VALUATION REQUEST
 
 
 

Top 25 Most Saleable Streets in Chipping Norton

22/12/2018
 

Following on from my last article, if you recall I said that High Street had the most properties sold in the OX7 Chipping Norton postcode, yet I felt that this information wasn’t telling the whole story, as some roads in Chipping Norton have more properties on them than others. Therefore, I promised that I would 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.

 

To give some foundation to the article, in 2017 Chipping Norton homeowners had, on average, lived at their existing address for 17 years and 6 months. However, when I looked at the difference between homeowners with and without a mortgage; Chipping Norton homeowners without a mortgage had lived in their Chipping Norton home for an average of 23 years and 9 months compared with 10 years and 1 month for homeowners with a mortgage. Interestingly, Chipping Norton’s West Oxfordshire’s Council house tenants have on average resided at their present home for 11 years and 4 months, whilst finally for those who rent from a private landlord, tenants generally have lived in their property for an average of 3 years and 11 months (up from 3 years 5 months only five years ago).

 

The OX7 street in the top 25 saleable streets with the highest number of households on it is High Street, which has 481 residential addresses (including surrounding villages). Yet since 1995, only 384 properties have changed hands (some multiple times!)  .. which means the street’s saleability or churn rate is 79.8%.

 

However, the street or road that has the highest saleability or churn rate is Insall Road … which has 52 households on it, yet since 1995 there have been 142 house sales … a saleability rate of 273.1%. Here is the full breakdown of the top 25 streets …

 

 

Street (in OX7)

The Street's Saleability

 (or Churn) Rate since 1995

Insall Road

273.1%

Bliss Mill

213.7%

William Bliss Avenue

213.0%

Spring Street

206.5%

Distons Lane

181.0%

Shepard Way

175.6%

Wards Road

163.5%

New Street

136.2%

North Street

129.2%

Ticknell Piece Road

127.0%

West End

118.5%

Hill Crescent

115.8%

Holliers Crescent

112.2%

West Street

106.7%

London Road

101.3%

The Green

98.7%

Church Street

97.9%

Albion Street

97.6%

Burford Road

94.5%

Chapel Lane

92.9%

Station Road

88.2%

Enstone Road

81.3%

High Street

79.8%

The Leys

76.3%

Shipton Road

52.6%

 

 

So, as you can see, some interesting statistics and a lot more correlation between saleability rate and property values (unlike the article last time where we compared value to ‘out and out’ raw sales figures).

 

Therefore, what does this all mean to Chipping Norton homeowners and Chipping Norton landlords?  Well these 25 streets are the best performing streets out of the 582 streets in the Chipping Norton (OX7) area so if you live/own a property on those 25 streets ..… you are sitting on a very saleable street. If you want to find out how saleable your street is .... please drop me a line and we can discuss this further.

 

 


View Cotswold Property Blog