In line with latest Government’s guidelines on home moving, the housing market remains open during the national lockdown which started on 5th November 2020, and all our offices in England continue to operate. Our offices in Scotland remain in operation following the latest guidelines. Our Welsh offices resumed operations from Monday, 9th November 2020, following the latest guidance on home moving restrictions. Health and safety remains our main priority, and we continue to follow a number of strict measures to protect our customers and staff. More information

Property prices - can you afford to wait?

Property prices - can you afford to wait?

Whether we are home owners or investment buyers, there is one question that continually resonates with us all, which is of course,  “How much is my property worth?”

Although this article offers a brief insight for both home owners and investors, as Lettings Manager at Martin & Co Oxford, I find my attention swaying slightly to investment purchasers (hmmmm, strange that!) and how this information may serve them best when plotting their next move.

So, picking an area to look at, I chose good old OX1 and focused my attention solely on flats and apartments for my research. This is what I found out.  

The average price of property in this area currently sits at £304,000. Using my trusty Tardis, I decided to revisit the last 5 years to see how prices have changed in this location for these properties.

  • 5 years ago - £227,000
  • 4 years ago - £260,000
  • 3 years ago - £263,000
  • 2 years ago - £270,000
  • 1 year ago -  £280,000
  • 6 mths ago - £300,500

From 2009 to the present day, the housing market has seen some tricky moments. Even now we find ourselves in 'recovery'. One thing that does appear certain is that some areas, notably OX1, just keep on going and from a capital growth perspective still represent a fantastic return on investment.

At Martin & Co Oxford, we hear about great investment properties, often before they come to market. We can give you examples of where we have saved landlords thousands of pounds by taking our advice.

If you would like to compare capital growth on your property, or talk about property hot spots or yields, then I would welcome your call on 01865 812110. Maybe you would just like some general investment advice which I'd also be happy to help with. Alternatively you can visit me in my offices at Martin & Co, 31 Woodins Way, Paradise Street, Oxford, OX1 1HD.

Happy hunting!

Richard