South Oxfordshire Property Market Stagnates in 2016

28. September 2017 09:38 / VInsights Team / South East England / Comments (0)

Story Highlights 

  • South Oxfordshire had total property sales of £1.2 billions in 2016
  • The average sales price was £492 K, whereas the median was £365 K
  • New Property sales were 8.99% by value, whereas Not New Property contributed 91.01%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes did not have negative impact.

 

South Oxfordshire is one of the districts of Oxfordshire.

Total Sales By Property Type

South Oxfordshire - Total Sales By Property Type

South Oxfordshire had total property sales of £1.2 billions which was 25.28% of the total Oxfordshire Property Market 2016

The split of £1.2 billions across the different property types are:

  • Detached £522 millions (43,92%)
  • Semi-Detached £253 millions (21.25%)
  • Terraced £218 millions (18.36%)
  • Flat/Maisonette £88 millions (7.38%)
  • Other £108 millions (9.09%)

 

South Oxfordshire Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
OX3 North East Oxford, Beckley, Headington, Marston, Elsfield, Noke, Woodeaton, Woodperry Details Oxford, South Oxfordshire, Cherwell
OX4 East Oxford, Cowley, Blackbird Leys, Littlemore Sandford-on-Thames, Iffley, Rose Hill Details Oxford, South Oxfordshire
OX9 Thame, Postcombe, Towersey, North Weston Details South Oxfordshire
OX10  Wallingford, Berinsfield, Cholsey, Dorchester Details South Oxfordshire 
OX11  Didcot, Blewbury, Harwell, Chilton, Aston Tirrold, Aston Upthorpe, South Moreton, Upton Details South Oxfordshire, Vale of White Horse
OX14  Abingdon, Appleford-on-Thames, Burcot, Clifton Hampden, Culham, Drayton, Little Wittenham, Long Wittenham, Radley, Milton, Sutton Courtenay Details Vale Of White Horse, South Oxfordshire
OX33  Wheatley, Forest Hill, Holton, Horspath, Horton-cum-Studley, Littleworth, Milton Common, Stanton St. John, Waterperry, Waterstock, Woodperry Details South Oxfordshire, Cherwell
OX39  Chinnor, Sydenham, Kingston Blount, Crowell, Henton, Emmington Details South Oxfordshire
OX44  Ascott, Chalgrove, Chippinghurst, Chiselhampton, Cuddesdon, Denton, Garsington, Great Haseley, Great Milton, Little Baldon, Little Haseley, Little Milton, Marsh Baldon, Nuneham Courtenay, Stadhampton, Toot Baldon Details South Oxfordshire
OX49  Watlington, Lewknor, Aston Rowant, Pyrton, Brightwell Baldwin, Britwell Salome, Cuxham, Shirburn, Christmas Common, Easington Details South Oxfordshire
RG4  Caversham, Sonning, Sonning Common, Kidmore End, Sonning Eye, Dunsden Green, Mapledurham Details  Reading, South Oxfordshire, Wokingham
RG8  Goring, Streatley, Pangbourne, Whitchurch-on-Thames Details South Oxfordshire, West Berkshire
RG9  Hambleden, Rotherfield Peppard, Turville, Turville Heath, Skirmett, Rockwell End, Mill End, Fawley, Fingest, Frieth, Greenlands, Nettlebed, Shiplake, Henley-on-Thames Details South Oxfordshire, Wycombe

 

 

Month-wise Break-up of Total Sales

South Oxfordshire - Month-wise Break-up of Total Sales

Some of the insights based on the £1.2 billions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £158 millions compared to £81 millions in Feb and then sales sharply drop
  2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

  1. Brexit took place on 23rd June 2016.
  2. Year on Year the property market has stagnated
  3. Brexit coupled with Stamp Duty Hike did not have negative impact on South Oxfordshire Property Market in 2016

 

 

Total No Of Properties Sold By Property Type

South Oxfordshire - Total No Of Properties Sold By Property Type

South Oxfordshire had total property sales of 2,417. The split across the different property types are:

  • Detached 763 (31.57%)
  • Semi-Detached 659 (27.27%)
  • Terraced 606 (25.07%)
  • Flat/Maisonette 324 (13.41%)
  • Other 65 (2.69%)

 

 

Average & Median Sales Price

South Oxfordshire - Average & Median Sales Price

 The average sales price in South Oxfordshire was £492 K and for different property types it was:

  • Detached £685 K
  • Semi-Detached £383 K
  • Terraced £360 K
  • Flat/Maisonette £271 K
  • Other it is £1.7 millions 

Similarly median sales price in South Oxfordshire was £365 K and for different property types are:

  • Detached £560 K
  • Semi-Detached £341 K
  • Terraced £310 K
  • Flat/Maisonette £230 K
  • Other it is £700 K

 

 

New Vs Not New Property Statistics

South Oxfordshire - New Vs Not New Property Statistics

 By Sales Value the split is as follows:

  • New Property contributed £107 millions (8.99%)
  • Not New Property contributed £1.1 billions (91.01%)

By Total Number the split is as follows:

  • New properties sold were 238 (9.85%)
  • Not new property sold were 2,179 (90.15%)

 

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