• Tue. May 21st, 2024

Oxford house prices: Average house prices soar by £16,000

Byoxfordnewspaper

Oct 2, 2022

House prices in Oxford have soared by an average of over £16,000 in the month of July, according to figures from the Land Registry.

The latest data from the government department reveals that in July 2022 average house prices in Oxford reached £489,421.

This was up from £473,084 in June, representing a 3.5 per cent increase. In the last 12 months it has risen by 9.2 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Oxford here.

How much have house prices increased in Oxford?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses – Up to £1,009,872 from £979,096 in June
  • Semi-detached houses – Up to £625,314 from £603,973 in June
  • Terraced houses – Up to £488,145 from £470,832 in June
  • Flats – Up to £303,342 from £294,313 in June

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How do Oxford house prices compare to the UK average?

Even when comparing Oxford to the picture across the UK, the area is far above the UK average with a typical property value in the nations reaching £292,118 in July.

In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.

How much could your house be worth?

We have created this map for the South East so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Oxford are the most expensive for average house prices.