VALUATION REQUEST
 
 
 

High Street … the Road Where People Move the Most in Chipping Norton and the Whole of OX7

15/12/2018
 

Many folks say that moving home is the most stressful thing. Moving home is like someone (and that someone is usually you and you are the cause of this devastation) has collected all your worldly goods, put them into cardboard boxes and into a lorry making your whole life look like a Amazon delivery van, only to spend the next six months unpacking it all, while being unable to find important things like your bank cards, ‘those’ shoes or special jewellery!

 

We wish we could be instantly transported like in Star Trek “Beam me up Scotty to a blissful moved-in state”.  Yet the week you move, it’s like an episode from the original 1960s Star Trek series when the crew have a transporter accident with an ion-storm which sends Captain Kirk and Spock into an alternate reality where the caring Federation is the merciless Terran Empire and the USS Enterprise is a warship and chaos eschews!!!

 

Star Trek aside, after you decide to move and before the stress of living out of cardboard boxes for months descends first you trawl the portals (Rightmove/Zoopla/On The Market) to find a new house and out of the hundreds of properties available to buy you will probably only view around four or five for no more than 20 minutes each. Then, you will arrange a second viewing of one or two of those initially viewed properties for the estate agency industry stated average of 30/45 minutes maximum (fascinating when you think most people take hours to decide what clothes or shoes to buy but minutes to spend hundreds of thousands of pounds on their next home!).  Then you put your property on the market with an estate agent, find a buyer for your Chipping Norton property, agree a price for both, then instruct solicitors. The property becomes sold ‘subject to euphuism’ ….. sorry ‘contract’ ..… as solicitors and surveyors and mortgage companies pick holes in the paperwork, threatening to wreck the chain at any moment, whilst you can’t get too attached to the property you want to purchase in case the sale falls through …… phew - stressful or what??!!

 

Is it worth it? Worth the stress? The cardboard boxes? Well many Chipping Norton people think it is.

 

In the last 12 months, 294 families have sold and moved home in Chipping Norton (OX7)

 

Yet the question I want raise is ….. do people on certain streets in the OX7 postcode move more often than others? Well, the answer might surprise you. I looked at the Land Registry for the all the property sales going back 23 years (to 1995) in the OX7 postcode whilst also calculating the average value of a property on a particular street/road (to see if there was a correlation between price and moving). So initially looking at the top 10 streets in the postcode, in terms of pure out and out house sales, High Street is the winner with an average of 16.7 house sales per year since 1995.

  

And to look at the bigger picture, the table below shows the top 25 streets, with the average value of a property on that street.  As you can see, there is no correlation between the average value of a property and the number of times a property gets sold on that street.

 

 

Street

Average Value of a Property
On that Street/Road

Average Number of
Properties Sold per Year (since 1995)

High Street

£566,022

16.70

The Green

£437,696

10.04

West Street

£421,793

6.26

Insall Road

£255,854

6.17

Ticknell Piece Road

£361,011

6.13

West End

£454,301

6.13

Church Street

£762,608

6.17

Burford Road

£435,588

5.22

North Street

£376,047

5.00

Bliss Mill

£465,646

4.74

Shipton Road

£555,703

4.39

William Bliss Avenue

£218,948

4.26

Spring Street

£298,124

4.13

The Leys

£403,489

3.78

Hill Crescent

£251,138

3.83

Enstone Road

£491,371

3.96

Holliers Crescent

£339,965

3.61

Wards Road

£257,773

3.70

Station Road

£476,649

3.57

New Street

£358,157

3.43

Albion Street

£267,764

3.48

London Road

£403,608

3.30

Chapel Lane

£529,110

3.43

Distons Lane

£310,081

3.30

Shepard Way

£216,641

3.13

 

However, I still felt the information wasn’t telling the whole story …… some roads in Chipping Norton have many more properties on than others, so I wanted then to compare the average number of properties sold by the actual number of properties on that street, to find out the streets whose owners proportionally moved (or sold more often) than the rest of the locality.

 

In the next article, (and I promise I won’t mention Star Trek again), I will answer that question in more depth …... and the results should certainly raise an eyebrow (as they did for me). The question is …... do you live on one the top 25 Chipping Norton most saleable streets in Chipping Norton (OX7)?  

 

Come back to my Chipping Norton Property Blog for the next article to find out!

 


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