24 august 2017 property weekly

GROUP

Thursday, August 24 - Wednesday, August 30, 2017

www.oxfordpropertyweekly.co.uk

This property showcased courtesy of Davis Tate. For property details, see inside.

Oxfordshire’s largest independently verified property newspaper - 22,307 copies ST K !

LA EE LE W SA F O

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

34 Thursday, August 24 - Wednesday, August 30, 2017

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Curious to know how much your property is worth?

Visit our website for a free instant online valuation. www.davistate.com/instant-valuation

Prefer a face-to-face valuation?

Contact your local office to arrange a free valuation of your property: Abingdon 01235 526907 Burghfield Common 0118 983 1201 Didcot 01235 818 371 Goring on Thames 01491 873456 Henley on Thames 01491 412345 Pangbourne 0118 984 5333 Reading 0118 958 7979 Shinfield 0118 988 5000 Sonning Common 0118 972 4242 Twyford 0118 934 4433 Wallingford 01491 833323 Wantage 01235 772670 Woodley 0118 969 3969

If you have instructed another agent on a sole agency and/or sole selling rights basis, the terms of those instructions must be considered to avoid a possible liability to pay two commissions. However asking us to visit is FREE. For T&C’s please visit our website www.davistate.com

Thursday, August 24 - Wednesday, August 30, 2017 35

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GOLD GOLD

south east estate south east agency estate agency

2016 2016

me dium agenc y me dium agenc y

UPPER LAMBOURN A stunning individual home set in an elevated position enjoying superb views over paddocks and the rolling Berkshire downs. Four well proportioned bedrooms plus four contemporary bathrooms. EPC Rating D. £995,000 Wantage office 01235 772670

HARWELL A beautiful, newly constructed five bedroom detached residence, built to an exceptional standard, c3150sq ft of internal space. Generous, well thought out accommodation with attached double garage. Awaiting EPC Rating £950,000 Didcot office 01235 818371

RADLEY c161ft rear garden compliments this detached chalet bungalow offering 1600sqft of well-presented accommodation with four double bedrooms, two reception rooms, off road parking and a single garage. EPC Rating D £575,000 Abingdon office 01235 526907

BLEWBURY A beautifully presented 1930s semi detached house in Blewbury.

The property has been tastefully extended and modernised whilst retaining some attractive period features. Available with no onward chain. EPC Rating C £485,000 Didcot office 01235 818371

ABINGDON-ON-THAMES A well-presented modern town house in a good location west of the town centre featuring two reception rooms, a master bedroom with en-suite plus an enclosed garden and parking. EPC Rating B. £475,000 Abingdon office 01235 526907

ABINGDON-ON-THAMES A well presented family home which is in the process of being decorated and is offered with no onward chain. EPC Rating D

WANTAGE A beautiful period property with an extensive rear garden situated within a short walk of the town centre. Two reception rooms, large kitchen, three bedrooms. Potential to extend subject to planning. Awaiting EPC Rating. £395,000 Wantage office 01235 772670

GROVE A substantial detached family home. Three reception rooms, four bedrooms, a large en-suite shower room and spacious family bathroom. Ample driveway parking, garage and a landscaped rear garden. EPC Rating C £360,000 Wantage office 01235 772670

LETCOMBE REGIS A beautiful three bedroom detached cottage situated in this highly desirable Oxfordshire village. Located in a private lane, off road parking for one with a pretty cottage garden to the front. EPC Rating G £350,000 Wantage office 01235 772670

CHILTON A beautifully presented three bedroom town house with garage and parking. Ideally located for the Harwell Science Campus and A34. Available with no onward chain. EPC Rating B £325,000 Didcot office 01235 818371

DIDCOT A beautifully presented Victorian cottage located in a central position within the town. This former railway telegraph office offers a tasteful blend of modern and character features. EPC Rating E £289,950 Didcot office 01235 818371

ABINGDON-ON-THAMES An immaculately presented two bedroom first floor apartment in this popular north Abingdon development. Awaiting EPC Rating

£425,000 Abingdon office 01235 526907

£255,000 Abingdon office 01235 526907

Abingdon 01235 526907 Burghfield Common 0118 983 1201 Didcot 01235 818 371 Goring on Thames 01491 873456 Henley on Thames 01491 412345 Maidenhead 01628 566188 Pangbourne 0118 984 5333 Reading 0118 958 7979 Shinfield 0118 988 5000 Sonning Common 0118 972 4242 Twyford 0118 934 4433 Wallingford 01491 833323 Wantage 01235 772670 Woodley 0118 969 3969

36 Thursday, August 24 - Wednesday, August 30, 2017

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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

Thursday, August 24 - Wednesday, August 30, 2017 37

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Family home within walk of station in Radley offers flexible accommodation

Brief lull in Oxford rent rises looks set to come to a halt Bill Cooper, co-author of The Oxford Property Blog and managing director of Martin and Co, Oxford

RENTS in Oxford for new tenancies fell by 0.4 per cent in the last 12 months (i.e. not existing tenants experiencing rental increases from their existing landlord). When we compare that current rate with the historical rental inflation in Oxford, an interesting pattern emerges: • 2016 - Rental Inflation in Oxford was 5.1 per cent • 2015 - Rental Inflation in Oxford was 9.4 per cent • 2014 - Rental Inflation in Oxford was 3.2 per cent.

The reason behind this change depends on which side of the demand/supply equation you are looking from. On the demand side (from the tenant’s point of view) there is the uncertainty of Brexit and the fact that salaries are not keeping up with inflation for the first time in three years.

Critically, this means tenants have less disposable income to pay their rent. As an aside, it is interesting to note that nationally, rent accounts for 29 per cent of a tenant’s take home pay (Denton House).

On the supply side of the equa-

tion (landlord’s point of view) Brexit also creates uncertainty.

However, the biggest issue was a massive upsurge of new rental properties coming on to the market in late 2016, caused by George Osborne’s new three per cent stamp duty tax for landlords in the first part of 2016. This meant a lot of new rental properties were ‘dropped’ on to the rental market all at the same time.

The greater choice of rental properties for tenants curtailed rental growth/inflation. A slight softening of Oxford property prices has compounded this. Figures from The Bank of England suggested that first time buyers rose over the last 12 months as some were more inclined to buy instead of rent. Together, these factors

AN individual detached family residence set in a no-through lane and on a generous corner plot of approaching half an acre abutting fields to the rear has come on to the market in Abingdon.

The property in Lower Radley boasts flexible accommodation and excellent potential – all within a brisk walk of Radley mainline railway station.

The house comprises: hall, lounge/ diner, conservatory, kitchen, breakfast room, w/c, guest bedroom/family room, master bedroom with en-suite, second bedroom with en-suite and a further double bedroom, family bathroom, and a detached garage.

To arrange a viewing or request further details contact selling agent Davis Tate Abingdon 01235 526907 or e-mail abingdon@davistate.com

played a part in the ongoing moderation of rental growth.

The lead up to the General Election in May didn’t help: after all people don’t like doubt and uncertainty. Whether it be ‘hard’ or ‘soft’ Brexit negotiations (and with the election result the Tories might have to be ‘softer’ on those negotiations) the simple fact is, we aren’t building enough properties for us to live in. Both in Oxford, the South East and the wider UK, long-term population trends imply that rents will soon once again be growing faster than inflation again. Look at the projections by the Office of National Statistics.

Tenants will still require a vibrant and growing rental sector to deliver them housing

options in a timely manner. As the population grows in Oxford, any restriction to the supply of rental properties (brought about by poor returns for landlords) cannot be in the long-term best interest of tenants. Simply put, rents must go up! But, with rents already accounting for 29 per cent of a tenant’s disposable income, the ability for most tenants to absorb a rent increase does exist. It is for this reason, that I believe Government policy which is increasing costs for landlords (removal of mortgage interest rate relief; stamp duty surcharge; and, ban on fees charged to tenants) is short-sighted and poorly considered. For more insight into the Oxford property market visit www.OxfordPropertyBlog.co.uk

Population Estimates for Oxford City Council over the next 20 years 2016 (actual) 2021 2026 2031 2036 161,870 166,412 171,231 176,689 180,045 (2.8%) (+2.9%) (+3.2%) (+1.9%)

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Advertising & General Manager

Editorial 01235 516931

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Tony Harbour 01235 516925

Newspaper House, 4A Hawksworth, Didcot, Oxfordshire OX11 7HR

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38 Thursday, August 24 - Wednesday, August 30, 2017

www.oxfordpropertyweekly.co.uk

More than just lettings...

ABINGDON

3 BED

ABINGDON

IN V O EST N O LY RS

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.

£199,995

3 BED

ABINGDON TOWN CENTRE

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

2 BED

ABINGDON

A MODERN 2 double bedroom APARTMENT benefiting from private access and a paved garden. The property is located with a short walk to Abingdon Town Centre.

£249,950

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...

WANTAGE

A DELIGHTFUL two bedroom APARTMENT situated on the development of Willow Grange, geared for the over 55 years and conveniently situated for local shops and amenities.

£925 PCM

ABINGDON

Well-presented MODERN two bedroom maisonette situated within a half mile radius of the EASTERN BYPASS OXFORD, CHURCHILL and NUFFIELD hospitals and a one mile radius of CENTRAL HEADINGTON. £1,200 PCM

Martin & Co

let a property every...

A extremely WELL PRESENTED 2 bedroom spacious MAISONETTE located in the heart of ABINGDON TOWN CENTRE. The property is situated within a stone throw of excellent bus links for OXFORD and DIDCOT. £995 PCM

4 BED

ABINGDON

PR N O EW PE RT Y

HEADINGTON

PR N O EW PE RT Y

2 BED

2 BED PR N O EW PE RT Y

RE PR TIR O EM PE E RT NT Y

2 BED

A NEWLY comprehensively MODERNISED and tastefully REFURBISHED four bedroom TOWN HOUSE. With grade II listing, the property dates from around the 18th Century with a light bright feel throughout. £1,800 PCM

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).

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

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

Published by Taylor Newspapers Limited, Newspaper House, 4A Hawksworth, Didcot, Oxfordshire OX11 7HR. Telephone 01235 511700. Printed by Iliffe Print Cambridge, Milton, Cambridge CB24 6PP