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Lees House Prices Lees House Prices

The average house price in Lees is £220,033 using HM Land Registry data.

The average property price increased by £59,115 (32.03%) over the last 5 years and increased by £11,818 (5.1%) over the last 12 months.

Over the last year, there were 147 residential property sales – a decrease of 82 transactions (-55.78%) relative to the previous year. The majority of house sales (40) were in the £130,000 - £174,000 range. Then came properties in the £174,000 - £218,000 range, where 33 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,034 (-3%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Neighbouring Areas: Oldham

Postcodes Covered: OL4

5-Year Average Property Prices in Lees

32.03%

Property prices in Lees increased by 32.03% 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 Lees Over the Last Year

5.1%

Property prices in Lees increased by 5.1% 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 Lees - Oct 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 Lees

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 Lees

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 Lees

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 Lees since 1995

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

Recent Property Sales in Lees

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Dovecote Lane, Lees, Oldham, Greater Manchester, OL4 4SW£160,000£154,870-£5,13014 Mar 202422 Aug 2024161 Days
19 Woodend Street, Springhead, Oldham, Greater Manchester, OL4 5TL£110,000£109,000-£1,00029 Feb 202416 Aug 2024169 Days
163 Stamford Road, Lees, Oldham, Greater Manchester, OL4 3NB£160,000£156,000-£4,00012 Mar 202412 Aug 2024153 Days
1 Den Hill Drive, Springhead, Oldham, Greater Manchester, OL4 4NR£225,000£220,000-£5,00005 Apr 202409 Aug 2024126 Days
971 Huddersfield Road, Scouthead, Oldham, Greater Manchester, OL4 4AT£240,000£235,000-£5,00006 Feb 202402 Aug 2024178 Days
5 Station Road, Grotton, Oldham, Greater Manchester, OL4 5SF£300,000£296,000-£4,00024 Nov 202302 Aug 2024252 Days
12 Link Road, Springhead, Oldham, Greater Manchester, OL4 4SF£185,000£185,000£0001 Jul 202202 Aug 2024763 Days
7 Woodside Close, Lees, Oldham, Greater Manchester, OL4 3AA£175,000£175,000£0001 Feb 202431 Jul 2024181 Days
14 Lower Turf Lane, Scouthead, Oldham, Greater Manchester, OL4 4BG£240,000£228,000-£12,00022 Jan 202430 Jul 2024190 Days
6 Smith Street, Lees, Oldham, Greater Manchester, OL4 3NQ£150,000£150,000£0007 Mar 202426 Jul 2024141 Days
24 Thomas Street, Lees, Oldham, Greater Manchester, OL4 5BU£195,000£195,000£0007 Mar 202419 Jul 2024134 Days
24 Belmont Avenue, Springhead, Oldham, Greater Manchester, OL4 4RL£330,000£312,500-£17,50012 Feb 202418 Jul 2024157 Days
34b, Brookway, Lees, Oldham, Greater Manchester, OL4 5BE£245,000£238,000-£7,00011 Mar 202411 Jul 2024122 Days
3 Tumbling Bank Terrace, Lees, Oldham, Greater Manchester, OL4 5DW£105,000£100,000-£5,00015 Apr 202404 Jul 202480 Days
50 Brookside Avenue, Grotton, Oldham, Greater Manchester, OL4 4LJ£250,000£245,000-£5,00026 Dec 202328 Jun 2024185 Days
1003 Huddersfield Road, Scouthead, Oldham, Greater Manchester, OL4 4AT£750,000£625,000-£125,00005 Sep 202227 Jun 2024661 Days
48 Dovecote Lane, Lees, Oldham, Greater Manchester, OL4 4SW£192,500£192,500£0005 Feb 202421 Jun 2024137 Days
7 Church Street, Lees, Oldham, Greater Manchester, OL4 5DB£165,000£158,000-£7,00019 Feb 202431 May 2024102 Days
1 Vicarage Close, Springhead, Oldham, Greater Manchester, OL4 4SA£245,000£232,000-£13,00030 Oct 202324 May 2024207 Days
14 Ashes Lane, Springhead, Oldham, Greater Manchester, OL4 4PF£247,950£246,000-£1,95029 Feb 202422 May 202483 Days

Most Expensive Streets in Lees

PostcodeStreetAreaAverageNo. of Sales
OL4 5RPThornley LaneGrotton£716,2504
OL4 5TTKilnbrook CloseOldham£471,2484
OL4 5RECoverhill RoadGrotton£453,3333
OL4 5QTThornley Park RoadGrotton£424,9996
OL4 5RZOld Kiln LaneGrotton£423,1878
OL4 4LPThe WoodsGrotton£394,3374
OL4 5SBShade AvenueSpringhead£380,0004
OL4 5RALangley AvenueGrotton£375,5995
OL4 4BGLower Turf LaneScouthead£355,3333
OL4 4LRThe MeadowsGrotton£333,2857

Least Expensive Streets in Lees

PostcodeStreetAreaAverageNo. of Sales
OL4 3DJSt John StreetLees£93,5006
OL4 3JHTurner StreetLees£96,5048
OL4 5DJHigh StreetLees£102,1663
OL4 3NXHuddersfield RoadLees£105,7147
OL4 5AXDawson StreetLees£107,1663
OL4 5ANCatherine StreetLees£108,8336
OL4 4NEUnion StreetLees£111,2374
OL4 5TAOldham RoadSpringhead£114,1663
OL4 5AEWarrington StreetLees£115,7374
OL4 5TGJohn Booth StreetSpringhead£121,3333

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