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Milnrow House Prices Milnrow House Prices

The average house price in Milnrow is £211,916 using HM Land Registry data.

The average property price increased by £72,722 (50.07%) over the last 5 years and increased by £14,538 (7.15%) over the last 12 months.

Over the last year, there were 100 residential property sales – a decrease of 41 transactions (-41.00%) relative to the previous year. The majority of house sales (26) were in the £158,000 - £196,000 range. Then came properties in the £120,000 - £158,000 range, where 24 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 £-4,832 (-2%).

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

Neighbouring Areas: Rochdale

Postcodes Covered: OL16

5-Year Average Property Prices in Milnrow

50.07%

Property prices in Milnrow increased by 50.07% 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 Milnrow Over the Last Year

7.15%

Property prices in Milnrow increased by 7.15% 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 Milnrow - 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 Milnrow

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 Milnrow

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 Milnrow

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 Milnrow since 1995

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

Recent Property Sales in Milnrow

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
35 Buckley Chase, Milnrow, Rochdale, Greater Manchester, OL16 4BD£330,000£330,000£0025 Apr 202416 Aug 2024113 Days
32 Collier Avenue, Milnrow, Rochdale, Greater Manchester, OL16 3UY£230,000£230,000£0014 Mar 202416 Aug 2024155 Days
19 The Cray, Milnrow, Rochdale, Greater Manchester, OL16 4DW£159,950£155,000-£4,95026 Jul 202402 Aug 20247 Days
73 Knowl Road, Rochdale, Greater Manchester, OL16 4BB£230,000£216,750-£13,25022 Mar 202431 Jul 2024131 Days
2 Good Intent, Milnrow, Rochdale, Greater Manchester, OL16 3PD£140,000£138,500-£1,50008 May 202426 Jul 202479 Days
84 Kiln Lane, Milnrow, Rochdale, Greater Manchester, OL16 3JN£220,000£210,000-£10,00007 Mar 202424 Jul 2024139 Days
58 Croft Head Drive, Milnrow, Rochdale, Greater Manchester, OL16 3UZ£210,000£205,000-£5,00019 Apr 202428 Jun 202470 Days
128 Rochdale Road, Firgrove, Rochdale, Greater Manchester, OL16 3DA£140,000£138,000-£2,00011 Mar 202424 Jun 2024105 Days
6 Collier Avenue, Milnrow, Rochdale, Greater Manchester, OL16 3UY£240,000£234,000-£6,00007 Feb 202407 Jun 2024121 Days
46 Weir Road, Milnrow, Rochdale, Greater Manchester, OL16 3UX£329,950£329,950£0023 Feb 202407 Jun 2024105 Days
14 Roads Ford Avenue, Milnrow, Rochdale, Greater Manchester, OL16 3UQ£240,000£237,000-£3,00026 Feb 202403 Jun 202498 Days
32 Smith Hill, Milnrow, Rochdale, Greater Manchester, OL16 3ER£200,000£193,000-£7,00014 Jan 202431 May 2024138 Days
206 Rochdale Road, Rochdale, Greater Manchester, OL16 3BN£99,995£99,995£0015 Feb 202431 May 2024106 Days
45 Harbour Lane, Milnrow, Rochdale, Greater Manchester, OL16 4EL£220,000£200,000-£20,00030 Nov 202331 May 2024183 Days
2 Derwent Avenue, Milnrow, Rochdale, Greater Manchester, OL16 3UD£280,000£270,000-£10,00005 Dec 202324 May 2024171 Days
24 Egremont Road, Milnrow, Rochdale, Greater Manchester, OL16 4EP£200,000£195,000-£5,00022 Nov 202314 May 2024174 Days
14 Townley Road, Milnrow, Rochdale, Greater Manchester, OL16 3EN£200,000£200,000£0024 Apr 202303 May 2024375 Days
55 Princess Road, Rochdale, Greater Manchester, OL16 4AY£155,000£145,000-£10,00014 Sep 202303 May 2024232 Days
4 Slaidburn Close, Milnrow, Rochdale, Greater Manchester, OL16 4YE£375,000£375,000£0020 Dec 202326 Apr 2024128 Days
1 Pearson Close, Milnrow, Rochdale, Greater Manchester, OL16 3UL£310,000£310,000£0001 Feb 202426 Apr 202485 Days

Most Expensive Streets in Milnrow

PostcodeStreetAreaAverageNo. of Sales
OL16 4BUBuckley Hill LaneMilnrow£474,5559
OL16 4BFStanney CloseMilnrow£379,5004
OL16 4YESlaidburn CloseMilnrow£366,6663
OL16 3PJBotesworth GreenMilnrow£359,3333
OL16 4ARShepherds WayMilnrow£343,3905
OL16 4BDBuckley ChaseMilnrow£333,5006
OL16 4YALambourne GroveMilnrow£264,6254
OL16 3UZCroft Head DriveMilnrow£264,1586
OL16 3XBStock GroveMilnrow£263,7504
OL16 3UXWeir RoadMilnrow£263,7077

Least Expensive Streets in Milnrow

PostcodeStreetAreaAverageNo. of Sales
OL16 3DNSchofield CloseMilnrow£98,8333
OL16 4DRCrossley StreetMilnrow£104,3505
OL16 4DQWelbeck CloseMilnrow£105,0003
OL16 3BDRochdale RoadFirgrove£112,3995
OL16 3JZMajor StreetMilnrow£115,9167
OL16 3NSAlbert StreetMilnrow£115,9449
OL16 3JSHurstead RoadMilnrow£116,9005
OL16 3BNRochdale RoadRochdale£119,1109
OL16 4BTBuckley Hill LaneMilnrow£121,3313
OL16 3DWCornfield StreetMilnrow£123,4605

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