Mortgages · Oldham

Mortgages in Oldham. The typical home needs £21,721 down.

The average home in Oldham is £217,214 in the UK House Price Index for August 2026, up 4.6% on a year earlier. With a 10% deposit of £21,721, you would borrow £195,493.

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Mortgages in Oldham: a mortgage adviser Homie with a key and a clipboard by a sold sign

£217,214average home, UK HPI
£21,72110% deposit
£43,443household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Oldham, in 30 seconds

The price: The average home in Oldham is £217,214.
The deposit: 10% is £21,721. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £195,493 loan needs roughly £43,443 a year, alone or jointly.
The advice: A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Oldham house prices since 2016

From £116,972 to £217,214. Up 33.4% over five years.

Average price each year to August 2026, Oldham.

Nearby

How Oldham compares with its neighbours

Average home in each council area, with the change over five years.

Altrincham £393,897+22.8%
Manchester £256,760+22.8%
Bury £243,107+21.4%
Oldham £217,214+33.4%
Bolton £203,951+26.5%
Leigh £194,393+26%

FAQ

Mortgages in Oldham: your questions

How much deposit do I need to buy in Oldham?

At the average price of £217,214, a 10% deposit is £21,721 and 5% is £10,861. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Oldham?

With 10% down on the average home, the loan is £195,493. At 4.5 times income that means around £43,443 a year. Each lender sets its own limits, so treat this as a starting point.

Have Oldham house prices gone up?

Over five years the average home is up 33.4%, and over the last year it is up 4.6%.

How do Oldham house prices compare with nearby towns?

The average home in Oldham is £217,214. It costs more in Altrincham (£393,897) and Manchester (£256,760). It costs less in Bolton (£203,951) and Leigh (£194,393).

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