Market outlook for OL15
Key indicators for buyers
The OL15 market is moderately favourable for buyers. Prices have softened (-15.4%), which could present a buying opportunity. Rising rents (£814/mo, +8.6%) 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 Rochdale area
A home in Rochdale costs 6.1x the local median salary — moderate, improving from a peak of 6.4x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Rochdale area
Average monthly rent in Rochdale is £814, up 8.6% 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 Rochdale price of £195,000 with a 25% deposit (£49k), a 2-year fixed mortgage at 3.97% costs around £770 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses OL15 avg. price with Rochdale rental data
Monthly mortgage payments (£770) are £44 less than renting (£814). However, buying requires an upfront deposit of £49k — 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 |
|---|---|---|---|
29, SHOPWOOD WAY OL15 9AP | Semi-detached | £250,000 | 23 Jan 2026 |
7, CHARLES STREET OL15 8JE | Terraced | £140,000 | 9 Jan 2026 |
15, DRAKE ROAD OL15 9PS | Semi-detached | £92,500 | 22 Dec 2025 |
15, LAURELS DRIVE OL15 0DU | Semi-detached | £250,000 | 19 Dec 2025 |
CASTLE FARM, SWAINDROD LANE OL15 0LE | Other | £415,000 | 19 Dec 2025 |
7, YEA FOLD OL15 8YF | Detached | £330,000 | 19 Dec 2025 |
6, KINDERS FOLD OL15 9LT | Detached | £345,000 |
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.