Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Oldham and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 12 number of properties that are sold.
How many HMOs are licenced in the city of Oldham on Rightmove?
The average asking price for a House in Multiple Occupation (HMO) in Oldham is no relevant data for this city. Understanding this information is essential for anyone interested in saving some money on rent because Houses of Multiple Occupancy tend to be cheaper to rent than any other type of property.
By opting for shared living arrangements within a HMO, you can also get an ensuite in your room too. The average price of a room with an ensuite in a HMO in the city of Oldham is £522 and there are also nan in the area in total. This number of licenced HMO properties should be looked at in relation to the fact there are 56,000 properties that are licenced in the whole of the UK so you can see how much this area contains.
By analysing Rightmove in Oldham, is there a lot of green, outdoor space?
Green space is a vital element that is often compromised in different locations, hindering its availability. For instance, urban areas frequently fall short of the recommended benchmark of 6 acres of green space per thousand people. In Oldham, the available data reveals that there are 13.9 acres of green space per thousand residents. For health reasons, there should be 6 acres.
On Rightmove in Oldham, what properties are available to rent?
Not everyone wants to buy a house, in the below headings, we go over what is useful to know when renting a property instead. Consider paying letting agents fees if you don’t want to find tenants yourself. Also, once you have researched your area in detail, make sure you have the right AST to sign them with.
Analysing the rate of education in Oldham from Rightmove
If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £37,967.50 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Oldham’s demographics also reveal a population of 280901 individuals and a percentage of people with degrees falling at 20%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.
What is the level of Rightmove affordable housing and social rent in Oldham?
Not everyone is inclined to purchase a house and in fact, some people are actually struggling with renting to the extent that they have to rent from the government. According to data scraped from Rightmove and listing portals that are popular in the UK, 11% of individuals in Oldham rely on government rent and the average household income in the district is £37,967.50.
Always visit an area too to find out what the area is truly like and compare these figures to the national averages of 22.6% (on social rent) and £34,000 (in household earnings per year). Most people prefer to live amongst people where their incomes are similar.
If you are a tenant, perhaps move in as a lodger in an excluded tenancy agreement instead of as an assured tenant. While you have fewer rights, a tenancy may be easier to secure.
In Oldham, what does the property sales data look like based on Rightmove?
What are properties sold for on average on Rightmove?
Using Rightmove, there is an average sold price of property that is £163,977 in Oldham. The average sold price provides a benchmark for understanding property values in the area and you may want to look at a more detailed overview of individual types of property below.
|Property category||Average price of property|
Linking rental yields with Rightmove property listings in Oldham
Rental yield is simply the annual amount of rent that is made from a property after expenses calculated as a percentage. As of 2023, the yield of Oldham is £0.
It is a wise idea to compare this figure to the rest of the UK. Areas with extremely high yields can get as high as 10% but on the low end where property is very expensive such as in Chelsea, London, yields can be as low as 1%. So use the figure of £0 for comparison.
Usually, when looking to invest in Oldham, landlords look for a mix of appreciation and high yields but the gains from capital appreciation aren’t realised until the property is sold.
Every month, properties are sold on the platform of Rightmove in Oldham and you can explore the topics below related to sales that give you an overview of the market.
On Rightmove, how many planning permission applications are there based in Oldham?
Applying for planning permission in Oldham is something landlords tend to do if they want to add some value to their home. As of this month, there were 6 planning applications out of the 8,000 that roughly occur every month nationally. In order to further understand this figure, compare how large the population of the area is to this figure too.
The planning success rate of these applications is nan and the higher this is and the greater it is above the average success of 82%, the more likely it is that landlords are conducting easy renovations. This may therefore indicate that if you are looking to invest in property yourself in Oldham too, there is a decent amount of opportunity to buy, renovate and make a profit.
A quick insight into Rightmove property Oldham
In the area of Oldham, Rightmove records consistent sales of 12 properties each month, generating an average yearly turnover of nan. This turnover is just from property sales relative to the properties that there already are and 6% is the population change over ten years.
All of these pieces of data should be looked at as a whole and considered based on what you are looking for as an investor. For example, if an area’s population is declining and their turnover is above average (22%), it could indicate that there are a large number of people moving out of the area.
Sometimes, you aren’t able to find the right property in your area on Rightmove. So, check out if you want to keep looking in your wider UK region of North West by looking at further houses for sale here.
How can property investments be made using Rightmove data?
There is a fair amount of insight that you can gather from the city of Oldham by looking at Rightmove data. You can use all of this data in order to invest properly armed with the right information. To begin, let’s have a look at the most important data that someone looks for when evaluating an investment in the area, £0 is the average rental yield and the average asking rent is £884.
The average for these figures are 4.4% and £1,143 respectively. You can make an investment work in any area and there is even less you won’t have to worry about these figures if you are buying to live in this home. So, look at the below figures with an element of reason and be prepared to make changes to the rent using a
section 13 rent increase as a landlord if there are changes in the economy and the cost to run a property goes up.
|Number of bedrooms||Average asking rent|
|2||no relevant data for this city|
|3||no relevant data for this city|
|4||no relevant data for this city|
|5||no relevant data for this city|
Frequently asked Questions
Uncover the typical property asking price in Oldham through Rightmove data.
Currently, the average worth of a property in the UK stands at £286,000. Focusing locally on Oldham, the mean selling price for houses in the area is £163,977. You can look at these two numbers and see if the price in the area is higher or lower than what is the average figure for the rest of the UK.
When utilising Rightmove for finding property in Oldham, are there any charges to consider?
Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)
Based on Rightmove’s information, what’s the level of criminal activity in the Oldham area?
The ongoing crime rate in Oldham indicates 2900% instances for every 1000 citizens.
According to online listings, what’s the count of property transactions per month in Oldham?
12 properties are sold in the area every month. A figure you should pay attention to, particularly if you are an investor looking to
According to Rightmove, what’s the mean price of a three-bedroom property in Oldham?
The mean asking price for a property featuring three bedrooms stands at no relevant data for this city.