Oldham is a large town with a population of around 103,000 situated around 7 miles North East of Manchester City Centre, the nearest other major town is Rochdale which is around 5 miles away. Like many other Northern towns, Oldham came to prominence during the 19th Century when it became internationally known as a top textile manufacturer and was the most productive cotton spinning town in the world, surpassing the entire output of France and Germany.
The Oldham landscape is still very industrial, with large cotton mills (some of which have now been converted to apartments) dominating the skyline. Oldham went through some rough years where it became deprived following the collapse of the industrial sector in this country. The last mill closed in 1998 and the town struggled to find its feet, it has now however become a centre for further education and the performing arts and is beginning to really grow into the 21st Century. The addition of the Metrolink from Manchester City Centre has encouraged students and commuters alike to the area who may want to live in Oldham and work in Manchester. The tram system runs from Manchester to Rochdale via Oldham.
The most popular properties sold in Oldham in 2014 were terraced houses with an average sale price of £85,816, semi-detached properties sold for an average of £129,698. The price of houses in Oldham were significantly cheaper than those in nearby Chadderton (£4,000) and Royton (£15,000) and the increased transport links have already lead to a younger demographic buying houses in the area. It is proving popular with first time buyers.
If you would like further information on buying or selling, whether it is for first time buyers or experienced buyers please don’t hesitate to check out our guides or alternatively get in touch with the Gorvins conveyancing team. Our team is highly experienced in the sale of property and the buying process in general.
If you are considering buying or selling a property in Oldham, let our conveyancing solicitors help. Contact us on 0343 507 5151 or fill out our online contact form for a free, no-obligation and confidential discussion about your property.
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Philip Hammond has scrapped stamp duty for 1st time buyers up to £300,000
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