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.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
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.
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.
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.
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.
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.
The average property in OL8 sold for £142,250 in 2026, with a median of £142,250 across 2 transactions. Prices fell 29.6% compared to the previous year.
| 18 Dec 2025 |
438, ASHTON ROAD OL8 3HF | Terraced | £120,000 | 18 Dec 2025 |
18, POOL STREET OL8 1LJ | Terraced | £65,000 | 17 Dec 2025 |
28, FIELDSWAY OL8 3AX | Semi-detached | £290,000 | 17 Dec 2025 |
1, SUNNYBROW CLOSE OL8 2SZ | Semi-detached | £282,000 | 17 Dec 2025 |
9, LICHENS CRESCENT OL8 2NS | Semi-detached | £225,000 | 17 Dec 2025 |
272, HERON STREET OL8 4JR | Terraced | £223,000 | 16 Dec 2025 |
15, BUTE AVENUE OL8 2AQ | Terraced | £155,000 | 15 Dec 2025 |
28, KENSINGTON ROAD OL8 4BZ | Semi-detached | £316,000 | 12 Dec 2025 |
254, BELGRAVE ROAD OL8 2JU | Terraced | £100,000 | 12 Dec 2025 |
20, POPLAR AVENUE OL8 3UA | Semi-detached | £225,000 | 12 Dec 2025 |
16, NEWPORT STREET OL8 4AJ | Terraced | £206,000 | 12 Dec 2025 |
7, CROSSWAYS OL8 2SQ | Terraced | £170,000 | 12 Dec 2025 |
132, FURNESS AVENUE OL8 2DX | Semi-detached | £190,000 | 12 Dec 2025 |
The most recent recorded sale in OL8 was a terraced property on Ashton Road for £166,500 in January 2026. Across the last 20 sales, the median price was £200,000.