Market outlook for OL4
Key indicators for buyers
The OL4 market is moderately favourable for buyers. Prices have softened (-42.5%), 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 £130,408 with a 25% deposit (£33k), a 2-year fixed mortgage at 3.97% costs around £515 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses OL4 avg. price with Oldham rental data
Monthly mortgage payments (£515) are £384 less than renting (£899). However, buying requires an upfront deposit of £33k — it would take around 4 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 |
|---|---|---|---|
22, CLARKSFIELD STREET OL4 3AN | Semi-detached | £140,000 | 16 Jan 2026 |
107, REDGRAVE STREET OL4 2EA | Terraced | £129,040 | 9 Jan 2026 |
45, RIXSON STREET OL4 2NX | Terraced | £150,000 | 9 Jan 2026 |
19, ALBANY STREET OL4 2NT | Terraced | £110,000 | 8 Jan 2026 |
16, HUXLEY STREET OL4 5JX | Terraced | £123,000 | 6 Jan 2026 |
143, STAMFORD ROAD, LEES OL4 3NB | Terraced | £179,950 | 21 Dec 2025 |
9, SHEPLEY STREET, LEES OL4 4LT | Terraced | £143,000 |
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.