What You Need to Earn to Buy in OL8

The median home in OL8 sold for £149,000. To buy at that price you'd typically need a household income of about £28,000 — based on a 15% deposit and a 4.5× income multiple. Prices are not enough recent sales to show a trend.

Deposit needed to buy in OL8

Deposit %	Deposit £	Mortgage needed
5%	£7,450	£141,550
10%	£14,900	£134,100
15%	£22,350	£126,650
25%	£37,250	£111,750

A typical mortgage on the £149,000 median (85% LTV, 4.5% over 25 years) costs around £704/month. Based on 357 Land Registry sales.

Common questions about buying in OL8

What salary do you need to buy a house in OL8?

The median home in OL8 sold for £149,000. With a 15% deposit and a typical 4.5× income multiple, you'd need a household income of about £28,000 to buy at that price. Higher-multiple lenders can reduce the income required — check your own figure with the affordability calculator.

How much is a typical mortgage payment in OL8?

Borrowing £126,650 (85% of the £149,000 median) at 4.5% over 25 years works out at roughly £704 a month on a repayment basis.

How much deposit do you need to buy in OL8?

On the £149,000 median price, a 5% deposit is £7,450 and a 10% deposit is £14,900. A larger deposit usually unlocks lower rates.

Are house prices in OL8 rising or falling?

Based on the latest Land Registry sold prices, prices in OL8 are not enough recent sales to show a trend, across 357 recorded sales.

Can you afford to buy in OL8?

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