Properties to rent in OL16

Frequently asked questions about renting in OL16

What is the average rent in OL16?

The average rent for a home in OL16 is £1,000 a month. A typical home, the one in the middle of the range, is £995 a month. This is based on the 35 homes to rent on Houses right now.

How much is a 2 or 3 bedroom home to rent in OL16?

A typical 2-bedroom home in OL16 rents for £895 a month and a 3-bedroom home £1,125 a month. So the extra bedroom adds about £230 a month.

What is the price range of rental homes in OL16?

Most rents in OL16 are between £735 and £1,280 a month, leaving out the very cheapest and most expensive. One in five rents for less than £850 a month, and one in five £1,200 a month or more.

How many homes are available to rent in OL16?

There are 23 homes to rent in OL16 on Houses right now, plus 8 already let agreed. 67 new listings came onto the market in the last 30 days.

Are rents going up in OL16?

They are holding steady. Homes put up to rent in OL16 over the last 12 months were advertised at a typical £975 a month, 0.5% higher than the year before (£970 a month). By size, 2-bedroom homes are down 22%, 3-bedroom homes are up 7% and 4-bedroom homes are down 5%.

How quickly do rental homes let in OL16?

Most rental homes are let or taken off the market within 14 days. About 78% go within the first month. Flats go faster, in 10 days against about 3 weeks for houses.

What rental yield can I get in OL16?

About 9.9% gross for flats and 5.4% for houses. That compares typical rents with what flats and houses actually sold for in OL16 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in OL16?

Flats and apartments are the most common, about 4 in 10 homes to rent in OL16. Terraced houses come next, followed by semi-detached houses. Terraced houses are the cheapest, at about £895 a month, and flats and apartments the most expensive, at about £1,035 a month.

Where is it cheaper to rent near OL16?

Of the areas around OL16, OL15 is the cheapest, with a typical rent of £840 a month, followed by OL1 (£850 a month) and OL11 (£925 a month). OL16 itself is £995 a month.

Are rental homes in OL16 furnished?

About half of rental homes in OL16 that say so are furnished, and the rest come unfurnished.

What are the schools like in OL16?

There are 11 primary and 3 secondary schools in OL16. 81% of those inspected by Ofsted were rated good or outstanding.

Which train stations are in or near OL16?

Stations in OL16 include Smithy Bridge and Rochdale.