OL16 2BU is a residential postcode situated on Arkwright Avenue, Rochdale, OL16 with 24 addresses.
It ranks as the 726th largest and 46th most expensive of the 981 postcodes in the OL16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 24 properties: 24 flats.
OL16 2BU is a residential postcode situated on Arkwright Avenue, Rochdale, OL16 with 24 addresses.
It ranks as the 726th largest and 46th most expensive of the 981 postcodes in the OL16 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 24 properties: 24 flats.
Sale prices range from £82,825 for 2 bedroom leasehold flats (613 ft2) to £82,825 for 2 bedroom leasehold flats (613 ft2) .
Monthly rental prices range from £704 pcm for 2 bed flats to £704 pcm for 2 bed flats.
The gross rental yield is between 10.2% and 10.2%.
The average value per square foot is £135.
The last sale in OL16 2BU sold for £138,240 on 9th December 2020. Since then prices are down an average of 0.0%.
The current average value in the postcode is £82,825.
The OL16 2BU Sales Market has increased by 56.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.1% | £82,825 |
| April 2025 | 2.4% | £81,105 |
| April 2024 | 4.3% | £79,181 |
| April 2023 | 2.7% | £75,914 |
| April 2022 | 9.8% | £73,941 |
| April 2021 | 11.2% | £67,340 |
| April 2020 | 2.6% | £60,556 |
| April 2019 | 4.3% | £59,040 |
| April 2018 | 5.6% | £56,632 |
| April 2017 | 1.4% | £53,633 |
| April 2016 | 0.8% | £52,875 |
| April 2015 | 2.1% | £52,442 |
| April 2014 | 0.6% | £51,383 |
| April 2013 | 0.1% | £51,088 |
| April 2012 | -2.8% | £51,019 |
| April 2011 | -3% | £52,502 |
| April 2010 | -3% | £54,135 |
| April 2009 | -15.4% | £55,814 |
| April 2008 | -1.2% | £65,995 |
| April 2007 | 0% | £66,780 |
The current average rental value in the postcode is £704.
The OL16 2BU Rental Market has increased by 70.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2% | £704pcm |
| April 2025 | 6.4% | £690pcm |
| April 2024 | 14.5% | £649pcm |
| April 2023 | 8.8% | £567pcm |
| April 2022 | 7.9% | £521pcm |
| April 2021 | 7.3% | £483pcm |
| April 2020 | 4.3% | £450pcm |
| April 2019 | 1.8% | £431pcm |
| April 2018 | 0.5% | £424pcm |
| April 2017 | 2.4% | £422pcm |
| April 2016 | 1.7% | £412pcm |
| April 2015 | 1.5% | £405pcm |
| April 2014 | 0.3% | £399pcm |
| April 2013 | 0.3% | £398pcm |
| April 2012 | -1.5% | £397pcm |
| April 2011 | 0.5% | £403pcm |
| April 2010 | -3.8% | £400pcm |
| April 2009 | -5.8% | £416pcm |
| April 2008 | 1.7% | £442pcm |
| April 2007 | 0% | £435pcm |
The last sale was on 9th December 2020 for £138,240 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
OL16 2BU has seen no sales in the last three years and no sales in the last twelve months.
OL16 2BU is the 726th largest and the 46th most expensive postcode out of the 981 postcodes in the OL16 area.
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The closest station to OL16 2BU is Smithy Bridge station which is 1.9 kilometres away.
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