Market outlook for M35
Key indicators for buyers
The M35 market is moderately favourable for buyers. Prices have softened (-8.7%), which could present a buying opportunity. Rising rents (£899/mo, +10.9%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Oldham area
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
Rental data shown for wider Oldham area
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 £199,280 with a 25% deposit (£50k), a 2-year fixed mortgage at 3.97% costs around £786 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses M35 avg. price with Oldham rental data
Monthly mortgage payments (£786) are £113 less than renting (£899). However, buying requires an upfront deposit of £50k — it would take around 7 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 |
|---|---|---|---|
5, RAVENOAK DRIVE, FAILSWORTH M35 9RQ | Terraced | £134,000 | 23 Jan 2026 |
7, LABURNUM AVENUE, FAILSWORTH M35 0NQ | Semi-detached | £265,000 | 16 Jan 2026 |
34, LORD LANE, FAILSWORTH M35 0SJ | Semi-detached | £212,500 | 15 Jan 2026 |
98, MERSEY ROAD NORTH, FAILSWORTH M35 9LT | Terraced | £157,000 | 12 Jan 2026 |
20, ASHTON ROAD, FAILSWORTH M35 9WL | Terraced | £227,900 | 9 Jan 2026 |
102, ROMAN ROAD, FAILSWORTH M35 9LE | Semi-detached | £299,950 | 19 Dec 2025 |
33, POLE LANE, FAILSWORTH M35 9PB |
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.