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House Prices in OL8

The average house price in OL8 (Oldham) is £175,050 using HM Land Registry data.

The average property price increased by £59,230 (29.67%) over the last 5 years and increased by £11,841 (4.37%) over the last 12 months.

Over the last year, there were 212 residential property sales – a decrease of 89 transactions (-41.98%) relative to the previous year. The majority of house sales (49) were in the £112,000 - £144,000 range. Then came properties in the £144,000 - £176,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,089 (-2%).

In June 2024, there were 27 new estate agency instructions, 25 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in OL8 (Oldham)

29.67%

Property prices in Oldham increased by 29.67% 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 OL8 (Oldham) Over the Last Year

4.37%

Property prices in Oldham increased by 4.37% 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 OL8 (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 OL8 (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 OL8 (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 OL8 (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 OL8 (Oldham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OL8 postcode area since 1995.

Recent Sales in OL8 (Oldham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2 Plymouth Street, Oldham, Greater Manchester, OL8 1PP	£134,950	£112,000	-£22,950	16 May 2023	22 May 2024	372 Days
155 Elm Road, Oldham, Greater Manchester, OL8 3JZ	£240,000	£232,000	-£8,000	22 Feb 2024	26 Apr 2024	64 Days
66 Wolverton Avenue, Oldham, Greater Manchester, OL8 4DZ	£135,000	£132,000	-£3,000	26 Oct 2023	26 Mar 2024	152 Days
89 Limeside Road, Oldham, Greater Manchester, OL8 3NA	£240,000	£235,000	-£5,000	09 Oct 2023	26 Mar 2024	169 Days
56 Lyndhurst Road, Oldham, Greater Manchester, OL8 4JG	£175,000	£170,000	-£5,000	28 Sep 2023	08 Mar 2024	162 Days
375 Hollins Road, Oldham, Greater Manchester, OL8 3BD	£129,950	£125,500	-£4,450	21 Jul 2023	29 Feb 2024	223 Days
64 Montgomery Street, Oldham, Greater Manchester, OL8 3QA	£230,000	£230,000	£00	22 Sep 2023	28 Feb 2024	159 Days
2 Polden Close, Oldham, Greater Manchester, OL8 3WN	£230,000	£222,000	-£8,000	29 Sep 2023	09 Feb 2024	133 Days
76 Alt Lane, Oldham, Greater Manchester, OL8 2EN	£225,000	£200,000	-£25,000	13 May 2023	02 Feb 2024	265 Days
190 Heron Street, Oldham, Greater Manchester, OL8 4NB	£140,000	£140,000	£00	15 Jul 2023	19 Jan 2024	188 Days
6 Link Lane, Oldham, Greater Manchester, OL8 3AD	£200,000	£183,000	-£17,000	15 Sep 2023	19 Dec 2023	95 Days
206 Copster Hill Road, Oldham, Greater Manchester, OL8 3DD	£149,950	£145,000	-£4,950	04 Aug 2023	18 Dec 2023	136 Days
11 Tanners Fold, Oldham, Greater Manchester, OL8 2NN	£129,950	£129,950	£00	18 Sep 2023	14 Dec 2023	87 Days
82 Honeywell Lane, Oldham, Greater Manchester, OL8 2AA	£100,000	£82,000	-£18,000	10 May 2023	14 Dec 2023	218 Days
9 Lawn Closes, Oldham, Greater Manchester, OL8 2HB	£130,000	£123,500	-£6,500	24 Apr 2023	06 Dec 2023	226 Days
46 Copster Hill Road, Oldham, Greater Manchester, OL8 1QD	£125,000	£124,500	-£500	16 May 2023	29 Nov 2023	197 Days
8 Argus Street, Oldham, Greater Manchester, OL8 3RJ	£105,000	£102,500	-£2,500	08 Jun 2023	24 Nov 2023	169 Days
3 Lichens Crescent, Oldham, Greater Manchester, OL8 2NS	£219,950	£211,000	-£8,950	23 Jun 2023	17 Nov 2023	147 Days
294 Abbey Hills Road, Oldham, Greater Manchester, OL8 2DH	£200,000	£200,000	£00	24 Jul 2023	10 Nov 2023	109 Days
62 Incline Road, Oldham, Greater Manchester, OL8 4QW	£150,000	£147,000	-£3,000	26 Apr 2023	10 Nov 2023	198 Days

Most Expensive Streets in OL8 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL8 3WE	Howardian Close	Oldham	£342,000	3
OL8 2XB	Matthew Close	Oldham	£300,166	3
OL8 4DS	College Avenue	Oldham	£267,000	3
OL8 3PU	Severn Road	Oldham	£255,625	4
OL8 3AL	The Croft	Oldham	£252,666	3
OL8 3LZ	Tiber Avenue	Oldham	£248,612	4
OL8 3NB	Fox Park Road	Oldham	£246,666	3
OL8 3WH	Blackdown Grove	Oldham	£238,166	3
OL8 2TL	Weatherly Close	Oldham	£237,250	4
OL8 4DH	Frederick Street	Oldham	£235,408	6

Least Expensive Streets in OL8 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL8 2DA	Mansfield Road	Oldham	£48,333	3
OL8 3EY	Alton Street	Oldham	£53,909	11
OL8 1BU	Cheviot Court, Pellowe Road	Oldham	£54,500	4
OL8 1QS	Port Street	Oldham	£61,571	7
OL8 1LX	Meldrum Street	Oldham	£62,400	5
OL8 2BT	Kingsbridge Road	Oldham	£66,250	4
OL8 2JU	Belgrave Road	Oldham	£67,214	7
OL8 3EX	Hathershaw Lane	Oldham	£67,400	5
OL8 1RZ	Chelmsford Street	Oldham	£69,600	5
OL8 2AN	Urmson Street	Oldham	£70,362	4