OL14 (Todmorden) area guide

OL14
Todmorden
The OL14 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Calder, Cliviger with Worsthorne, Cornholme, Lancashire, Littleborough Lakeside, Todmorden, Walsden.
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Notes:

A Mouseprice property guide for OL14 Todmorden is coming soon. In the meantime, please have a look at the raw data and statistics about OL14 that can be found by click the relevant links on the left hand side.

Old area guide:

The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.

Market trends:

Oldham propertyThe size of the property market in OL14 is 6744 homes.

Oldham propertyThe postcode district OL14 has been experiencing annual growth of 13.5% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

Oldham propertyThe average property in this postcode district was valued at £115996 over the last 3 months.

Oldham propertySince most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 4.7. These areas often represent opportunities for substantial property price appreciation. It suggests that a number of people have moved into an area who bring with them spending power to renovate old housing stock as well as increases in property prices as demand increases once gentrification has begun.

Oldham propertyNew transactions as a percentage of overall sales are 6.2%.

Housing stock:

Todmorden propertyOver half of the properties in the area are Terraced Houses, at 58.1% of the total housing stock.

Todmorden propertyFor those buyers keen to purchase Flats, this would not be an ideal area, because only 11.2% are this type.

Todmorden propertyThe property in this area caters well for retirees and young couples who do not have large families.

Todmorden propertySocially rented accommodation represents 14.2% of the total rented accommodation in the area.

Todmorden propertyThe majority of property in this area is owner occupied.

Todmorden propertyThe average price of a two bed property in this area is less that the national average of £187894 at £138329.

Who lives here:

Todmorden propertyThere are 7106 men and 7835 women in this postcode district.
Todmorden propertyThe average age in this area is 39.
Todmorden propertyThis looks like a great place to go out – 28.9% of the population is single!
Todmorden propertyAverage working hours in this area for men are 42 and for women are 32.
Todmorden propertyThis area has 2.9 people per square kilometre.
Todmorden propertyThe largest source of work in this area is Health & Social Work (24.4% of workers), followed by Wholesale & Retail (16.5%).