Properties to rent in OL5

Frequently asked questions about renting in OL5

What is the average rent in OL5?

There are only 3 homes to rent in OL5 itself, so these figures cover the 85 homes to rent within 3 km. The average rent for a home within 3 km of OL5 is £1,125 a month. A few very expensive homes pull that average up, so a more typical rent is £995 a month.

How much is a 2 or 3 bedroom home to rent in OL5?

A typical 2-bedroom home within 3 km of OL5 rents for £940 a month and a 3-bedroom home £1,200 a month. So the extra bedroom adds about £265 a month. 1-bedroom homes rent for around £850 a month, and 4-bedroom homes rent for about £1,875 a month.

What is the price range of rental homes in OL5?

Most rents within 3 km of OL5 are between £805 and £2,015 a month, leaving out the very cheapest and most expensive. One in five rents for less than £900 a month, and one in five £1,300 a month or more.

How many homes are available to rent in OL5?

There are 3 homes to rent in OL5 on Houses right now, plus 3 already let agreed. Within 3 km there are 85, and the listings on this page include the nearest of them. 81 new listings came onto the market within 3 km in the last 30 days.

Are rents going up in OL5?

They are holding steady. Homes put up to rent within 3 km of OL5 over the last 12 months were advertised at a typical £950 a month, about the same as the year before (£950 a month). By size, 1-bedroom homes are up 7% and 4-bedroom homes are up 9%.

How quickly do rental homes let in OL5?

Within 3 km of OL5, most rental homes are let or taken off the market within about 3 weeks. About 62% go within the first month.

What rental yield can I get in OL5?

About 7.3% gross for flats and 6.0% for houses. That compares typical rents with what flats and houses actually sold for within 3 km of OL5 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in OL5?

Terraced houses are the most common, about 5 in 10 homes to rent within 3 km of OL5. Flats and apartments come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £895 a month, and detached houses the most expensive, at about £1,800 a month.

Where is it cheaper to rent near OL5?

Of the areas around OL5, OL1 is the cheapest, with a typical rent of £850 a month, followed by OL4 (£940 a month) and OL6 (£950 a month).

Are rental homes in OL5 furnished?

Only a few rental homes within 3 km of OL5 that say so are furnished, and the rest come unfurnished.

What are the schools like in OL5?

There are 5 primary and 1 secondary schools in OL5. 100% of those inspected by Ofsted were rated good or outstanding.

Which train stations are in or near OL5?

Stations in OL5 include Mossley (Greater Manchester).