Properties to rent in OL3

Frequently asked questions about renting in OL3

What is the average rent in OL3?

There are only 6 homes to rent in OL3 itself, so these figures cover the 238 homes to rent within 3 km. The average rent for a home within 3 km of OL3 is £1,175 a month. A few very expensive homes pull that average up, so a more typical rent is £1,050 a month.

How much is a 2 or 3 bedroom home to rent in OL3?

A typical 2-bedroom home within 3 km of OL3 rents for £950 a month and a 3-bedroom home £1,210 a month. So the extra bedroom adds about £260 a month. 1-bedroom homes rent for around £750 a month, and 4-bedroom homes rent for about £1,900 a month.

What is the price range of rental homes in OL3?

Most rents within 3 km of OL3 are between £700 and £4,315 a month, leaving out the very cheapest and most expensive. One in five rents for less than £900 a month, and one in five £1,400 a month or more.

How many homes are available to rent in OL3?

There are 6 homes to rent in OL3 on Houses right now, plus 4 already let agreed. Within 3 km there are 238, and the listings on this page include the nearest of them. 218 new listings came onto the market within 3 km in the last 30 days.

Are rents going up in OL3?

Yes. Homes put up to rent within 3 km of OL3 over the last 12 months were advertised at a typical £1,050 a month, 5% higher than the year before (£1,000 a month). By size, 1-bedroom homes are up 5%, 3-bedroom homes are up 2% and 4-bedroom homes are up 6%.

How quickly do rental homes let in OL3?

Within 3 km of OL3, most rental homes are let or taken off the market within about 3 weeks. About 67% go within the first month. Flats go faster, in about 2 weeks against about 3 weeks for houses.

What rental yield can I get in OL3?

About 7.9% gross for flats and 6.1% for houses. That compares typical rents with what flats and houses actually sold for within 3 km of OL3 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in OL3?

Terraced houses are the most common, about half of homes to rent within 3 km of OL3. Flats and apartments come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £925 a month, and detached houses the most expensive, at about £1,800 a month.

Where is it cheaper to rent near OL3?

Of the areas around OL3, OL1 is the cheapest, with a typical rent of £800 a month, followed by OL2 (£900 a month) and SK15 (£900 a month).

Are rental homes in OL3 furnished?

About 2 in 10 rental homes within 3 km of OL3 that say so are furnished, and the rest come unfurnished.

What are the schools like in OL3?

There are 8 primary and 1 secondary schools in OL3. 100% of those inspected by Ofsted were rated good or outstanding, and 1 was outstanding.

Which train stations are in or near OL3?

Stations in OL3 include Greenfield.