Property prices reach new heights with villa’s £6.25m

Agent Charles Wellbelove in Crick Road. Picture: OX67021 Ed Nix

Agent Charles Wellbelove in Crick Road. Picture: OX67021 Ed Nix Buy this photo

First published in News

A NO-THROUGH road in North Oxford has been dubbed the city’s most expensive place to live.

The average house price in Crick Road, which runs between Fyfield and Bradmore Roads, near Banbury Road, is £2.8m, compared with £531,000 for the rest of the OX2 area, according to website Zoopla.

Now number 6, a detached Victorian villa, has gone on sale for £6.25m.

The nine-bedroom property has 6,000 sq ft of living space, including six bathrooms, a basement and a conservatory.

It was once owned by St John’s College and divided into nine apartments but the present owners, who bought it 30 years ago, converted it back into a family home.

Charles Wellbelove, director of agents Hamptons, which is marketing the house, said: “Crick Road is arguably the best and most expensive road in Oxford.

“Norham Gardens is very sought-after, but the good thing about Crick is it’s a no-through road and is therefore more peaceful.

“A number of houses within this area are owned by Russians, Arabs and Londoners. It’s very much about money coming in from international and London sources and the pull is not only the architecture, it is the schools.

“The sort of person who is going to purchase this house is either a Dragon [School] parent, or an international buyer who wants to get their children into one of them. The Dragon, Oxford High and St Edward’s are all near.”

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Meanwhile, average house prices across the county are still rising and hit £256,383 in March.

That is up 0.7 per cent on February and equal to a yearly rise of six per cent, according to the Land Registry.

Property expert Nick Owens, a senior associate with law firm Penningtons Manches’s Oxford offices, said: “Prices in North Oxford are always on the up.

“It’s one of those micro-climates that seems impervious to everything that is going on around it.

“Even through the darkest time of the recession they were still going up in value and most of it seems to be a constant demand for the schools.

“To avoid traffic, people want to live near enough to walk or cycle easily to them.

“Crick Road, Fyfield Road and Charlbury Road are all no-through roads and are probably the most expensive in central north Oxford, although Norham Gardens is still very popular.

“People are coming out to Oxford from London but increasingly they are also coming from abroad.

“You can’t narrow it down to any particular place but there are plenty of buyers from the Far East, all over Europe and Russia.

“Most of these properties at this level don’t come on to the open market and will sell before they even come to the market.

“In the past 12 months, houses in that area have gone for more than £8m and I can’t see prices in north central Oxford slowing any time soon.”

Comments (9)

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10:22pm Thu 8 May 14

LadyJ says...

Depressing.
Depressing. LadyJ
  • Score: 5

10:27pm Thu 8 May 14

Sandy Wimpole-Smythe says...

Obscene.
Obscene. Sandy Wimpole-Smythe
  • Score: 6

10:42pm Thu 8 May 14

Christopher Gray says...

Crick Road is not a no-through road by any definition I understand. Nor are the other roads mentioned. Is this some bizarre new form of estate agent speak?
Crick Road is not a no-through road by any definition I understand. Nor are the other roads mentioned. Is this some bizarre new form of estate agent speak? Christopher Gray
  • Score: 9

11:05pm Thu 8 May 14

rfr says...

Christopher Gray wrote:
Crick Road is not a no-through road by any definition I understand. Nor are the other roads mentioned. Is this some bizarre new form of estate agent speak?
You've not seen the gates? And the dogs?
[quote][p][bold]Christopher Gray[/bold] wrote: Crick Road is not a no-through road by any definition I understand. Nor are the other roads mentioned. Is this some bizarre new form of estate agent speak?[/p][/quote]You've not seen the gates? And the dogs? rfr
  • Score: 2

12:00am Fri 9 May 14

oafie says...

Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.
Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home. oafie
  • Score: 4

6:40am Fri 9 May 14

Andrew:Oxford says...

oafie wrote:
Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.
If you couldn't afford to buy here 20-30 years ago, you'll never have a chance.

Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house.
[quote][p][bold]oafie[/bold] wrote: Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.[/p][/quote]If you couldn't afford to buy here 20-30 years ago, you'll never have a chance. Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house. Andrew:Oxford
  • Score: 2

8:24am Fri 9 May 14

Chris Henderson says...

Andrew:Oxford wrote:
oafie wrote:
Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.
If you couldn't afford to buy here 20-30 years ago, you'll never have a chance.

Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house.
Even at 5 times joint income that would make £80,000. If Andrew thinks that three bedroomed houses were for sale for that price in 1994 I think there may be problems with his memory. A 3 bedroomed mobile home perhaps.
[quote][p][bold]Andrew:Oxford[/bold] wrote: [quote][p][bold]oafie[/bold] wrote: Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.[/p][/quote]If you couldn't afford to buy here 20-30 years ago, you'll never have a chance. Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house.[/p][/quote]Even at 5 times joint income that would make £80,000. If Andrew thinks that three bedroomed houses were for sale for that price in 1994 I think there may be problems with his memory. A 3 bedroomed mobile home perhaps. Chris Henderson
  • Score: 3

10:47am Fri 9 May 14

Andrew:Oxford says...

Chris Henderson wrote:
Andrew:Oxford wrote:
oafie wrote:
Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.
If you couldn't afford to buy here 20-30 years ago, you'll never have a chance.

Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house.
Even at 5 times joint income that would make £80,000. If Andrew thinks that three bedroomed houses were for sale for that price in 1994 I think there may be problems with his memory. A 3 bedroomed mobile home perhaps.
If you go back to 1995, you could pick up a brand new 3 bedroom house in Green Hill, just off Grenoble road for under £60K. The same properties are now going for £250K

Take a look at Zoopla Nethouseprices or Rightmove for various addresses throughout Oxford. Even in the "desirable" Divinity Road area semi-detached properties could be purchased for under £100K in the mid-90s.

Here's Crick Road as an example of how prices have changed in the last 20 years:-

Date Address Price
30th Jan 2014 16 Crick Road £4,250,000
11th Sep 2012 8 Crick Road £3,100,000
21st Mar 2012 7 Crick Road £4,000,000
10th Feb 2012 10 Crick Road £2,495,000
30th Jan 2006 15 Crick Road £1,500,000
30th Jun 2004 7 Crick Road £1,250,000
22nd Jan 2003 14 Crick Road £1,045,000
16th Aug 2001 7 Crick Road £1,300,000
10th Dec 1997 7 Crick Road £600,000
29th Nov 1995 17 Crick Road £490,000
[quote][p][bold]Chris Henderson[/bold] wrote: [quote][p][bold]Andrew:Oxford[/bold] wrote: [quote][p][bold]oafie[/bold] wrote: Never mind those of us that live and wok here and have done so for 20-30 yrs - a lifetime. Still Oxford City and Oxon County Council will be pleased. never mind the rest of us who cannot even afford a decent home.[/p][/quote]If you couldn't afford to buy here 20-30 years ago, you'll never have a chance. Twenty years ago, in Oxford, a couple who each earned £8,000 could afford to a joint mortgage to buy a brand new 3 bedroom house.[/p][/quote]Even at 5 times joint income that would make £80,000. If Andrew thinks that three bedroomed houses were for sale for that price in 1994 I think there may be problems with his memory. A 3 bedroomed mobile home perhaps.[/p][/quote]If you go back to 1995, you could pick up a brand new 3 bedroom house in Green Hill, just off Grenoble road for under £60K. The same properties are now going for £250K Take a look at Zoopla Nethouseprices or Rightmove for various addresses throughout Oxford. Even in the "desirable" Divinity Road area semi-detached properties could be purchased for under £100K in the mid-90s. Here's Crick Road as an example of how prices have changed in the last 20 years:- Date Address Price 30th Jan 2014 16 Crick Road £4,250,000 11th Sep 2012 8 Crick Road £3,100,000 21st Mar 2012 7 Crick Road £4,000,000 10th Feb 2012 10 Crick Road £2,495,000 30th Jan 2006 15 Crick Road £1,500,000 30th Jun 2004 7 Crick Road £1,250,000 22nd Jan 2003 14 Crick Road £1,045,000 16th Aug 2001 7 Crick Road £1,300,000 10th Dec 1997 7 Crick Road £600,000 29th Nov 1995 17 Crick Road £490,000 Andrew:Oxford
  • Score: 3

11:48am Fri 9 May 14

yabbadabbadoo256 says...

One for the Tarquin set there then
One for the Tarquin set there then yabbadabbadoo256
  • Score: 1

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