OL8 1BU is a residential postcode situated on Pellowe Road, Oldham, OL8 with 12 addresses.
It ranks as the 544th largest and 41st most expensive of the 1,657 postcodes in the OL8 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
OL8 1BU is a residential postcode situated on Pellowe Road, Oldham, OL8 with 12 addresses.
It ranks as the 544th largest and 41st most expensive of the 1,657 postcodes in the OL8 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 12 properties: 12 flats.
Sale prices range from £83,068 for 2 bedroom leasehold flats (575 ft2) to £85,531 for 2 bedroom leasehold flats (624 ft2) .
Monthly rental prices range from £723 pcm for 2 bed flats to £735 pcm for 2 bed flats.
The gross rental yield is between 10.1% and 10.6%.
The average value per square foot is £140.
The last sale in OL8 1BU sold for £87,000 on 27th June 2025. Since then prices are up an average of 2.5%.
The current average value in the postcode is £84,400.
The OL8 1BU Sales Market has increased by 74.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £84,400 |
| April 2025 | 5.6% | £81,971 |
| April 2024 | 2.3% | £77,654 |
| April 2023 | 3.3% | £75,919 |
| April 2022 | 13.9% | £73,513 |
| April 2021 | 11.3% | £64,529 |
| April 2020 | 4.9% | £57,953 |
| April 2019 | 7.1% | £55,231 |
| April 2018 | 2% | £51,574 |
| April 2017 | 4.7% | £50,562 |
| April 2016 | -0.8% | £48,302 |
| April 2015 | 2.4% | £48,699 |
| April 2014 | 4.1% | £47,562 |
| April 2013 | 0.2% | £45,684 |
| April 2012 | -7.3% | £45,612 |
| April 2011 | -0.1% | £49,196 |
| April 2010 | -0.7% | £49,267 |
| April 2009 | -19% | £49,602 |
| April 2008 | -0.7% | £61,201 |
| April 2007 | 0% | £61,662 |
The current average rental value in the postcode is £727.
The OL8 1BU Rental Market has increased by 76.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £727pcm |
| April 2025 | 5.9% | £708pcm |
| April 2024 | 13.3% | £669pcm |
| April 2023 | 11.4% | £590pcm |
| April 2022 | 9.3% | £530pcm |
| April 2021 | 6% | £485pcm |
| April 2020 | 3.7% | £457pcm |
| April 2019 | 1.5% | £441pcm |
| April 2018 | 4.2% | £435pcm |
| April 2017 | 1.4% | £417pcm |
| April 2016 | 2.2% | £412pcm |
| April 2015 | 2.8% | £403pcm |
| April 2014 | 1.8% | £392pcm |
| April 2013 | -1% | £385pcm |
| April 2012 | 0.4% | £389pcm |
| April 2011 | 1.4% | £387pcm |
| April 2010 | -1.7% | £382pcm |
| April 2009 | -5.5% | £389pcm |
| April 2008 | -0.9% | £411pcm |
| April 2007 | 0% | £415pcm |
The last sale was on 27th June 2025 for £87,000 and since then the market in the area has increased by 2.5%. The postcode has had a total of 20 sales since 1995.
OL8 1BU has seen 1 sale in the last three years and 1 sale in the last twelve months.
OL8 1BU is the 544th largest and the 41st most expensive postcode out of the 1,657 postcodes in the OL8 area.
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The closest station to OL8 1BU is Moston station which is 3.7 kilometres away.
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