Area Guide For Oldham

Oldham is a large town in Greater Manchester, England. It lies amid the Pennines on elevated ground between the rivers Irk and Medlock, 5.3 miles (8.5 km) south-southeast of Rochdale, and 6.9 miles (11.1 km) northeast of the city of Manchester. Oldham is surrounded by several smaller settlements which together form the Metropolitan Borough of Oldham, of which Oldham is the administrative centre. Historically a part of Lancashire, and with little early history to speak of, Oldham rose to prominence during the 19th century as an international centre of textile manufacture. It was a boomtown of the Industrial Revolution, and among the first ever industrialised towns, rapidly becoming "one of the most important centres of cotton and textile industries in England". At its zenith, it was the most productive cotton spinning mill town in the world, spinning more cotton than France and Germany combined. Oldham's textile industry began to fall into decline during the mid-20th century, and its last mill closed in 1998. The demise of textile processing in Oldham depressed the local economy. Today Oldham is a predominantly residential town, and a centre for further education and


Oldham Map

Estimated Price: £139,264
Average Asking Price: £163,460
Price change in last one year: £7,038
Average Price Paid: £125,866
Average Rent Rates: £619


Property Prices Breakdown in Oldham

Average Price for property in Oldham is around £139,264 which varies based on type of property you are interested in and ranges from £266,662 for detached house to around £149,998 for semi-detached. Similarly terraced house is around £96,883 and a flat is worth £124,202. Values have been changing and have risen £938 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,312 in last 6 months, £7,038 in last 1 year, £17,208 in last 2 years, £16,453 in last 3 years, £10,019 in last 4 years and £10,269 in last 5 years.

Currently average asking price of a property in Oldham is around £163,460 based on approximately 1,794 properties for sale. Same is the case with rental options based on 241 properties up for rent, average asking rent is around £619 per month.

Estimated property value in Oldham is £139,264. Average asking price is £163,460 while average price paid is £133,602 which is up by £7,038 and Avg. asking rent £619.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Oldham area. In last 1 year alone average price buyer paid is around £133,602 based on approximately 1,794 sales in Oldham area alone. If you compare it to last 3 years sales of 5,050 properties where buyers paid around £127,221. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £125,866 for 8,333 and average amount paid for purchase of approx. 12,072 properties sold in last 7 years comes to about £125,466 per sale.


Properties For Sale in Oldham


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £92,156, £95,427 for a 2 bedroom house, £145,591 for a 3 bedroom house, £252,578 for a 4 bedroom house and £420,827 for a 5 bedroom house. For a flat similarly the prices varies from £116,315 for a single bedroom to £163,526 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £121,283. To sum up the asking prices for properties in Oldham it comes to around average £105,578 for 1 bedroom property, £100,592 for 2 bedroom, £145,408 for 3 bedroom, £252,578 for 4 bedroom and £420,827 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £428 for 1 bedroom to £481 for 2 bedroom, £528 for 3 bedroom and £644 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £443. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £504 and £390 for 3 bedroom. You should be generally be expecting around average £438 rent per month for single bedroom property, £485 for 2 bedroom, £526 for 3 bedroom and approximately £644 for 4 bedroom property in Oldham area.

Popular Houses in Oldham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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