Market outlook for OL8
Key indicators for buyers
The OL8 market is moderately favourable for buyers. Prices have softened (-29.6%), 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 £142,250 with a 25% deposit (£36k), a 2-year fixed mortgage at 3.97% costs around £561 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses OL8 avg. price with Oldham rental data
Monthly mortgage payments (£561) are £338 less than renting (£899). However, buying requires an upfront deposit of £36k — 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 |
|---|---|---|---|
736, ASHTON ROAD OL8 3HW | Terraced | £166,500 | 13 Jan 2026 |
316, HOLLINS ROAD OL8 3BQ | Terraced | £118,000 | 9 Jan 2026 |
40, NETHERFIELD CLOSE OL8 4ER | Detached | £320,000 | 22 Dec 2025 |
40, COUNTY STREET OL8 3RN | Terraced | £135,000 | 19 Dec 2025 |
86, GREEN LANE OL8 3BA | Semi-detached | £210,000 | 19 Dec 2025 |
19, ORIEL AVENUE OL8 4HH | Terraced | £120,000 | 18 Dec 2025 |
41, POPLAR AVENUE OL8 3TZ | Terraced | £200,000 |
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.