House prices in the UK are often associated with London, but a recent analysis has revealed that the most expensive street to buy a house is actually in Oxford. According to data from Mortgage Lane, Charlbury Road boasts an average house price of £6.68 million, outpacing many properties in the capital.
Despite London’s reputation, where the average property price over the last year reached £660,975, the findings indicate that Oxford is home to some of the priciest real estate outside the capital. Rightmove reports that the majority of properties sold in London were flats, averaging £531,115, while terraced houses commanded an average of £741,630 and semi-detached homes fetched £764,010. Notably, these figures show an 8% decline from the previous year and are 10% lower than the peak price of £735,620 in 2023.
The analysis involved approximately 3,000 recent property listings from the 40 largest cities across the UK, highlighting the unique position of Charlbury Road. In comparison, the average house price in Oxford was £560,288, with terraced homes selling for £529,581 and semi-detached properties averaging £598,336. This reflects a 5% decrease from the previous year and a 7% drop from the 2023 peak of £603,829.
Characteristics of Charlbury Road
Experts attribute the desirability of Charlbury Road to its historical character, green surroundings, and proximity to prestigious academic institutions. The street’s appeal is evident in the remarkable properties available. A notable example is a nine-bedroom detached house built in 1908, currently listed at £7.95 million. This impressive residence features a ballroom, drawing room, and mature gardens, retaining many original features such as high ceilings, fireplaces, and striking stained glass windows.
Described on Zoopla as an “impressive detached house,” it includes a unique first-floor ballroom with an ornate ceiling and large bay windows. The property also has a library that has been converted into two en suite rooms, showcasing the home’s blend of historical elegance and modern functionality.
At the other end of the market, the lowest-priced home currently for sale on Charlbury Road is a four-bedroom property listed at £2.15 million. This house requires complete renovation and extension, offering potential buyers the opportunity to create a tailored living space. It comprises 2,110 square feet, including a garage, and features essential rooms such as a study, sitting room, and kitchen/breakfast area.
The findings reveal a significant shift in the property market, highlighting the allure of Oxford as a prime location for luxury real estate. As house prices continue to evolve, Charlbury Road stands out as a testament to the changing landscape of home ownership in the UK.
