Average Rent, House Prices and Buy-to-Let Yield in Oldham (July 2026)
The average private rent in Oldham is £931 a month (ONS, July 2026) and the average house price £214,850 (HM Land Registry, June 2026): a gross yield of 5.2%, ranked 58 of 316 local authorities.
Rent in Oldham
The average private rent across all property types is £931 a month (+11.0% on a year earlier). The regional median in the North West is £816.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £694 | £8,328 a year |
| 2 bedrooms | £868 | £10,416 a year |
| 3 bedrooms | £1,054 | £12,648 a year |
| 4+ bedrooms | £1,437 | £17,244 a year |
The bedroom ladder in Oldham: one to two bedrooms adds 25.1% to the rent, two to three adds 21.4% and three to four-plus adds 36.3% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Oldham
The average price paid is £214,850 (+5.1% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £379,768 |
| Semi-detached | £244,930 |
| Terraced | £181,723 |
| Flat | £131,245 |
Rents are outrunning prices in Oldham. Rents moved +11% over the year against +5.1% for prices — a gap of 5.9 points that lifts the gross yield a buyer sees today. Oldham ranks 5th of 316 local authorities for rent growth and 71st of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Oldham
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £868 | £131,245 | 7.9% | 7.5% |
| Terraced house | £1,054 | £181,723 | 7% | 5.7% |
| Semi-detached | £1,054 | £244,930 | 5.2% | 4.6% |
| Detached | £1,437 | £379,768 | 4.5% | 4.1% |
On these pairings the strongest gross yield in Oldham is on flats at 7.9%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 5.2% (rent × 12 ÷ price) — rank 58 of 316 local authorities; the regional median is 4.9%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £27,930 a year for the average rent.
- EPC before 2030: 28% of EPCs lodged in Oldham over the last year were below band C — the level a rented home needs by 1 October 2030 — with 26% at D (EPC ratings in Oldham).
- Council tax: Band D in Oldham is £2,602 for 2026/27, and the council charges a 100% second-home premium (council tax in Oldham).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £931 supports a loan of about £140,088, which is 65.2% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Oldham
- Yield calculator with £214,850 and £931 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £931 a month
- Rental income tax on £11,172 a year of rent
Nearest neighbours by yield, in the North West
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Pendle | £666 | £149,613 | 5.3% | +6.2% |
| Tameside | £927 | £211,304 | 5.3% | +5.7% |
| Bolton | £884 | £202,770 | 5.2% | +9.9% |
| St Helens | £802 | £186,435 | 5.2% | +6.1% |
| Blackburn with Darwen | £713 | £165,882 | 5.2% | +4.9% |
| Preston | £788 | £187,709 | 5% | +6.2% |
All 316 areas ranked · council tax in Oldham · EPC ratings in Oldham.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£931 a month across all property types (ONS Price Index of Private Rents, July 2026), up 11.0% on a year earlier.
£214,850 (HM Land Registry UK House Price Index, June 2026).
About 5.2% gross on the averages — £931 rent against a £214,850 price — ranking 58 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 7.9% gross (£868 rent on a £131,245 price), against an England-and-Wales median of 7.5% for that type.
Rents +11% against prices +5.1% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £27,930 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in Oldham
Council tax bands, sold prices and build periods for each district — all M postcodes · all OL postcodes.