Property trends for OL1

    OL1 covers central Oldham and surrounding neighbourhoods in Greater Manchester, sitting between the town centre and outlying residential areas. It is a diverse, working-class district with strong community roots and emerging regeneration focus.

    At a Glance

    Average Property Price - OL1

    £204,503

    14

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - OL

    £883

    27

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - OL1

    £29,048

    6

    National percentile

    2023 census data

    Flat / Maisonette Yield - OL

    6.5%

    81

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - OL1

    6.7%

    99

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - OL

    5.7%

    99

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — OL1

    Top 5 streets in OL1 ranked by 3-year average sale price.

    #Street3Y Avg
    1Racefield Hamlet£1,200,000
    2Kiln Hill Close£800,000
    3Grains Road£610,000
    4Brandwood£555,000
    5Rookwood£498,333

    Latest Rent — OL1

    Property Price & Volume Trends

    The latest average property price in OL1 is £204,000, well below the national average and among the most affordable districts nationally. Over the past decade, prices have grown at 6.1% per year—significantly faster than the national average, placing it among the strongest performers in the country. Transaction activity has moderated recently, with 142 sales in the latest full year compared to a 10-year average of 186 per year, reflecting a tighter market.

    Rent & Yield Trends

    Average monthly rent stands at £846, below the national average. Rental growth over the past decade has been strong at 5.3% per year, well above the national pace. The current flat yield of 5.9% is noticeably higher than the 10-year average of 5.0%, signalling improved returns for landlords as rents have accelerated ahead of price growth.

    Income & Affordability Trends

    Average net household income is £29,048, significantly below the national average and among the lowest in the country. The price-to-income ratio of 5.6x indicates that property remains relatively affordable, though this has worsened since 2016 (when it stood at 4.7x), reflecting prices rising faster than incomes. Rental affordability has similarly declined, with rent now consuming 25.3% of household income compared to 23.4% in 2016.

    Resident Demographic Profile

    The age profile is notably skewed towards younger children: under-15s account for 29.1% of the population, nearly double the national average, suggesting large families and a young demographic base. The housing tenure is dominated by social rented accommodation at 38.4%, more than twice the national share, reflecting the area's character as a social housing-dependent community. Employment is weighted heavily towards elementary occupations (20.8%) and plant/machine roles (14%), well above national norms, while professional employment at 10.8% is only about half the national average.

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