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Property Price Trends
OL16 2BP
What are the historical property price trends?
Explore the yearly trends in property prices for the OL16 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
OL16
Most Expensive Property
£540,000
Piethorne House East Ogden Lane, OL16 3TQ
Sold: 13 December 2023
Cheapest Property
£300
103 Shaw Road, OL16 4SH
Sold: 27 September 2020
£206,000
The average house price in Rochdale was £206,000 in November 2024 (provisional), up 6.5% from November 2023. This was higher than the rise in the North West (5.7%) over the same period.
£738
Private rents rose to an average of £738 in December 2024, an annual increase of 10.3% from £669 in December 2023. This was higher than the rise in the North West (9.6%) over the year.
£183,000
The average price paid by first-time buyers was £183,000 in November 2024 (provisional). This was 7.1% higher than the average of £171,000 in November 2023 (revised).
£213,000
For homes bought with a mortgage, the average house price was £213,000 in November 2024 (provisional). This was 6.6% higher than the average of £200,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Rochdale, E08000005). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in OL16 2BP?
The graph below shows the five-year capital growth figures for properties for the OL16 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in OL16 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Lancashire?
Homebuyers
For homebuyers in Lancashire, the property market is showing steady growth in house prices with an average price of £179,052 according to the latest data. Popular areas for homebuyers include Preston (PR1, PR2) and Lancaster (LA1, LA2) where house prices are rising at a slightly higher rate due to increased demand. Availability of homes remains relatively high in Lancashire, providing homebuyers with a variety of options to choose from. Investors looking to purchase property for buy-to-let purposes may find good opportunities in Blackburn (BB1, BB2) and Blackpool (FY1, FY2) where rental demand is strong.
Renters
Rent prices in Lancashire have been increasing steadily, with the average rent for a two-bedroom property now standing at £700 per month. Popular rental areas include Burnley (BB10, BB11) and Chorley (PR6, PR7) where rental stock is in high demand. Availability of rental properties remains relatively low in some areas, so renters may need to act quickly when a suitable property becomes available. Investors looking to purchase property for rental purposes may find good opportunities in Accrington (BB5) and Morecambe (LA4) where rental yields are favourable.
Investors
For investors in Lancashire, the property market offers good opportunities for high rental yields and capital growth. The average rental yield in Lancashire is currently at 4.5%, making it an attractive option for those looking to invest in buy-to-let properties. Popular areas for investors include Blackburn (BB2, BB3) and Blackpool (FY3, FY4) where rental demand is high and house prices are relatively affordable. Availability of rental properties in these areas is also good, providing investors with a range of options to choose from. Overall, the property market in Lancashire is showing positive trends for investors looking to capitalize on the rental market.
Homebuyers
For homebuyers in Lancashire, the property market is showing steady growth in house prices with an average price of £179,052 according to the latest data. Popular areas for homebuyers include Preston (PR1, PR2) and Lancaster (LA1, LA2) where house prices are rising at a slightly higher rate due to increased demand. Availability of homes remains relatively high in Lancashire, providing homebuyers with a variety of options to choose from. Investors looking to purchase property for buy-to-let purposes may find good opportunities in Blackburn (BB1, BB2) and Blackpool (FY1, FY2) where rental demand is strong.
Renters
Rent prices in Lancashire have been increasing steadily, with the average rent for a two-bedroom property now standing at £700 per month. Popular rental areas include Burnley (BB10, BB11) and Chorley (PR6, PR7) where rental stock is in high demand. Availability of rental properties remains relatively low in some areas, so renters may need to act quickly when a suitable property becomes available. Investors looking to purchase property for rental purposes may find good opportunities in Accrington (BB5) and Morecambe (LA4) where rental yields are favourable.
Investors
For investors in Lancashire, the property market offers good opportunities for high rental yields and capital growth. The average rental yield in Lancashire is currently at 4.5%, making it an attractive option for those looking to invest in buy-to-let properties. Popular areas for investors include Blackburn (BB2, BB3) and Blackpool (FY3, FY4) where rental demand is high and house prices are relatively affordable. Availability of rental properties in these areas is also good, providing investors with a range of options to choose from. Overall, the property market in Lancashire is showing positive trends for investors looking to capitalize on the rental market.
Last updated on 30 Apr 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for OL16 2BP
Estimated yield for property investors
%
Yield
The estimated yield for the OL16 2BP postcode area is %, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in OL16 2BP?
The recently sold properties table lists homes around OL16 2BP that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 05 October 2023 | £139,836 | 155 Ramsay Street, Rochdale, OL16 2HA | Terraced | Leasehold |
| 01 November 2023 | £335,000 | 6 Greencroft Way, Smallbridge, Rochdale, OL16 2QY | Detached | Freehold |
| 01 November 2023 | £335,000 | 6 Greencroft Way, Smallbridge, Rochdale, OL16 2QY | Detached | Leasehold |
| 30 November 2023 | £174,166 | 448 Halifax Road, Rochdale, OL16 2RQ | Terraced | Freehold |
| 26 February 2024 | £52,000 | 23 Frances Street, Rochdale, OL16 2SA | Terraced | Leasehold |
| 08 December 2023 | £340,000 | 12 Holland Street, Hurstead, Rochdale, OL16 2SD | Detached | Freehold |
| 28 November 2023 | £152,500 | 2 Nursery Gardens, Rochdale, OL16 2UW | Semi-Detached | Leasehold |
| 23 February 2024 | £142,000 | 8 Higher Wheat Lane, Rochdale, OL16 2YF | Other | Leasehold |
Nearby sold properties | ||||
| 09 February 2024 | £235,000 | 128 Yorkshire Street, Rochdale, OL16 1LA | Terraced | Freehold |
| 11 March 2024 | £290,000 | 8 South Parade, Rochdale, OL16 1LR | Other | Leasehold |
| 28 February 2019 | £105,000 | 164b Drake Street, Rochdale, OL16 1QD | Other | Freehold |
| 17 November 2023 | £160,000 | 222 Rochdale Road, Rochdale, OL16 3BN | Terraced | Leasehold |
| 13 October 2023 | £205,000 | 112 Kiln Lane, Milnrow, Rochdale, OL16 3HA | Semi-Detached | Leasehold |
| 30 November 2023 | £215,000 | 4 Crossbrook Way, Milnrow, Rochdale, OL16 3HD | Semi-Detached | Freehold |
| 12 January 2024 | £207,500 | 47 Newhey Road, Milnrow, Rochdale, OL16 3NP | Semi-Detached | Leasehold |
| 03 November 2023 | £170,000 | 121 Huddersfield Road, Newhey, Rochdale, OL16 3QG | Terraced | Leasehold |
| 03 November 2023 | £175,000 | 4 North Parade, Newhey, Rochdale, OL16 3RD | Terraced | Leasehold |
| 13 December 2023 | £540,000 | Piethorne House East Ogden Lane, Newhey, Rochdale, OL16 3TQ | Semi-Detached | Freehold |
| 07 July 2023 | £175,000 | 27 Thames Road, Milnrow, Rochdale, OL16 3UB | Semi-Detached | Freehold |
| 15 December 2023 | £93,000 | 8 Field Road, Rochdale, OL16 4AZ | Semi-Detached | Freehold |
| 28 July 2023 | £167,500 | 4 Hoyles Terrace, Milnrow, Rochdale, OL16 4DJ | Terraced | Leasehold |
| 28 February 2024 | £245,000 | 40 Woodlands Road, Milnrow, Rochdale, OL16 4EY | Semi-Detached | Leasehold |
| 11 December 2023 | £150,000 | 12 Equitable Street, Milnrow, Rochdale, OL16 4HD | Semi-Detached | Leasehold |
| 23 February 2024 | £171,000 | 84 Harbour Lane, Milnrow, Rochdale, OL16 4HF | Terraced | Leasehold |
| 08 July 2022 | £345,000 | 13 Crompton Avenue, Rochdale, OL16 4PB | Detached | Leasehold |
| 08 December 2023 | £165,000 | 39 Weston Avenue, Rochdale, OL16 4PW | Semi-Detached | Freehold |
| 27 September 2020 | £300 | 103 Shaw Road, Rochdale, OL16 4SH | Other | Freehold |
| 18 December 2023 | £470,000 | 40 Apple Tree Way, Rochdale, OL16 4SW | Detached | Leasehold |
| 24 November 2023 | £130,000 | 120 Buersil Avenue, Rochdale, OL16 4TX | Semi-Detached | Leasehold |
| 16 June 2023 | £203,000 | 82 Kingsway, Rochdale, OL16 4UU | Semi-Detached | Leasehold |
| 28 February 2024 | £300,000 | 4 Lambourne Grove, Milnrow, Rochdale, OL16 4YA | Semi-Detached | Leasehold |
| 24 November 2023 | £155,000 | 26 Rathbone Street, Rochdale, OL16 5BH | Terraced | Freehold |
| 20 November 2023 | £203,500 | 12a Merinall Close, Rochdale, OL16 5BY | Semi-Detached | Leasehold |
| 15 December 2023 | £95,000 | 135a Royds Street, Rochdale, OL16 5LD | Other | Leasehold |
| 23 November 2022 | £700 | 8 Crown Street, Rochdale, OL16 5LQ | Other | Freehold |
Please note that house prices for properties sold in and around OL16 2BP during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
