Data from the Office for National Statistics has revealed the most expensive, busiest, and trendiest parts of Oldham to buy a house in.

Zoopla said the data highlights how localised the housing market across England and Wales is, with prices often reflecting the housing stock available in an area.

How it’s calculated

The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.

For example, in this series of numbers: 1, 2, 3, 4, 11 – three would be the median (the middle value), but 4.2 would be the average (all the numbers added up and then divided by how many numbers there are).

The areas the ONS uses are based on council wards – so where your local councillors are elected to.

For example, the current leader of Oldham council, Amanda Chadderton, represents the Royton South ward.

There are 20 council wards in Oldham borough, and each one has three local councillors.

The most expensive and cheapest house prices

ONS data reveals that of the 20 council wards in Oldham, Saddleworth South saw the highest median house price in 2021, of £290,000.

This was followed by Saddleworth North (£278,000) and Chadderton Central (£195,000).

By contrast, the cheapest parts of Oldham to purchase property were Alexandra, which had a median house price of £99,000, St Mary’s (£106,000) and Coldhurst (£112,000).

The Oldham Times: Saddleworth countryside, captured by Oldham Times camera club member Kathy TomlinsonSaddleworth countryside, captured by Oldham Times camera club member Kathy Tomlinson

Cllr Max Woodvine, a Conservative councillor for Saddleworth South, said: “I am 21 and have just bought my first house in Saddleworth North (the second highest according to ONS) and my simple message is this – work, save, prioritise spending, and seek a mortgage. 

“Many young people fall into a trap of renting, but this is not necessary.

“I had no financial support from my family and managed to save a deposit in a matter of months.

“Of course, this meant I had to forgo luxury for a short time, but I’ll be better off long-term because of it.

The Oldham Times: Cllr Max WoodvineCllr Max Woodvine

“If other young people are sensible, I’m sure they’ll succeed in purchasing property in Saddleworth.”

The busiest and quietest places

Meanwhile, the number of homes sold in Oldham rose from 2,324 in 2020 to 2,793 last year.

Of sales last year, seven per cent (208) were in Saddleworth West and Lees – making it the busiest area for buyers.

At the other end of the scale, Coldhurst saw just 63 properties sold in 2021, earning it the title of quietest area of Oldham’s property market.

The Oldham Times: Holy Trinity Church in ColdhurstHoly Trinity Church in Coldhurst

The trendiest area

The ONS figures also reveal the trendiest area – the one which saw the fastest growth in sales – in Oldham.

Of the 13 wards with at least 100 properties sold, Chadderton Central saw 48 per cent more properties sold in 2021 than in 2020, followed by Chadderton North (43 per cent) and Saddleworth North (39 per cent).

The Oldham Times:  Chadderton Town Hall Chadderton Town Hall

What it all means

The Centre for Economics and Business Research said that following a period of significant growth during the pandemic, it expects house prices to experience downward pressure over the next year, due to sharp rises in mortgage rates.

Karl Thompson, an economist at the think tank, said the strongest price contractions are expected outside of London and the South East, causing greater regional price disparities.

The number of residential property sales in England increased by 21 per cent to 821,407 between the end of 2020 and the end of last year.

Grainne Gilmore, head of research at property website Zoopla, said property values vary widely in large part because of the differing housing stock between areas – some neighbourhoods will have a higher number of five-bedroom detached homes, while others will be home to more flats and smaller properties.

But she said the difference between more and less expensive areas may start to narrow.

Grainne added: “The demand for larger detached homes during the pandemic has pushed average values for houses higher over the last year, while price growth for flats has lagged.

“But there are signs that demand for flats in city centres is gaining momentum, so we could see faster-rising prices in this part of the market.”