Rakewood Drive - OL4 2LT
Key Postcode Insights
OL4 2LT is a residential postcode situated on Rakewood Drive, Oldham, OL4 with 36 addresses.
It ranks as the 1391st largest and 1289th most expensive of the 1,589 postcodes in the OL4 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 36 properties: 36 houses.
- Ave. Sale Price
- £292,345
- 10 Year change
- up 67.6%
- Ave. Rental Price
- £1,390pcm
- 10 Year change
- up 79.4%
- Ave. £ per ft²
- £330/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Key Postcode Insights
OL4 2LT is a residential postcode situated on Rakewood Drive, Oldham, OL4 with 36 addresses.
It ranks as the 1391st largest and 1289th most expensive of the 1,589 postcodes in the OL4 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 36 properties: 36 houses.
- Ave. Sale Price
- £292,345
- 10 Year change
- up 67.6%
- Ave. Rental Price
- £1,390pcm
- 10 Year change
- up 79.4%
- Ave. £ per ft²
- £330/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Explore Propertiesin OL4 2LT
- 1 Rakewood Drive
2 Bed Mid-century House
- 2 Rakewood Drive
Unknown
- 3 Rakewood Drive
Unknown
- 4 Rakewood Drive
3 Bed Mid-century House
- 5 Rakewood Drive
3 Bed Mid-century House
Sales Market Trends
The last sale in OL4 2LT sold for £315,000 on 11th December 2024. Since then prices are up an average of 5.1%.
The current average value in the postcode is £292,345.
The OL4 2LT Sales Market has increased by 67.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.2% | £292,345 |
| June 2025 | 4.7% | £285,958 |
| June 2024 | 1.3% | £273,044 |
| June 2023 | 4.2% | £269,633 |
| June 2022 | 11.8% | £258,720 |
| June 2021 | 12.2% | £231,425 |
| June 2020 | 5.4% | £206,260 |
| June 2019 | 4.2% | £195,654 |
| June 2018 | 5% | £187,690 |
| June 2017 | 2.4% | £178,735 |
| June 2016 | 3% | £174,482 |
| June 2015 | 2.1% | £169,468 |
| June 2014 | 4.2% | £165,969 |
| June 2013 | -0.9% | £159,280 |
| June 2012 | -1.3% | £160,693 |
| June 2011 | -2.9% | £162,747 |
| June 2010 | 4.3% | £167,653 |
| June 2009 | -10.5% | £160,811 |
| June 2008 | -0.1% | £179,655 |
| June 2007 | 0% | £179,922 |
Rental Market Trends
The current average rental value in the postcode is £1,390.
The OL4 2LT Rental Market has increased by 79.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.8% | £1,390pcm |
| June 2025 | 4.6% | £1,352pcm |
| June 2024 | 12.3% | £1,292pcm |
| June 2023 | 11.3% | £1,150pcm |
| June 2022 | 10.9% | £1,034pcm |
| June 2021 | 8.1% | £933pcm |
| June 2020 | 3.6% | £863pcm |
| June 2019 | 1.9% | £833pcm |
| June 2018 | 1.3% | £817pcm |
| June 2017 | 4.1% | £807pcm |
| June 2016 | 3.1% | £775pcm |
| June 2015 | 2.9% | £751pcm |
| June 2014 | 1.8% | £730pcm |
| June 2013 | 0% | £717pcm |
| June 2012 | -0.3% | £717pcm |
| June 2011 | 2.8% | £720pcm |
| June 2010 | 2.8% | £700pcm |
| June 2009 | -1.5% | £681pcm |
| June 2008 | 1.1% | £691pcm |
| June 2007 | 0% | £684pcm |
Sales History
The last sale was on 11th December 2024 for £315,000 and since then the market in the area has increased by 5.1%. The postcode has had a total of 29 sales since 1995.
OL4 2LT has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Dec 2024£315,000 | 4 Bed House31, Rakewood Drive, Oldham, OL4 2LT31, Rakewood Drive, Oldham, OL4 2LT
- Sold May 2021£177,000 | 2 Bed House1, Rakewood Drive, Oldham, OL4 2LT1, Rakewood Drive, Oldham, OL4 2LT
- Sold Jan 2021£235,000 | 3 Bed House5, Rakewood Drive, Oldham, OL4 2LT5, Rakewood Drive, Oldham, OL4 2LT
- Sold Dec 2016£149,950 | 3 Bed House4, Rakewood Drive, Oldham, OL4 2LT4, Rakewood Drive, Oldham, OL4 2LT
- Sold Sep 2016£214,000 | 3 Bed House16, Rakewood Drive, Oldham, OL4 2LT16, Rakewood Drive, Oldham, OL4 2LT
Nearby Postcodes
OL4 2LT is the 1391st largest and the 1289th most expensive postcode out of the 1,589 postcodes in the OL4 area.
- OL4 2NL, Inchwood Mews, Oldham, OL4OL4 2NL11 Addresses|45 m away
- OL4 2XA, Causewood Close, Oldham, OL4OL4 2XA13 Addresses|59 m away
- OL4 2NP, Rakewood Drive, Oldham, OL4OL4 2NP41 Addresses|102 m away
- OL4 2TS, Erica Avenue, Oldham, OL4OL4 2TS15 Addresses|107 m away
- OL4 2LU, Pembroke Drive, Oldham, OL4OL4 2LU10 Addresses|107 m away
Property Types
- 2 modern houses built after 1980
- 10 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 22 other addresses of unknown type
- modern house (2)
- mid-century house (10)
- house (2)
- Unknown (22)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (1)
- F (0)
- C (5)
- G (0)
- D (5)
- No EPC (24)
Top 3 Most Expensive Sales
- Sold Aug 2025£363,000 | 4 Bed House102, Rakewood Drive, Oldham, OL4 2NP102, Rakewood Drive, Oldham, OL4 2NP
- Sold Dec 2024£315,000 | 4 Bed House31, Rakewood Drive, Oldham, OL4 2LT31, Rakewood Drive, Oldham, OL4 2LT
- Sold Sep 2023£279,950 | 3 Bed House69, Rakewood Drive, Oldham, OL4 2NP69, Rakewood Drive, Oldham, OL4 2NP
Schools Nearby
- St Thomas Moorside CofE (VA) Primary School400 m away
- Hodge Clough Primary School600 m away
- Woodlands Primary Academy1.7 km away
- Waterhead Academy1.7 km away
- E-ACT Royton and Crompton Academy2.2 km away
- The Crompton House Church of England Academy3.1 km away
More reading links
Public Transport Nearby
The closest station to OL4 2LT is Greenfield station, which is 4.7 kilometres away.
- Greenfield|4.7 km away
- Mossley (Manchester)|5.9 km away
- Mills Hill (Manchester)|7.0 km away
- Rochdale|7.4 km away
