Rental yields›Oldham
Rental yield in Oldham
Oldham sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Oldham rose 5.1% and average rents rose 11%.
Gross yield
5.2%
Average price
£214,850
↑ +5.1% / yr
Average rent
£931/mo
↑ +11% / yr
National rank
#58 of 316
Who rents here
Census 2021, 93,140 households
17.7% of homes in Oldham are private rentals.
Average rent by size
1 bedroom
£694/mo
↑ +10.9% / yr
2 bedrooms
£868/mo
↑ +11.2% / yr
3 bedrooms
£1,054/mo
↑ +11.2% / yr
4+ bedrooms
£1,437/mo
↑ +10.1% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
Council tax bands (2026-27)
Band A
£1,735
Band B
£2,024
Band C
£2,313
Band D
£2,602
Band E
£3,180
Band F
£3,758
Band G
£4,337
Band H
£5,204
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
Work out the yield on a specific property
Pre-filled with the Oldham average. Change them for a real property.
That is right on the Oldham average of 5.2%. Add costs for a net estimate.
How it compares
Areas with a similar yield
Common questions
Is Oldham a good place to buy to let?
It is around the middle for rental income, at a 5.2% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Oldham?
Over the past year, average rents in Oldham rose 11% and average prices rose 5.1% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Oldham?
Rent movement is the best free proxy for tenant demand, and average rents in Oldham rose 11% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 17.7% of Oldham's 93,140 households rented privately (21.2% social rented, 60.4% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Oldham?
As of 2026-07, average monthly rents in Oldham by property size are £694 for a 1 bedroom property, £868 for a 2 bedroom property, £1,054 for a 3 bedroom property, £1,437 for a 4 or more bedroom property (ONS). The all-size average is £931 a month.
How much is council tax in Oldham?
In 2026-27, the average Band D council tax in Oldham is £2,602 a year including police and other precepts. Bills scale with the property's band: from £1,735 for Band A up to £5,204 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Oldham is at 5.2%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.