£532,6663

Least Expensive Streets in OL3 (Oldham)

PostcodeStreetAreaAverageNo. of Sales
OL3 7JZShaw Hall Bank Road, GreenfieldOldham£89,6254
OL3 5AEChancery Lane, DobcrossOldham£144,7905
OL3 6BEOutram Mews, UppermillOldham£155,7438
OL3 5RGKnarr Cottages, DobcrossOldham£161,0003
OL3 5EWBrookside Terrace, DelphOldham£164,3093
OL3 5QRThe Wharf, Wool RoadOldham£166,21816
OL3 7FRSpring Grove, GreenfieldOldham£169,6254
OL3 6ALVillage Green, UppermillOldham£173,46913
OL3 6HUGlengarth, UppermillOldham£174,7504
OL3 5TDSlackcote Hall, Slackcote LaneOldham£174,8754

Explore OL3 (Oldham) using map

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