Market outlook for OL3
Key indicators for buyers
The OL3 market is moderately favourable for buyers. Prices have softened (-15.7%), 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 £301,000 with a 25% deposit (£75k), a 2-year fixed mortgage at 3.97% costs around £1,188 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses OL3 avg. price with Oldham rental data
Monthly mortgage payments (£1,188) are £289 more than renting (£899). However, buying requires an upfront deposit of £75k — it would take around 15 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 |
|---|---|---|---|
17, GLENGARTH, UPPERMILL OL3 6HU | Flat/Maisonette | £152,000 | 9 Jan 2026 |
53, ANNISFIELD AVENUE, GREENFIELD OL3 7DJ | Detached | £450,000 | 9 Jan 2026 |
30, KING STREET, DELPH OL3 5DH | Flat/Maisonette | £165,000 | 19 Dec 2025 |
1, CHURCH ROAD, GREENFIELD OL3 7LQ | Semi-detached | £432,500 | 19 Dec 2025 |
6A, CLYDESDALE RISE, DIGGLE OL3 5PX | Semi-detached | £100,000 | 19 Dec 2025 |
GLADSTONE BUNGALOW, GREENBRIDGE LANE, GREENFIELD OL3 7JR | Detached | £600,000 | 19 Dec 2025 |
1, PLATT LANE, DOBCROSS OL3 5AD |
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.