Rental yields›North West›Oldham
Rental yield in Oldham
Rents in Oldham rose 12.5% in the year to August 2026, the third fastest rise in England.
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 4.7% and average rents rose 12.5%.
Average gross yield
5.2%
#61 of 316 areas
Average price
£217,171
▲ 4.7% past year
Average rent
£942/mo
▲ 12.5% past year
Privately rented
17.7%
of 93,140 homes
Average rent by size
1 bedroom
£702/mo
↑ +12.2% / yr
2 bedrooms
£879/mo
↑ +12.7% / yr
3 bedrooms
£1,067/mo
↑ +12.8% / yr
4+ bedrooms
£1,452/mo
↑ +11.6% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
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.
How it compares
Deprivation (IMD 2025)
142 neighbourhoods
37% of Oldham's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
No Article 4 areas for Oldham appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.
Check on the Article 4 map →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.
Nearby areas
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 12.5% and average prices rose 4.7% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Oldham?
Rent movement is the best free proxy for tenant demand, and average rents in Oldham rose 12.5% 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 August 2026, average monthly rents in Oldham by property size are £702 for a 1 bedroom property, £879 for a 2 bedroom property, £1,067 for a 3 bedroom property, £1,452 for a 4 or more bedroom property (ONS). The all-size average is £942 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.
How deprived is Oldham?
On the English Indices of Deprivation 2025, 37% of Oldham's 142 neighbourhoods are in England's most deprived 10%, and 0% are in the least deprived 10%. The typical neighbourhood is in decile 2 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
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 (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.