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Romiley House Prices Romiley House Prices

The average house price in Romiley is £341,666 using HM Land Registry data.

The average property price increased by £85,461 (33.99%) over the last 5 years and increased by £17,081 (5.34%) over the last 12 months.

Over the last year, there were 119 residential property sales – a decrease of 52 transactions (-43.70%) relative to the previous year. The majority of house sales (37) were in the £206,000 - £292,000 range. Then came properties in the £292,000 - £378,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,930 (-3%).

In April 2024, there were 17 new estate agency instructions, 17 agreed home sales and 9 property price reductions.

Neighbouring Areas: Bredbury and Woodley

Postcodes Covered: SK6

5-Year Average Property Prices in Romiley

33.99%

Property prices in Romiley increased by 33.99% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Romiley Over the Last Year

5.34%

Property prices in Romiley increased by 5.34% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Romiley - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Romiley

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Romiley

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Romiley

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Romiley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Romiley area since 1995.

Recent Property Sales in Romiley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
39 Hill Rise, Romiley, Stockport, Greater Manchester, SK6 3AP£385,000£375,000-£10,00015 Nov 202308 Mar 2024114 Days
28 Kimberley Avenue, Romiley, Stockport, Greater Manchester, SK6 4AB£675,000£650,000-£25,00029 Jun 202301 Mar 2024246 Days
43 Carlton Avenue, Romiley, Stockport, Greater Manchester, SK6 4EQ£399,950£399,950£0017 Nov 202322 Feb 202497 Days
31 Greave, Romiley, Stockport, Greater Manchester, SK6 4PU£280,000£275,000-£5,00025 Sep 202316 Feb 2024144 Days
Flat 32, Redfern House, Harrytown, Romiley, Stockport, Greater Manchester, SK6 3BS£69,950£69,950£0028 Jun 202312 Feb 2024229 Days
1 Roger Close, Romiley, Stockport, Greater Manchester, SK6 3DJ£325,000£320,000-£5,00021 Sep 202302 Feb 2024134 Days
116 The Ridgway, Romiley, Stockport, Greater Manchester, SK6 3HB£120,000£120,000£0004 Oct 202331 Jan 2024119 Days
Apartment 45, Davies Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester, SK6 3BG£105,000£103,000-£2,00018 Sep 202329 Jan 2024133 Days
44 Central Drive, Romiley, Stockport, Greater Manchester, SK6 4PH£400,000£385,000-£15,00028 Sep 202326 Jan 2024120 Days
16 High Meadows, Romiley, Stockport, Greater Manchester, SK6 4PT£360,000£350,000-£10,00027 Jul 202326 Jan 2024183 Days
27 Howard Close, Romiley, Stockport, Greater Manchester, SK6 3BH£230,000£218,500-£11,50021 Jul 202319 Jan 2024182 Days
7 Lane Ends, Romiley, Stockport, Greater Manchester, SK6 4NW£390,000£374,000-£16,00013 Dec 202212 Jan 2024395 Days
5 Lawton Close, Romiley, Stockport, Greater Manchester, SK6 3EQ£250,000£240,000-£10,00031 Aug 202312 Jan 2024134 Days
21 Padden Brook, Romiley, Stockport, Greater Manchester, SK6 3AS£275,000£275,000£0015 Sep 202312 Jan 2024119 Days
2 Springwood Crescent, Romiley, Stockport, Greater Manchester, SK6 4JR£235,000£230,000-£5,00025 Sep 202318 Dec 202384 Days
2 Marsden Road, Romiley, Stockport, Greater Manchester, SK6 4PJ£435,000£420,000-£15,00015 Aug 202306 Dec 2023113 Days
8 St Davids Avenue, Romiley, Stockport, Greater Manchester, SK6 3JT£375,000£375,000£0003 Oct 202306 Dec 202364 Days
77 The Ridgway, Romiley, Stockport, Greater Manchester, SK6 3HA£215,000£215,000£0008 Aug 202317 Nov 2023101 Days
30 Overdale Road, Romiley, Stockport, Greater Manchester, SK6 3HL£250,000£240,000-£10,00019 Jul 202317 Nov 2023121 Days
Apartment 28, Davies Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester, SK6 3BG£120,000£110,000-£10,00003 Apr 202310 Nov 2023221 Days

Most Expensive Streets in Romiley

PostcodeStreetAreaAverageNo. of Sales
SK6 4NPPinfold LaneRomiley£761,6663
SK6 3JZGregory AvenueRomiley£638,3333
SK6 4NWLane EndsRomiley£568,5004
SK6 4ENLansdowne AvenueRomiley£555,0003
SK6 4NQSandy LaneRomiley£542,0003
SK6 4AFBeech LaneRomiley£541,8134
SK6 4JGCompstall RoadRomiley£492,0005
SK6 4LDBirchvale DriveRomiley£489,6045
SK6 4AYHill TopRomiley£483,0005
SK6 4LHBarlow Fold RoadRomiley£479,0003

Least Expensive Streets in Romiley

PostcodeStreetAreaAverageNo. of Sales
SK6 3BJNew Acre CourtMetcalfe Drive£92,4745
SK6 3BSHarrytownRomiley£104,45018
SK6 3BFMetcalfe CourtMetcalfe Drive£125,16923
SK6 3BGDavies CourtMetcalfe Drive£126,09316
SK6 3HBThe RidgwayRomiley£133,6005
SK6 4QHCentral DriveRomiley£144,10633
SK6 3BTHarrytown CourtHarrytown£155,5938
SK6 4NDSandy LaneRomiley£156,9005
SK6 4DBCompstall RoadRomiley£159,3754
SK6 4BFOakwood RoadRomiley£163,3333

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