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House Prices in OL1

The average house price in OL1 (Oldham) is £135,571 using HM Land Registry data.

The average property price increased by £74,906 (14.27%) over the last 5 years and increased by £14,974 (2.34%) over the last 12 months.

Over the last year, there were 140 residential property sales – a decrease of 56 transactions (-40.00%) relative to the previous year. The majority of house sales (48) were in the £118,000 - £156,000 range. Then came properties in the £80,000 - £118,000 range, where 28 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,783 (-2%).

In June 2024, there were 24 new estate agency instructions, 23 agreed home sales and 11 property price reductions.

5-Year Average Property Prices in OL1 (Oldham)

14.27%

Property prices in Oldham increased by 14.27% 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 OL1 (Oldham) Over the Last Year

2.34%

Property prices in Oldham increased by 2.34% 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 OL1 (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 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 OL1 (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 OL1 (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 OL1 (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 OL1 (Oldham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the OL1 postcode area since 1995.

Recent Sales in OL1 (Oldham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
14 Waters Edge Fold, Oldham, Greater Manchester, OL1 4QJ	£330,000	£330,000	£00	12 Oct 2023	17 May 2024	218 Days
23 Bottomfield Close, Oldham, Greater Manchester, OL1 4AT	£169,999	£169,500	-£499	13 Oct 2023	29 Apr 2024	199 Days
169 Ripponden Road, Oldham, Greater Manchester, OL1 4HP	£130,000	£127,000	-£3,000	02 Nov 2023	12 Apr 2024	162 Days
97 Stoneleigh Street, Oldham, Greater Manchester, OL1 4LF	£250,000	£225,000	-£25,000	21 Jan 2023	11 Apr 2024	446 Days
123 Birch Avenue, Chadderton, Oldham, Greater Manchester, OL1 2QU	£315,000	£305,000	-£10,000	23 Aug 2023	26 Mar 2024	216 Days
389 Ripponden Road, Oldham, Greater Manchester, OL1 4JN	£124,950	£122,000	-£2,950	13 Oct 2023	25 Mar 2024	164 Days
72 Crompton Street, Oldham, Greater Manchester, OL1 2BU	£140,000	£138,000	-£2,000	21 Sep 2023	22 Mar 2024	183 Days
26 Grafton Street, Oldham, Greater Manchester, OL1 4SD	£130,000	£117,000	-£13,000	28 Sep 2023	08 Mar 2024	162 Days
11 Glebe Lane, Oldham, Greater Manchester, OL1 4SJ	£250,000	£245,000	-£5,000	31 Jul 2023	08 Mar 2024	221 Days
17 Bottomfield Close, Oldham, Greater Manchester, OL1 4AT	£150,000	£148,000	-£2,000	26 Oct 2023	23 Feb 2024	120 Days
12 Rivington Street, Oldham, Greater Manchester, OL1 3EW	£130,000	£112,000	-£18,000	04 Jan 2023	14 Feb 2024	406 Days
74 Crompton Street, Oldham, Greater Manchester, OL1 2BU	£140,000	£130,000	-£10,000	06 Jul 2023	26 Jan 2024	204 Days
8 Averon Rise, Oldham, Greater Manchester, OL1 4NX	£200,000	£195,000	-£5,000	16 Sep 2023	19 Jan 2024	125 Days
1 Waverley Street, Oldham, Greater Manchester, OL1 4HB	£160,000	£155,000	-£5,000	14 Jul 2023	15 Jan 2024	185 Days
28 Sheepfoot Lane, Oldham, Greater Manchester, OL1 2PD	£220,000	£220,000	£00	22 May 2023	05 Jan 2024	228 Days
351 Ripponden Road, Oldham, Greater Manchester, OL1 4JJ	£120,000	£115,000	-£5,000	05 Sep 2023	15 Dec 2023	101 Days
4 Keston Road, Oldham, Greater Manchester, OL1 4HL	£135,000	£135,000	£00	30 Aug 2023	06 Dec 2023	98 Days
23 Striding Edge Walk, Oldham, Greater Manchester, OL1 3JT	£100,000	£97,000	-£3,000	01 Aug 2023	30 Nov 2023	121 Days
699 Ripponden Road, Oldham, Greater Manchester, OL1 4SG	£109,000	£105,000	-£4,000	11 Jul 2023	07 Nov 2023	119 Days
657 Ripponden Road, Oldham, Greater Manchester, OL1 4JU	£129,950	£120,000	-£9,950	27 Jun 2023	03 Nov 2023	129 Days

Most Expensive Streets in OL1 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL1 4SQ	Ripponden Road	Oldham	£461,388	3
OL1 2SP	Healds Green, Chadderton	Oldham	£449,779	6
OL1 2TB	Racefield Hamlet, Chadderton	Oldham	£428,333	6
OL1 2RF	Kiln Hill Close, Chadderton	Oldham	£411,833	3
OL1 2RR	Chadderton Fold, Chadderton	Oldham	£409,850	7
OL1 2TL	Haigh Lane, Chadderton	Oldham	£345,000	3
OL1 2TW	Irk Vale Drive, Chadderton	Oldham	£342,075	6
OL1 2QZ	Leaside Avenue, Chadderton	Oldham	£322,785	7
OL1 2RA	Norley Close, Chadderton	Oldham	£321,100	5
OL1 2QT	Burnley Lane, Chadderton	Oldham	£308,661	9

Least Expensive Streets in OL1 (Oldham)

Postcode	Street	Area	Average	No. of Sales
OL1 3EL	Drake Close	Oldham	£46,665	3
OL1 1TD	Union Street	Oldham	£49,199	5
OL1 3BY	Julian House, Henshaw Street, Oldham	Oldham	£53,833	3
OL1 2HW	Trafalgar Street	Oldham	£64,000	3
OL1 3PS	Whitehall Street	Oldham	£69,499	5
OL1 3DB	Florian House, Henshaw Street, Oldham	Oldham	£71,589	5
OL1 2HN	Trafalgar Street	Oldham	£74,000	3
OL1 4RT	The Ridgedales, Coleridge Road	Oldham	£74,460	5
OL1 4DJ	St Ambrose Court	Oldham	£76,368	8
OL1 2AP	Belmont Street	Oldham	£77,000	3