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Austerlands market report OL4 2, Oldham

The standing OL4 2 (Austerlands) property market report, rebuilt from the full public record every month. The raw material for this page is 4,453 HM Land Registry entries for OL4 2 (Oldham), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.

Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.

In short: the 2026 median for OL4 2 (Oldham) is £171,000, from 28 registered sales, down 4% on five years earlier; the mean is £205,100, and by floor area homes here have averaged about £2,250 per square metre over the last five years. Behind the figures sit 4,453 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.

OL4 2 is one sector of OL4 (Oldham): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.

What buyers actually paid in OL4 2

In the OL4 2 property market, the 2026 median sale price is £171,000, from 28 registered sales; the mean, the "average house price" most sites quote, is £205,100, sitting a long way above it, which tells you a few very expensive sales are pulling the average up.

House prices per square metre in OL4 2

Measured by floor area, the last five years of OL4 2 sales average about £2,250 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.

The national median for England and Wales is £285,000, which puts OL4 2 40% below the country at large.

In cash terms the typical OL4 2 home went from £34,200 in 1995 to £171,000 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 130%: homes here genuinely became dearer, not merely more expensive on paper. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 24% below it, so a peak-time purchase has yet to recover its real value.

The strongest year on record here is 2016 (+36.0% on the year before); the weakest, 2026 (−14.5%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Annualised returns

Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.

Sales activity in OL4 2

Over the last twelve months of data, 28 sales completed in OL4 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 200 sales a year before the financial crisis and 94 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.

What homes rent for around OL4 2

For renting purposes OL4 2 sits in Oldham. The ONS average private rent there is £917 a month (May 2026). A one-bed averages £684 a month here and a four-or-more-bed £1,416, so size does most of the work in setting the rent.

Against the £171,000 median purchase price, a rent of £917 a month (£11,004 a year) works out at a 6.4% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.

Reading the OL4 2 market

This is a thin market: 28 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Against the OL4 district median, OL4 2 sits 12% lower, marking it as a cheaper pocket of the district.

What people ask about OL4 2 (Austerlands)

Will OL4 2 prices rise from here?

The record answers a different question than "what happens next": the median is down 4% over five years in cash but down 24% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.

OL4's current homes for sale

What another bedroom costs in OL

The risers and the fallers

The spread across the OL area is the point: the same five years treated these districts very differently.

Other sectors in OL4

Prices can differ sharply between two sectors a few minutes' walk apart. The rest of OL4, each linking to its own report:

Zoom out to the full OL4 district report for the type split, monthly volumes and how OL4 compares with its neighbours.

Selling a home in OL4 2? Price it on the evidence

Take it further

Behind the answers sits the same Land Registry record as this page, with OL4 2 already set as the subject. Free, one click sign in.

The live map plots every individual OL4 2 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.

How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.