Cherwell Property Market Grows By 8% in 2016

28. August 2017 09:35 / VInsights Team / South East England / Comments (0)

Story Highlights

  • Cherwell had total property sales of £1 billion in 2016
  • The average sales price was £ K, whereas the median was £ K
  • New Property sales were 21.82% by value, whereas Not New Property contributed 78.18%
  • 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 8%  over 2015

 

Cherwell is one of the districts of Oxfordshire.

Total Sales By Property Type

Cherwell - Total Sales By Property Type

Cherwell had total property sales of £1 billion which was 21.36% of the total Oxfordshire Property Market 2016

The split of £1 billion across the different property types are:

  • Detached £374 millions (37.24%)
  • Semi-Detached £254 millions (25.27%)
  • Terraced £226 millions (22.46%)
  • Other £84 millions (8.32%)
  • Flat/Maisonette £67 millions (6.7%)

 

Cherwell Property Market at Postcode Level

Postcode Coverage Area Local Authority Area School
MK18  Addington, Adstock, Akeley, Barton Hartshorn, Botolph Claydon, Buckingham, Calvert, Chackmore, Chetwode, Dadford, Dunton, East Claydon, Finmere, Foscott, Gawcott, Granborough, Hillesden, Hoggeston, Leckhamstead, Lillingstone Dayrell, Lillingstone Lovell, Maids Moreton, Middle Claydon, Newton Purcell, North Marston, Padbury, Shalstone, Steeple Claydon, Tingewick, Thornborough, Water Stratford, Winslow Aylesbury Vale, Cherwell Details
NN13  Brackley, Croughton, Farthinghoe,
Hinton-in-the-Hedges, Westbury, Turweston, Mixbury		 South Northamptonshire,
Aylesbury Vale, Cherwell		 Details
OX2 North and West Oxford, Botley, North Hinksey, Summertown, Wytham, Jericho, Wolvercote Oxford, Vale Of White Horse, Cherwell Details
OX3 North East Oxford, Beckley, Headington, Marston, Elsfield, Noke, Woodeaton, Woodperry Oxford, South Oxfordshire, Cherwell Details
OX5 Kidlington, Yarnton, Begbroke, Tackley, Murcott, Charlton-on-Otmoor, Fencott, Islip Cherwell, West Oxfordshire, Aylesbury Vale Details
OX15  Bloxham, Drayton, Wroxton, North Newington, South Newington, Swalcliffe, Sibford Gower, Sibford Ferris, Barford St Michael, Barford St John, Deddington, Hempton, Broughton, Hornton, Horley, Balscote, Shenington, Alkerton, Wigginton, Milton, Hook Norton, Milcombe, Shutford, Epwell, Tadmarton, Swerford, Bodicote, Brailes, Edge Hill, Ratley, Upton  Cherwell, Stratford-on-Avon, West Oxfordshire Details
OX16  Banbury  Cherwell Details
OX17  Adderbury, Appletree, Aynho, Arlescote, Chacombe, Charlton, Chipping Warden, Claydon, Cropredy, Culworth, Edgcote, Farnborough (Warks), Greatworth, Great Bourton, Hanwell, King's Sutton, Little Bourton, Lower Thorpe, Marston St Lawrence, Middleton Cheney, Mollington, Nethercote, Newbottle, Overthorpe, Prescote, Shotteswell, Stuchbury, Sulgrave, Thenford, Thorpe Mandeville, Twyford, Upper Astrop, Wardington, Warkworth, Warmington, Williamscott  Cherwell, South Northamptonshire, Stratford-on-Avon Details
OX25  Ambrosden, Arncott, Blackthorn, Caulcott, Duns Tew, Little Chesterton, Lower Heyford, Merton, Middle Aston, Middleton Stoney, North Aston, Piddington, Rousham, Somerton, Steeple Aston, Steeple Barton, Upper Heyford, Wendlebury, Weston-on-the-Green Cherwell, West Oxfordshire Details
OX26  Bicester, Chesterton, Launton  Cherwell Details
OX27  Ardley, Bainton, Baynards Green, Bucknell, Caversfield, Charndon, Fewcott, Fringford, Fritwell, Godington, Hardwick, Hethe, Marsh Gibbon, Newton Morrell, Poundon, Souldern, Stoke Lyne, Stratton Audley, Tusmore Cherwell, Aylesbury Vale Details
OX33  Wheatley, Forest Hill, Holton, Horspath, Horton-cum-Studley, Littleworth, Milton Common, Stanton St. John, Waterperry, Waterstock, Woodperry South Oxfordshire, Cherwell Details

 

Month-wise Break-up of Total Sales

Cherwell - Month-wise Break-up of Total Sales

Some of the insights based on the £1 billion month-wise break-down :

Stamp Duty Hike Impact

  1. March had property sale spike of £134 millions compared to £68 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  8% in 2016 over 2015
  3. Brexit coupled with Stamp Duty Hike did not had negative impact on Cherwell Property Market in 2016

 

Total No Of Properties Sold By Property Type

Cherwell - Total No Of Properties Sold By Property Type

Cherwell had total property sales of 2,994.  The split across the different property types are:

  • Semi-Detached 863 (28.82%)
  • Terraced 845 (28.22%)
  • Detached 816 (27.25%)
  • Flat/Maisonette 382 (12.76%)
  • Other 88 (2.94%)

 

Average & Median Sales Price

Cherwell - Average & Median Sales Price

The average sales price in Cherwell was £336 K and for different property types it was:

  • Detached £458 K
  • Semi-Detached £294 K
  • Terraced £267 K
  • Flat/Maisonette £176 K
  • Other it is £950 K 

Similarly median sales price in Cherwell was £292 K and for different property types are:

  • Detached £413 K
  • Semi-Detached £285 K
  • Terraced £255 K
  • Flat/Maisonette £164 K
  • Other it is £378 K

 

 

New Vs Not New Property Statistics

Cherwell - New Vs Not New Property Statistics

 By Sales Value the split is as follows:

  • New Property contributed £219 millions (21.82%)
  • Not New Property contributed £785 millions (78.18%)

By Total Number the split is as follows:

  • New properties sold were 645 (21.54%)
  • Not new property sold were 2,349 (78.46%)

 

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