‘Downsize’ to Oxford flat for only £1.45m

Oxford Mail: Mark Charter, head of the Carter Jonas estate agents’ Oxford office, at the flat in Norham Gardens, Oxford, which is up for sale for £1.45m Buy this photo Mark Charter, head of the Carter Jonas estate agents’ Oxford office, at the flat in Norham Gardens, Oxford, which is up for sale for £1.45m

BILLED as the ideal property for those wanting to downsize, this Oxford apartment has just been put on the market – for a modest £1.45m.

Believed to be the most expensive apartment on sale in the city, it boasts four bedrooms over two floors, a 27-foot reception room, a study and a private parking spot.

But the property in Norham Gardens, North Oxford, has a catch – the new tenant will only own part of the back garden and there is no roof terrace.

One of five apartments in the Victorian detached house, flat 5 includes period features such as sash windows and original fireplaces, plus a balcony and even a lift.

According to Land Registry figures, the last time it changed hands was in 1996 when it sold for just £265,000.

But a three-bedroom flat in the same building was snapped up two years ago for £1.5m.

Oxford Mail:

  • The sub-divided garden

Average property values in Norham Gardens have hit £2m, according to online estate agent Zoopla, compared with £356,000 for Oxford as a whole.

Mark Charter, of agents Carter Jonas, said: “This is the most expensive apartment to come to the open market, but I know of two others that have been sold off-market for £1.5m.

“I expect the buyer to be someone from overseas or London.

“It would definitely suit an older couple who want to downsize but still want to maintain a base in this area of Oxford.

“The garden has been physically sub-divided, so they will have their own private area.

“It’s a beautiful flat which is situated on two levels, one of which is part of converted roof space. Although there is no roof terrace, there is a large balcony.
 

Oxford Mail:

  • A snapshot of the interior

“We’ve already had quite a bit of interest from buyers and have started viewings, though there have been no bites yet. It may sound like the property is on the market for a lot of money, but £1.45m is on a par with what we would expect for a flat of this size – at what is the best address in town.”
 

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Comments (3)

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8:19am Thu 17 Jul 14

Myron Blatz says...

And I'd expect the potential buyer to be from somewhere in outer space - or totally spaced out, man! Greedy property prices in Oxford have become plain DISGUSTING - and 'market forces' have more to do with those leeches such banks, estate agents, property developers and those who use homes to make loadsa filthy money - just like playing that well known board game! Whilst I don't think the flat in question is a council flat, there are many homes across Oxford which used to be the much 'social housing' (not to be conveniently confused with 'affordable housing' which refers to low-priced property to buy, not to rent) that have been sold-off to the private sector since Thatcher started the big bonanza (followed by 13 years of Labour government doing nothing to reverse the trend) and have never been replaced by successive Oxford City Councils. Ironically, many City and County Councillors allegedly have apparently bought Council Houses over the years, and helped worsen the acute shortage we now face on Oxford for City Council-owned social housing - the providers of choice by Council tenants a decade ago, and still preferred as being more secure than the less-rigorously controlled housing associations and private landlords. If only we had a Labour-led Oxford City Council ......
And I'd expect the potential buyer to be from somewhere in outer space - or totally spaced out, man! Greedy property prices in Oxford have become plain DISGUSTING - and 'market forces' have more to do with those leeches such banks, estate agents, property developers and those who use homes to make loadsa filthy money - just like playing that well known board game! Whilst I don't think the flat in question is a council flat, there are many homes across Oxford which used to be the much 'social housing' (not to be conveniently confused with 'affordable housing' which refers to low-priced property to buy, not to rent) that have been sold-off to the private sector since Thatcher started the big bonanza (followed by 13 years of Labour government doing nothing to reverse the trend) and have never been replaced by successive Oxford City Councils. Ironically, many City and County Councillors allegedly have apparently bought Council Houses over the years, and helped worsen the acute shortage we now face on Oxford for City Council-owned social housing - the providers of choice by Council tenants a decade ago, and still preferred as being more secure than the less-rigorously controlled housing associations and private landlords. If only we had a Labour-led Oxford City Council ...... Myron Blatz
  • Score: -1

9:09am Thu 17 Jul 14

EMBOX2 says...

You said: ".....followed by 13 years of Labour government doing nothing to reverse the trend"

followed by: " If only we had a Labour-led Oxford City Council ......"

Spot the flaw there?

If you think Labour are going to improve things, you are wrong. Lab/Con/Lib are all the same, in it for themselves, and screw the rest of us! If we had an independant council, or better, one COUNTY council which was independant and answered to local people, not Westminster, then we could solve this housing problem.

Until then, vote LibLabCon and watch nothing happen.
You said: ".....followed by 13 years of Labour government doing nothing to reverse the trend" followed by: " If only we had a Labour-led Oxford City Council ......" Spot the flaw there? If you think Labour are going to improve things, you are wrong. Lab/Con/Lib are all the same, in it for themselves, and screw the rest of us! If we had an independant council, or better, one COUNTY council which was independant and answered to local people, not Westminster, then we could solve this housing problem. Until then, vote LibLabCon and watch nothing happen. EMBOX2
  • Score: 4

10:39am Thu 17 Jul 14

Andrew:Oxford says...

I look at a older house like this in a city like Oxford and just think of the number of people, in the private sector, that will earn a good income undertaking skilled work on it.

Then consider that if this was just one "band h" house rather than split into 5 "band g" flats, the council tax would be £3300 a year. But as its 5 flats each valued, probably in the "band g" range the income is around £12,500 a year.

There are upsides for everyone in the city through other's fortune.
I look at a older house like this in a city like Oxford and just think of the number of people, in the private sector, that will earn a good income undertaking skilled work on it. Then consider that if this was just one "band h" house rather than split into 5 "band g" flats, the council tax would be £3300 a year. But as its 5 flats each valued, probably in the "band g" range the income is around £12,500 a year. There are upsides for everyone in the city through other's fortune. Andrew:Oxford
  • Score: 5
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