marketcodeAsking rent
£1,031 a month 12 months to Jul 2026
308 lets
Postcode district
OL16 rental market
Asking rent £1,031 a month · Gross yield 5.1% · 12 months, listings to Aug 2026
What is OL16?
- Buildings
- 14,871
- Mixed-use buildings
- 1.1%
- HMO-shaped units
- 0.0%
What does OL16 earn?
OL16: asking rent £1,031 a month (12 months to Jul 2026, 308 lets).
Gross yield, asking basis
5.1% 12 months to Aug 2026
518 lets
-5.2% on the previous 12 months.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
151 on 20 Sep 2026
How does OL16 vary by home size?
Asking rent in OL16 runs from £880 a month for 1 bedroom to £1,236 a month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £880 a month | 12 months to Aug 2026 | +12.3% on the previous 12 months | 149 |
| 2 bedrooms | £1,023 a month | 12 months to Aug 2026 | +13.3% on the previous 12 months | 214 |
| 3 bedrooms | £1,236 a month | 12 months to Aug 2026 | +2.2% on the previous 12 months | 133 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, over the last 12 observed months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns OL16?
Corporate landlords hold 91% of the 1,035 units in OL16 whose freeholder is classified; 95% of all units are not yet classified.
- Corporate landlords91% of classified · 944 units
- Individuals (not traceable in bulk)4.8% of classified · 50 units
- Housing associations3.1% of classified · 32 units
- RMC0.7% of classified · 7 units
- Offshore companies0.2% of classified · 2 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does OL16 rank?
OL16 ranks 2nd of 5 postcode districts in Rochdale for asking rent, at £1,031 a month.
Asking rent · postcode districts in Rochdale
OL16 ranks 2nd of 5 postcode districts in Rochdale for asking rent, at £1,031 a month.
| # | Area | Asking rent | Sample | Tier |
|---|---|---|---|---|
| 1 | M24 | £1,134 a month | 283 | measured |
| 2 | OL16 | £1,031 a month | 308 | measured |
| 3 | OL11 | £1,027 a month | 237 | measured |
| 4 | OL15 | £976 a month | 84 | indicative |
| 5 | OL10 | £945 a month | 173 | measured |
Full table: asking rent across postcode districts in Rochdale →
Gross yield, asking basis · postcode districts in Rochdale
OL16 ranks 2nd of 5 postcode districts in Rochdale for gross yield, asking basis, at 5.1%.
| # | Area | Gross yield, asking basis | Sample | Tier |
|---|---|---|---|---|
Where next from OL16?
- RochdaleThe wider market this area sits in.
- M24Neighbouring postcode district · £2,626/m²
- OL10Neighbouring postcode district · £2,811/m²
- OL11Neighbouring postcode district · £2,862/m²
- OL15Neighbouring postcode district · £4,107/m²
- HX6Next door, in another authority · £2,639/m²
- OL12Next door, in another authority · £2,876/m²
- OL2Next door, in another authority · £2,868/m²
- OL3Next door, in another authority · £4,145/m²
- OL1Next door, in another authority · £2,883/m²
- HD7Next door, in another authority · £2,868/m²
- Homes for sale in OL16Live sale listings, the same place and cohort.
- Homes to rent in OL16Live lettings, the same place.
- Completed sales in OL16Registered completions, newest first.
- Planning applications in OL16Applications and decisions on record.
- Buildings in OL16Every building with its units, parcel and freeholder.
- Land in OL16Parcels, titles and adjacent ownership.
- Properties in OL16Every addressable home with its floor area, tenure and last sale.
- Estate agents in OL16
Questions about OL16
- What is the average rent in OL16?
- Homes to let in OL16 asked a median £1,031 a month over the 12 months to Jul 2026, 308 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in OL16?
- 5.1% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Aug 2026, 518 lets. -5.2% on the previous 12 months.
Where these figures come from
| Figure | Dataset | Window | Last month | Sample |
|---|---|---|---|---|
| Asking rent | MarketCode market evidence | 12 months to Jul 2026 | Jul 2026 | 308 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Aug 2026 | Aug 2026 | 518 lets |
| Homes to rent | portal listings; observed forwards from 5 Sep 2026 | on 20 Sep 2026 | 20 Sep 2026 | — |