Witney (OX28) house prices have lagged behind other areas within the District and also when compared with the other areas within the County. The latest Land Registry data shows that properties in OX28 have risen by an average of £29,000 (£36 per day) since the early days of the pandemic in February 2020. Homes in OX7 have performed rather better, with an average increase of £61,000 or £77 per day:
Post Code | Change Since Feb ‘20 | Daily Change |
OX7 | +£61,000 | +£77 |
OX18 | +£32,000 | +£40 |
OX28 | +£29,000 | +£36 |
OX29 | +£53,000 | +£67 |
To put this into perspective, the average salary in West Oxfordshire is £34,400 or £94.25 per day.
Turning to the picture across Oxfordshire, West Oxfordshire and Cherwell lagged behind the other Districts with property in South Oxfordshire performing best overall which reflects those willing to increase their London commute on the basis of working fewer days in the office:
The best performing region was St Albans with properties leaping by £106 per day with those in the super prime Borough of Kensington & Chelsea -£8 per day.