West Oxfordshire Property Market in 2016 Grows By 9.58%

11. May 2017 09:51 / VInsights Team / South East England / Comments (0)

Story Highlights 

  • West Oxfordshire had total property sales of £743 millions in 2016
  • The average sales price was £407 K, whereas the median was £310 K
  • New Property sales were 7.36% by value, whereas Not New Property contributed 92.64%
  • Stamp duty changes caused monthly spike in March
  • Brexit coupled with Stamp Duty changes did not have negative impact.
  • Year on Year growth has been  9.58% in 2016 over 2015

 

West Oxfordshire is one of the districts of Oxfordshire.

Total Sales By Property Type

West Oxfordshire - Total Sales By Property Type

West Oxfordshire had total property sales of £743 millions which was 15.81% of the total Oxfordshire Property Market 2016

The split of £743 millions across the different property types are:

  • Detached £258 millions (34.72%)
  • Terraced £160 millions (21.55%)
  • Semi-Detached £140 millions (18.81%)
  • Flat/Maisonette £66 millions (8.86%)
  • Other £119 millions (16.06%)

 

West Oxfordshire Property Market at Postcode Level

Postcode Coverage Area School Local Authority Area
GL7 Ampney Crucis, Ampney Knowle, Ampney St. Mary, Amp ney St. Peter, Bagendon, Barnsley, Baunton,Bibury, Calmsden, Cerney Wick, Coates, Coln St. Aldwyns, Daglingworth, Daneway, Down Ampney, Driffield, Dun tisbourne Abbotts, Duntisbourne Leer, Duntisbourne Rouse, Eastleach, Ewen, Harnhill, Hatherop, Honey combe Leaze, Kemble, Kemble Wick, Love Lane Indust rial Estate, Lower Norcote, Marsden, Meysey Hampto n, Middle Duntisbourne, Norcote, North Cerney, Nor th Cerney Downs, Perrotts Brook, Poole Keynes, Pou lton, Preston, Quenington, Rapsgate, Ready Token, Rendcomb, Rodmarton, Sapperton, Shorncote, Sidding ton, Somerford Keynes, South Cerney, Stratton, Tar lton, Tunley, Upper Up, Whiteway, Winson, Winstone , Woodmancote,Dudgrove, Dunfield, Kempsford, Totte rdown, Whelford,Broadwell, Claydon, Claydon Pike, Downington, Filkins, Fyfield, Kelmscott, Kencot, L angford, Little Faringdon, Little London, Southrop , Thornhill, Warrens Cross Details Cotswold, Stroud,Wiltshire,Vale Of White Horse, West Oxfordshire
GL56 Adlestrop, Aston Magna, Barton-on-the-Heath, Batsf ord, Blockley, Bourton on the Hill, Broadwell, Cha stleton, Daylesford, Donnington, Dorn, Draycott, E venlode, Little Compton, Longborough, Lower Leming ton, Oddington, Old Town, Sezincote, Snowshill Hil l, Springhill, Stretton on Fosse, Todenham, Upper Oddington Details Cotswold, Stratford-on-Avon,Tewkesbury, West Oxfordshire
OX5 Kidlington,Yarnton,Begbroke,Tackley,Murcott,Charlt on-on-Otmoor,Fencott,Islip Details Cherwell, West Oxfordshire,Aylesbury Vale
OX7 Chipping Norton,Charlbury,Chadlington,Bledington Details West Oxfordshire,Cotswold
OX15 Bloxham,Drayton,Wroxton,North Newington,South Newi ngton,Swalcliffe,Sibford Gower,Sibford Ferris,Barf ord St Michael,Barford St John,Deddington,Hempton, Broughton,Hornton,Horley,Balscote,Shenington,Alker ton,Wigginton,Milton,Hook Norton,Milcombe,Shutford ,Epwell,Tadmarton,Swerford,Bodicote,Brailes,Edge H ill,Ratley, Upton Details Cherwell,Stratford-on-Avon, West Oxfordshire
OX18 Alvescot,Asthall,Aston,Bampton,Barrington,Black Bo urton, Bradwell,Brize Norton,Burford,Carterton,Chi mney,Clanfield,Cote,Fulbrook,Grafton,Holwell,Lew, Little Clanfield, Radcot,Shilton,Signet,Swinbrook, Taynton, Upper Windrush,Upton,Weald,Westwell,Widfo rd, Windrush Details West Oxfordshire, Cotswold
OX20 Woodstock,Bladon,Glympton,Kiddington, Woodleys,Woo tton Details West Oxfordshire
OX25 Ambrosden,Arncott,Blackthorn, Caulcott,Duns Tew, L ittle Chesterton,Lower Heyford,Merton,Middle Aston ,Middleton Stoney,North Aston,Piddington,Rousham,S omerton,Steeple Aston,Steeple Barton,Upper Heyford ,Wendlebury,Weston-on-the-Green Details Cherwell, West Oxfordshire
OX28 Witney Details West Oxfordshire
OX29 Barnard Gate,Brighthampton,Church Hanborough,Combe ,Crawley,Curbridge,Ducklington,Eynsham,Freeland,Ha iley,Hardwick, High Cogges,Long Hanborough, New Ya tt,Newbridge,North Leigh, East End (North Leigh), Old Shifford,Shifford,Standlake,Stanton Harcourt,S tonesfield, Sutton,Yelford Details West Oxfordshire
 

Month-wise Break-up of Total Sales

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

Some of the insights based on the £743 millions month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £94 millions compared to £45 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 growth has been  9.58% in 2016 over 2015
  3. Brexit coupled with Stamp Duty Hike did not have negative impact on West Oxfordshire Property Market in 2016

 

Total No Of Properties Sold By Property Type

West Oxfordshire - Total No Of Properties Sold By Property Type

West Oxfordshire had total property sales of 1,828.  The split across the different property types are:

  • Terraced 530 (28.99%)
  • Detached 498 (27.24%)
  • Semi-Detached 414 (22.65%)
  • Flat/Maisonette 305 (16.68%)
  • Other 81 (4.43%)

 

Average & Median Sales Price

West Oxfordshire - Average & Median Sales Price

 The average sales price in West Oxfordshire was £407 K and for different property types it was:

  • Detached £518 K
  • Semi-Detached £337 K
  • Terraced £302 K
  • Flat/Maisonette £216 K
  • Other it is £1.5 millions 

Similarly median sales price in West Oxfordshire was £310 K and for different property types are:

  • Detached £450 K
  • Semi-Detached £310 K
  • Terraced £275 K
  • Flat/Maisonette £195 K
  • Other it is £475 K

 

New Vs Not New Property Statistics

West Oxfordshire - New Vs Not New Property Statistics

 By Sales Value the split is as follows:

  • New Property contributed £55 millions (7.36%)
  • Not New Property contributed £689 millions (92.64%)

By Total Number the split is as follows:

  • New properties sold were 138 (7.55%)
  • Not new property sold were 1,690 (92.45%)

 

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