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House Prices in OL8 House Prices in OL8 (Oldham)

The average house price in OL8 (Oldham) is £165,291 using HM Land Registry data.

The average property price increased by £62,333 (29.67%) over the last 5 years and increased by £12,490 (4.37%) over the last 12 months.

Over the last year, there were 187 residential property sales – a decrease of 63 transactions (-33.69%) relative to the previous year. The majority of house sales (39) were in the £120,000 - £150,000 range. Then came properties in the £90,000 - £120,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,225 (-3%).

In Dec 24, there were 20 new estate agency instructions, 25 agreed home sales and 14 property price reductions.

Nearby Postcodes: , BB10, BB11, BB4, BL0, BL9, HX6, HX7, M24, M34, M35, M40, M43, OL1, OL10, OL11, OL12, OL13, OL14, OL15, OL16, OL2, OL3, OL4, OL5, OL6, OL7, OL9, OL95, SK15, SK16

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.

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 OL8 (Oldham) - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Ralstone Avenue, Oldham, Greater Manchester, OL8 1LY£145,000£145,000£0009 Jul 202415 Nov 2024129 Days
15 Hilary Avenue, Oldham, Greater Manchester, OL8 2TD£250,000£230,000-£20,00021 Sep 202312 Nov 2024418 Days
11 Randolph Street, Oldham, Greater Manchester, OL8 3SR£160,000£160,000£0001 Jun 202401 Nov 2024153 Days
237 Windsor Road, Oldham, Greater Manchester, OL8 1AE£199,950£165,000-£34,95022 Mar 202428 Oct 2024220 Days
34 Keb Lane, Oldham, Greater Manchester, OL8 2TE£175,000£170,000-£5,00014 Jun 202428 Oct 2024136 Days
882 Ashton Road, Oldham, Greater Manchester, OL8 3HT£130,000£130,000£0019 Jun 202414 Oct 2024117 Days
22 Swansea Street, Oldham, Greater Manchester, OL8 2JA£140,000£135,000-£5,00019 Jul 202411 Oct 202484 Days
5 York Avenue, Oldham, Greater Manchester, OL8 4BY£270,000£260,000-£10,00013 Feb 202407 Oct 2024237 Days
27 Green Lane, Oldham, Greater Manchester, OL8 3AY£199,995£191,000-£8,99516 Jan 202404 Oct 2024262 Days
9 Hillingdon Close, Oldham, Greater Manchester, OL8 3QJ£249,950£220,000-£29,95008 May 202427 Sep 2024142 Days
4 Wrexham Close, Oldham, Greater Manchester, OL8 4SQ£180,000£177,000-£3,00024 Jan 202419 Aug 2024208 Days
6 Pool Street, Oldham, Greater Manchester, OL8 1LJ£120,000£120,000£0024 Jul 202312 Aug 2024385 Days
18 Ninth Avenue, Oldham, Greater Manchester, OL8 3LS£160,000£158,000-£2,00031 Jan 202412 Jul 2024163 Days
43 Birch Avenue, Oldham, Greater Manchester, OL8 3TX£209,950£209,950£0013 Dec 202328 Jun 2024198 Days
4 North Gate, Oldham, Greater Manchester, OL8 3AE£210,000£205,000-£5,00002 Feb 202421 Jun 2024140 Days
5 Anselms Court, Oldham, Greater Manchester, OL8 4EG£234,950£230,000-£4,95001 Mar 202414 Jun 2024105 Days
30 Warren Lane, Oldham, Greater Manchester, OL8 2JE£220,000£195,000-£25,00016 Jan 202413 Jun 2024149 Days
5 Alders Court, Oldham, Greater Manchester, OL8 2UB£95,000£92,000-£3,00015 Sep 202303 Jun 2024262 Days
29 Elm Road, Oldham, Greater Manchester, OL8 3UQ£250,000£245,000-£5,00019 Oct 202331 May 2024225 Days
2 Plymouth Street, Oldham, Greater Manchester, OL8 1PP£134,950£112,000-£22,95016 May 202322 May 2024372 Days

Most Expensive Streets in OL8 (Oldham)

PostcodeStreetAreaAverageNo. of Sales
OL8 1RENewport StreetOldham£396,6663
OL8 3WEHowardian CloseOldham£342,0003
OL8 2XBMatthew CloseOldham£300,1663
OL8 2THSimkin WayOldham£289,3336
OL8 3AHMiddle GateOldham£280,0003
OL8 4DSCollege AvenueOldham£267,0003
OL8 3PSMontgomery StreetOldham£259,0003
OL8 3PUSevern RoadOldham£255,6254
OL8 3ALThe CroftOldham£252,6663
OL8 3LZTiber AvenueOldham£248,6124

Least Expensive Streets in OL8 (Oldham)

PostcodeStreetAreaAverageNo. of Sales
OL8 1BUCheviot Court, Pellowe RoadOldham£54,5004
OL8 3EYAlton StreetOldham£56,50012
OL8 3EXHathershaw LaneOldham£67,4005
OL8 1QSPort StreetOldham£68,0007
OL8 2BTKingsbridge RoadOldham£69,0005
OL8 2ANUrmson StreetOldham£70,9874
OL8 1LXMeldrum StreetOldham£72,1663
OL8 3EZEthel StreetOldham£73,5004
OL8 1RZChelmsford StreetOldham£73,7504
OL8 1RUWellington RoadOldham£75,3333

Explore OL8 (Oldham) using map

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