Market outlook for Oldham
Key indicators for buyers
The Oldham market is moderately favourable for buyers. Prices are rising at 5.9%, which may favour acting sooner rather than later. Rising rents (£899/mo, +10.9%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Oldham costs 6.1x the local median salary — moderate, improving from a peak of 6.3x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Oldham is £899, up 10.9% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Oldham price of £213,743 with a 25% deposit (£53k), a 2-year fixed mortgage at 3.97% costs around £844 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£844) are £55 less than renting (£899). However, buying requires an upfront deposit of £53k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
25, RYDAL AVENUE, CHADDERTON OL9 0RB | Semi-detached | £199,000 | 27 Jan 2026 |
5, RAVENOAK DRIVE, FAILSWORTH M35 9RQ | Terraced | £134,000 | 23 Jan 2026 |
170, BURNLEY LANE, CHADDERTON OL1 2QQ | Terraced | £60,000 | 23 Jan 2026 |
10, WAVERLEY STREET OL1 4HB | Terraced | £110,000 | 23 Jan 2026 |
7, KENDAL DRIVE, SHAW OL2 8JQ | Terraced | £205,000 | 22 Jan 2026 |
22, CLARKSFIELD STREET OL4 3AN | Semi-detached | £140,000 | 16 Jan 2026 |
7, LABURNUM AVENUE, FAILSWORTH M35 0NQ | Semi-detached |
Explore postcodes in Oldham
7postcode districts · Click for detailed prices
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.