This morning I find myself trawling through Oxford's local rags, in search of some inspiration on my next target location when I notice a beautiful looking one bedroom cottage to rent in Wolvercote, North Oxford. As I run deeper into this area of Oxford it becomes clear to me that not alot has come up in the last year for sale or for rent. So is this a desirable area or not?
Wolvercote has many redeeming features, and as the locals will tell you, there are plenty of reasons why property retention is rife in this area. From the pubs, great walks and great scenery, right down to the period housing ripe for renovation and a weekly farmer’s market held on Sundays, there appears to be something for everyone. The area is also likely to get another boost early next year when the Oxford Parkway rail station at Water Eaton opens, providing fast train services to London every half hour.
Young families are flocking to the area because of the highly rated schools (schools again folks!). Young parents are frequently seen in Wolvercote’s community café or in one of the two local playgrounds which gives the area a real community feel in addition to the 14 th century parish church and post office.
A look into its housing market shows 5 available properties to buy in this location. Only 9 properties have sold in this location since the beginning of 2014 and there has been a total of 14 properties available for let in the same period. One particular 2 bedroom mid terrace property on Godstow Road sold for £190,000 on 26th September 2003. A decade later the same property sold for £250,000 on 29th November 2013.
From an investment point of view Wolvercote appears to offer some steady figures. Its capital appreciation ticks over well with the yield holding its own in most cases. It is the volume of transactions in this location that tell me people retain property in this area and the lack of activity suggest this area is a hugely popular place to live.
One of Wolvercote's redeeming features:
The Trout public house is a 17th century building that has been stylishly refurbished to make it the perfect place to find a cosy corner and take time out whilst enjoying some of the Chefs' seasonal dishes and a great selection of wines, ales and lagers.Inside you will find roaring log fires, a unique dining room and comfy armchairs to while away the afternoon. There is also a great outdoors area for those lovely summer afternoons.
If you are currently renting or thinking of purchasing for investment please come and see me at our office in Woodins Way, Paradise Street.