Market outlook for OL16
Key indicators for buyers
The OL16 market is moderately favourable for buyers. Prices have softened (-19.2%), 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 £187,350 with a 25% deposit (£47k), a 2-year fixed mortgage at 3.97% costs around £739 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses OL16 avg. price with Rochdale rental data
Monthly mortgage payments (£739) are £75 less than renting (£814). However, buying requires an upfront deposit of £47k — 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 |
|---|---|---|---|
3, HARTLEY STREET, FIRGROVE OL16 3BB | Detached | £250,000 | 21 Jan 2026 |
52, PRINCESS ROAD OL16 4BA | Semi-detached | £118,000 | 19 Jan 2026 |
13, MILLVIEW LANE OL16 2BA | Terraced | £150,000 | 19 Jan 2026 |
80, ROYDS STREET OL16 5JS | Terraced | £118,000 | 19 Jan 2026 |
36, SOUTH STREET OL16 2ER | Terraced | £130,000 | 14 Jan 2026 |
12, COPPY BRIDGE DRIVE OL16 3AR | Terraced | £210,000 | 12 Jan 2026 |
321, ALBERT ROYDS STREET OL16 3AH | Semi-detached |
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.