I was speaking to a landlord of mine on Tuesday, when the subject of Oxford's property values came up. Not those of recent years alone, but those of over the decades.
I found that the average value of a property in Oxford was £805 in 1930, which then dropped to £703 in 1934. The average value jumped to £2390 in the late 1940s and in the 1950s the average value was £3290.
In the late 1960s, the average value had risen dramatically to £6334. This was followed by a big jump in average values between 1978 and 1980, with an increase of 65% from £21,186 to £32,209. The late 1980s saw a rise in average value to £74,865.
At the millennium, average values had managed to rise to £138,616. Today, even following the crash of 2008, Oxford's average property value is £343,480.
If you would like to come and discuss property in the area, you are welcome to visit our office on Woodins Way, Paradise Street.
And that's just the houses. Next week, Oxford's apartments/flats.........................