Drake Street - OL16 1RE
Key Postcode Insights
OL16 1RE is a residential postcode situated on Drake Street, Rochdale, OL16 with 8 addresses.
It ranks as the 271st largest and 323rd most expensive of the 981 postcodes in the OL16 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 8 properties: 3 houses, 4 flats and 1 other property.
- Ave. Sale Price
- £127,122
- 10 Year change
- up 72.7%
- Ave. Rental Price
- £842pcm
- 10 Year change
- up 87.5%
- Ave. £ per ft²
- £118/ft²
- Ave. Gross Yield
- 7.9%/year/yr
Key Postcode Insights
OL16 1RE is a residential postcode situated on Drake Street, Rochdale, OL16 with 8 addresses.
It ranks as the 271st largest and 323rd most expensive of the 981 postcodes in the OL16 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 8 properties: 3 houses, 4 flats and 1 other property.
- Ave. Sale Price
- £127,122
- 10 Year change
- up 72.7%
- Ave. Rental Price
- £842pcm
- 10 Year change
- up 87.5%
- Ave. £ per ft²
- £118/ft²
- Ave. Gross Yield
- 7.9%/year/yr
Explore Propertiesin OL16 1RE
- 13 Drake Street
House
- Flat 1, 15A Drake Street
3 Bed Modern Flat
- 15 Drake Street
House
- 17 Drake Street
Building | 2 Flats
- 21 Drake Street
Building | 3 Flats
Sales Market Trends
The last sale in OL16 1RE sold for £80,000 on 19th February 2018. Since then prices are down an average of 0.0%.
The current average value in the postcode is £127,122.
The OL16 1RE Sales Market has increased by 72.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.1% | £127,122 |
| June 2025 | 4.1% | £123,355 |
| June 2024 | 5.1% | £118,486 |
| June 2023 | 1.4% | £112,773 |
| June 2022 | 12.8% | £111,241 |
| June 2021 | 12.9% | £98,620 |
| June 2020 | 3.3% | £87,342 |
| June 2019 | 4.5% | £84,559 |
| June 2018 | 7.3% | £80,906 |
| June 2017 | 2.4% | £75,394 |
| June 2016 | 2.1% | £73,623 |
| June 2015 | 1.5% | £72,084 |
| June 2014 | 1.3% | £71,024 |
| June 2013 | -1.3% | £70,080 |
| June 2012 | -2.1% | £71,021 |
| June 2011 | -4.5% | £72,511 |
| June 2010 | 2.1% | £75,896 |
| June 2009 | -13.5% | £74,308 |
| June 2008 | -3.1% | £85,936 |
| June 2007 | 0% | £88,711 |
Rental Market Trends
The current average rental value in the postcode is £842.
The OL16 1RE Rental Market has increased by 87.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.1% | £842pcm |
| June 2025 | 7% | £809pcm |
| June 2024 | 13.6% | £757pcm |
| June 2023 | 9.3% | £666pcm |
| June 2022 | 11.9% | £609pcm |
| June 2021 | 7.4% | £544pcm |
| June 2020 | 5.6% | £507pcm |
| June 2019 | 2% | £480pcm |
| June 2018 | 0.9% | £470pcm |
| June 2017 | 3.8% | £466pcm |
| June 2016 | 1.3% | £449pcm |
| June 2015 | 1.2% | £444pcm |
| June 2014 | 1.5% | £438pcm |
| June 2013 | -1% | £432pcm |
| June 2012 | -2.2% | £436pcm |
| June 2011 | 1.1% | £446pcm |
| June 2010 | -1% | £441pcm |
| June 2009 | -5.1% | £446pcm |
| June 2008 | 3% | £470pcm |
| June 2007 | 0% | £456pcm |
Sales History
The last sale was on 19th February 2018 for £80,000 and since then the market in the area has remained stable. The postcode has had a total of 4 sales since 1995.
OL16 1RE has seen no sales in the last three years and no sales in the last twelve months.
- Sold Feb 2018£80,000 | 2 Bed House17, Drake Street, Rochdale, OL16 1RE17, Drake Street, Rochdale, OL16 1RE
- Sold Jun 2005£135,000 | 2 Bed House15, Drake Street, Rochdale, OL16 1RE15, Drake Street, Rochdale, OL16 1RE
- Sold Aug 1999£23,000 | 2 Bed House17, Drake Street, Rochdale, OL16 1RE17, Drake Street, Rochdale, OL16 1RE
- Sold Dec 1995£35,500 | 2 Bed House17, Drake Street, Rochdale, OL16 1RE17, Drake Street, Rochdale, OL16 1RE
Nearby Postcodes
OL16 1RE is the 271st largest and the 323rd most expensive postcode out of the 981 postcodes in the OL16 area.
- OL16 1NT, Drake Street, Rochdale, OL16OL16 1NT2 Addresses|26 m away
- OL16 1TU, Smith Street, Rochdale, OL16OL16 1TU18 Addresses|46 m away
- OL16 1LU, Drake Street, Rochdale, OL16OL16 1LU2 Addresses|47 m away
- OL16 1NU, Drake Street, Rochdale, OL16OL16 1NU5 Addresses|49 m away
- OL16 1LY, Fleece Street, Rochdale, OL16OL16 1LY3 Addresses|51 m away
Property Types
- 1 modern flat built after 1980
- 7 other addresses of unknown type
- modern flat (1)
- Unknown (7)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (1)
- G (0)
- D (1)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Jul 2023£1,300,000 | 2 Bed House48A, Drake Street, Rochdale, OL16 1NZ48A, Drake Street, Rochdale, OL16 1NZ
- Sold Nov 2009£180,000 | 4 Bed House115, Drake Street, Rochdale, OL16 1PZ115, Drake Street, Rochdale, OL16 1PZ
- Sold Aug 2004£170,999 | 2 Bed House81, Drake Street, Rochdale, OL16 1SD81, Drake Street, Rochdale, OL16 1SD
Schools Nearby
- Broadfield Community Primary School400 m away
- St John's Roman Catholic Primary School, a Voluntary Academy700 m away
- Heybrook Primary School1.0 km away
- Falinge Park High School1.3 km away
- Kingsway Park High School1.8 km away
- Oulder Hill Leadership Academy2.1 km away
More reading links
Public Transport Nearby
The closest station to OL16 1RE is Rochdale station, which is 700 metres away.
- Rochdale|700 m away
- Castleton (Manchester)|3.1 km away
- Smithy Bridge|3.3 km away
- Littleborough|5.0 km away
