17 august 2017 property weekly

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Thursday, August 17 - Wednesday, August 23, 2017

www.oxfordpropertyweekly.co.uk

This property showcased courtesy of Davis Tate Goring. To see the property details, see inside.

Oxfordshire’s largest independently verified property newspaper - 22,307 copies DU

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Country style furniture Beautiful country lighting Mirrors and accessories Curtain and blinds made to measure in store

Decorus 66 High street Witney OX28 6HJ www.decor-us.co.uk 01993 773734

42 Thursday, August 17 - Wednesday, August 23, 2017

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Five-bedroom listed character cottage sits on large plot with 44ft outbuilding

A CHARMING Grade II listed cottage, believed to date from the 17th century, has come on the market in the pretty village of Aston Upthorpe.

Originally two cottages and converted by the current owners, the property offers tremendous character, with original features throughout.

The house has five bedrooms and four reception rooms. Set on a west facing plot of approximately .42 acres, there is also a 44 ft barn/outbuilding.

For more details contact the Goring office of agents Davis Tate.

ÂŁ1,250,000

What is happening with house prices in the Oxford area?

Bill Cooper, co-author of The Oxford Property Blog and managing director of Martin and Co, Oxford

IN my article last week, I promised to widen the net of my research to see whether there was a noticeable trend in the way house prices around Oxford are currently performing. The table, right, summarises the findings of my research, using Rightmove data for houses sold that were listed on Rightmove over the last 12 months.

The recent reports by the Royal Institution of Chartered Surveyors (RICS) states that the slowdown in the housing market is spreading from London to other parts of South East England. It also observes that the most expensive homes are particularly likely to have seen cuts in asking price before being sold. RICS points to a series of changes to tax policy which has particularly impacted buy-to-let investment, and a continued lack of new-build properties weighing on the market. Other commentators have pointed to stamp duty discourag-

ing older owner-occupiers from down-sizing as another drag on house availability.

Looking at Oxford specifically, there is evidence that the most expensive parts of Oxford are under-performing. The notable exception being Cumnor, where some new build and strong activity have impacted the overall trend for that part of town. While overall, there is a stronger trend of house price growth in the parts of Oxford which are below City average values, it is a very mixed picture. Headington, Blackbird Leys and Greater Leys have outperformed the City average while Wolvercote, Marston and Cowley are close to the overall average, with Botley and Barton performing particularly poorly when compared to the prior 12-months.

Of course, when looking at data like this it is important to consider the local factors that could have affected housing prices. For

example, Wolvercote has recovered from a negative position 12 months ago, reflecting the completion of road works that had dragged on prices. Barton, may well be experiencing some drag due to the new houses coming on stream, causing people to delay their move waiting for the new stock to come on stream, or avoiding the area due to the works.

Overall, there is some evidence that it will be the top end of the property market in Oxford that

will feel the pinch earliest. And, as I have commented over the last months, Oxford is experiencing a 19 per cent reduction in house sale transactions, and continues to suffer from an under-supply of new build homes. There are some vendors who are also disregarding the price sensitivity in the market, holding-out for unrealistic offers, in a market that has become far more price sensitive.

Across these parts of Oxford the average increase in house

prices over the last seven years is 14.9 per cent, which rises to 18 per cent if Boars Hill is removed from the calculation. Oxford as a whole has averaged 20 per cent increases since 2014.

In summary, it is far too soon to panic, but vendors need to be realistic with the price they ask making sure they benchmark well with comparable properties on the market. For more thoughts on the Oxford property market visit www.OxfordPropertyBlog.co.uk

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Thursday, August 17 - Wednesday, August 23, 2017 43

www.oxfordpropertyweekly.co.uk

Andrews

Abingdon

01235 888393

NEW

Whitecross

£435,000

Steventon

£335,000

Three bedroom detached bungalow with 53' enclosed south-westerly rear garden. EPC rating D.

Fyfield £950,000

Nestled in the heart of this picturesque Oxfordshire village, is this exquisite double fronted, five bedroom detached cottage. This property has been substantially yet sympathetically extended and renovated by the current owners to create a superb and stylish home. Awaiting EPC.

A quintessentially charming three bedroom character cottage with parking in Steventon Village.

EPC rating D.

NEW PRICE

Abingdon

£465,000

Abingdon

£239,950

Grade II Listed four bedroom home situated in the heart of Abingdon-on-Thames, within 400 feet of the market place.

Tucked away and offering its own private entrance, this two bedroom apartment has the unique advantage of its own garden. EPC Rating D.

Abingdon £425,000

Open everyday 12 hours in-branch, 24 hours online at Andrewsonline.co.uk

Stunning three storey, three bed town house within 0.5 miles of Abingdon Town centre. EPC Rating D.

To view more properties and other services available visit Andrewsonline.co.uk

44 Thursday, August 17 - Wednesday, August 23, 2017

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More than just lettings...

ABINGDON

3 BED

ABINGDON

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ST

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1 BED

NEWLY REFURBISHED 1 bedroomed first floor apartment with its own garage and parking space is ideal for a Pied a Terre or for first time buyers. Renewed lease for 999 years.

Spacious well presented 3 bedroomed house in South Abingdon. Offered with no onward chain, close to local amenities. It benefits from a 19ft lounge and a refitted open plan kitchen/diner. £269,950

£199,995

ABINGDON TOWN CENTRE

3 BED

ABINGDON

IN

V O EST N O LY RS

3 BED

MODERN & VERY LARGE, 3 DOUBLE BEDROOM apartment in the heart of Abingdon TOWN CENTRE. Minutes walk to local bus links and local amenities. Ideal investment opportunity. New service charge rates. £260,000

INVESTMENT OPPORTUNITY. This mid terrace house has long term tenants in situ. Quite cul de sac located over looking the River Ock within easy walk of Abingdon town centre. Garage in block and parking space. £290,000

Martin & Co Abingdon 8-10 West St. Helen Street • Abingdon • Oxfordshire • OX14 5BL

01235 524300 www.martinco.com • abingdon@martinco.com

More than just lettings...

2 BED

A recently CONVERTED two bedroom DETACHED CHALET BUNGALOW with superb views. The property is located in the village of SUTTON COURTENAY with excellent access for MILTON PARK, DIDCOT and ABINGDON. £950 PCM

ABINGDON

A ground floor MAISONETTE located within walking distance to DIDCOT TOWN CENTRE. The property offers spacious accommodation and has its own enclosed paved GARDEN. Ample off road parking. £850 PCM

4 BED

DRAYTON, ABINGDON

BI SH FU RR RE MODERN and SPACIOUS 2 bedroom HOUSE located in this desirable and quiet location. The property is within walking distance of ABINGDON TOWN CENTRE and offers excellent bus links to OXFORD and DIDCOT. £1,100 PCM

Martin & Co

let a property every...

ED

2 BED

DIDCOT

PR N O EW PE RT Y

SUTTON COURTENAY

PR N O EW PE RT Y

2 BED

REFURBISHED to a HIGH STANDARD this gorgeous 4 bedroom extended SEMI DETACHED HOUSE located in the quiet village of DRAYTON ABINGDON. VIEWINGS HIGHLY RECOMMENDED. £1,650 PCM

Martin & Co Abingdon 8-10 West St. Helen Street • Abingdon • Oxfordshire • OX14 5BL

01235 524300 www.martinco.com • abingdon@martinco.com

Isn’t it time you switched agents?

minutes. *

*7 minutes has been calculated using the total number of lets Martin & Co completed in 2012 divided by a 312 day year (52 weeks x 6 working days per week) and a 9 hour trading day (our office opening hours).

www.oxfordpropertyweekly.co.uk

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Computer generated image of the entrance to Mosaics

Launching 9th & 10th September 2017, Mosaics is the natural choice for anyone seeking the comforts of modern city living within a relaxed countryside setting.

Offering a wide variety of new homes, from one bedroom apartments to detached family houses, Mosaics combines highly specified interiors with intelligently designed exteriors, for a contemporary lifestyle.

Starting prices:

1 bed apartments from £295,000 2 bed apartments from £360,000 3 bedroom houses from £595,000

Register your interest: 01865 950199 www.mosaicsoxford.co.uk Follow us for the latest news:

@MosaicsOxford

@Mosaics_Oxford

Mosaics_Oxford

*Help to Buy is subject to terms and conditions. Prices correct at time of print.

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HOME WEEK OF THE

THE LOCKWOOD - PLOT 75 - ÂŁ293,995 3 bedroom home with open-plan kitchen, dining room and living room. Flooring included throughout and turf to the rear garden.

Ready for immediate occupation.

The photography is of The Lockwood. We reserve the right to vary the specification. Details are correct at time of print, August 2017.

Terms and conditions apply.

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