Oxford View Property Market Focus - Autumn 2012 2 Oxford View WELCOME

Welcome to Oxford View, our seasonal update on the property markets that matter to you. Along with a snapshot of activity in Oxfordshire, we discuss what’s happening in the wider country house market and how it is affected by the booming central London market.

We also outline how important it is to the Capital to get more property for Damian Gray expose your property to as wide an their money in the country. Office Head audience as possible, and give you a T +44 (0)1865 790077 glimpse of some of our properties in Furthermore, currency movements are [email protected] the area, both for sale and sold. helping to make country property even more attractive to overseas buyers. For Country properties are growing in example Singaporeans can now favour with Londoners enjoying record benefit from a 40% discount compared prices in the Capital and overseas to prices back in March 2008, thanks buyers benefitting from currency to the combination of house prices and movements. these currency movements and those buying in US dollars can benefit from a Whilst country house prices in various 34% discount, and Europeans can save parts of the country have fallen to more than 20%. some degree over the last year, the now significant gap in price The growing interest from London performance between the country buyers is demonstrated by the market and the booming prime central emergence of a number of country London market does however present 'hotspots' bucking the overall an opportunity for the country market, downward price trend, many of which with some London homeowners are close to or within commuting cashing in on the record-high values in distance of London. Oxford is yet again one of the leading hotspots with prices rising by 2.5% in the second quarter this year.

Where do our buyers come from? What do our applicants want to spend?

International 3% under £750k 14% London 42% £750k to £1.5m 45% South East 50% £1.5m to £2.5m 26% Rest of the UK 5% £2.5m to £3.5m 5% £3.5m to £5m 3% over £5m 7%

* Figures reflect activity up to and including Q2 2012. Oxford View 3 Prime Central London

How a £1m investment made £407 a day, every day, for three years.

Prime central London property prices for around 10% of the £2m+ central reached a new high in June, but with London market between 2005 and 2010 values almost 50% higher than they and now account for 20% (2011 and were in March 2009, the rate of price 2012 to date). growth is beginning to slow. While this safe-haven factor continues Our index confirms that £1m invested in to support the market, we are central London property in March 2009 beginning to see resistance from would now be worth approximately buyers to ongoing price increases and £1.48m. This growth equates to an the difference between asking and average monthly appreciation of achieved prices is beginning to widen, £12,400, or £407 daily. Some market with the percentage of the asking price observers have questioned whether achieved having fallen from 96% in this strong price growth will continue. March to 92% in June.

Over the past few years international buyers have seen London property as a safe-haven investment in an increasingly volatile global economy. Evidence of this is the fact that European (non-UK) buyers accounted

BUILDING consultancy

At Knight Frank, we can provide a comprehensive property service far beyond the buying or selling of your home.

One of our most successful services is James comments: it is important to seek advice from an our experienced Building Consultancy “Our extensive knowledge of the best all-round property expert. team, which specialises in providing historic properties, including Grade I innovative solutions for all property Listed buildings, means that we can For more information, contact situations. These range from advice on add value at an early stage of any James Carter-Brown on 01488 688523. specific issues to the creation of proposed property acquisition. This bespoke buildings. The team also also ensures that you remain true to the provides full design services and heritage of your home. Where required, project management solutions to our building survey reports can include further enhance the delivery of projects budget costings for any repair or for its clients. maintenance requirements.”

James Carter-Brown has recently joined Our building offers a full range of Knight Frank as head of the Building design, contract administration, Consultancy and Architecture team and planning and building control advice has already attracted a number of new that can be tailor-made to suit a wide clients, providing a wide range of variety of projects. Whether you are professional services including buying a property or making building surveys. developments to your current home, 4 Oxford View Country property

Against a backdrop of economic uncertainty, the country house market has seen an increase in stock, choice and purchasers. Over the last 12 months we have sold to over 13 different nationalities with our Russian and Indian desks particularly busy. With Oxford considered an attractive alternative to living in the capital, we expect to see a Damian Gray continuing increase in overseas buyers. Office Head T +44 (0)1865 790077 [email protected]

PROPERTIES FOR SALE

Bletchingdon Icomb Evenley Magnificent Grade II* Listed Palladian Spectacular views, impressive A stunning Grade II Listed country villa proportions house

Guide Price £20,000,000 Guide Price OIEO £10,000,000 Guide Price OIEO £6,500,000

Fritwell Hoggeston Broadwell A fine Grade II* Elizabethan manor with Stunning Grade II* Listed Georgian Cotswold farmhouse with renovation stunning gardens and grounds Rectory opportunities, in its own land

Guide Price £3,950,000 Guide Price £3,250,000 Guide Price £3,250,000

SOLD PROPERTIES

Oddington Broadwell Noke A charming village house in the A beautiful grade II* Listed Cotswold An outstanding house close to Oxford Cotswolds manor house

SOLD Guide Price £1,950,000 SOLD Guide Price OIEO £8,000,000 SOLD Guide Price OIEO £2,500,000 “I didn't ever tell you how completely brilliant Damian has been. We are thrilled to have exchanged, which wouldn't have happened without him!” Mrs A

Aston Abbotts Evenlode Maugersbury An elegant Georgian country house in An immaculate Cotswold country Prime Cotswold location and within a parkland setting estate walking distance of Stow on the Wold

Guide Price £5,250,000 Guide Price £5,000,000 Guide Price £3,950,000

Lidstone Islip Evenlode One of the finest new houses to be Stunning William and Mary Grade II A classic traditionally built Cotswold built in Oxfordshire in recent years Listed rectory country house with distant views

Guide Price £4,250,000 Guide Price £3,000,000 Guide Price £2,850,000

Lechlade Little Tew Nr Chipping Norton Idyllic riverside country retreat in a Edge of village country house with Cotswold stone house with stunning highly sought-after location land, outbuildings and stunning views views

SOLD Guide Price £2,950,000 SOLD Guide Price £1,550,000 SOLD Guide Price £4,250,000 6 Oxford View NW Oxfordshire & The Cotswolds

Extraordinary growth within the London property market and Oxford city has had a direct and positive impact on property prices in North Oxfordshire and the Cotswolds with buyers drawn to its beautiful countryside, excellent schooling and easy access to London.

Harry Gladwin North West Oxfordshire & the Cotswolds T +44 (0)1865 790077 [email protected]

PROPERTIES FOR SALE

Taston Shilton Lechlade A secluded Cotswold house near Cotswold village house with secluded An elegant Queen Anne style family Charlbury with exceptional gardens gardens near Burford house overlooking mature parkland

Guide Price £675,000 Guide Price £675,000 Guide Price OIEO £1,400,000

Freeland Duns Tew Steeple Aston Exceptional edge of village house with A secluded 17th century Oxfordshire Elegant 18th century village house excellent access to Oxford village house with separate cottage with easy access to Oxford’s schools

Guide Price £3,500,000 Guide Price OIEO £825,000 Guide Price £1,000,000

SOLD PROPERTIES

Chastleton Newbridge Clanfield Converted Cotswold barn with land, Classic mill house near Oxford with Family house with land and easy outbuildings and equestrian facilities land, cottage and outbuildings access to Oxford, schools and London

SOLD Guide Price OIEO £1,500,000 SOLD Guide Price OIEO £1,650,000 SOLD Guide Price £1,195,000 “I just wanted to thank you and your team myself for all the help you gave us selling our property. I shall certainly recommend Knight Frank to anyone looking for an estate agent.” Mrs M-H

Hook Norton Chipping Norton Upper Oddington Stunning Georgian family house with An elegant family house on the edge of A secluded Cotswold village house coach house and exquisite gardens a Cotswold market town with extensive gardens and cottages

Guide Price OIRO £1,995,000 Guide Price £1,950,000 Guide Price £1,100,000

Charlbury Northmoor Taynton Cotswold family house with large barn Converted period barn with outbuildings, A comprehensively renovated and and stunning gardens near Charlbury land and views near Oxford extended Cotswold house in Taynton

Guide Price OIEO £1,000,000 Guide Price £1,100,000 Guide Price £1,200,000

Little Tew Nr Deddington Fulbrook Secluded country house and cottage Family house near Deddington set in Cotswold house with far reaching views requiring updating in a magical setting open countryside with stunning views and extensive outbuildings

SOLD Guide Price £1,300,000 SOLD Guide Price OIEO £1,100,000 SOLD Guide Price OIEO £725,000 8 Oxford View SoUth Oxfordshire & Bucks Borders

Rapid growth in the London property market is pushing buyers out of London. This combined with the recent improvements to a number of the train commuter lines, has significantly increased demand for property in the area.

Tom Carey South Oxfordshire & North Bucks T +44 (0)1865 790077 [email protected]

PROPERTIES FOR SALE

Radclive Burcot Long Crendon A Mill house with land in a wonderful A beautiful family house and a large An outstanding equestrian property in setting 3.45 acre garden on the River Thames a beautiful location

Guide Price £1,650,000 Guide Price £1,495,000 Guide Price £2,250,000

Akeley Stadhampton Brightwell-Cum-Sotwell A substantial family house and A Grade II Listed family house with Period family house with lovely views, gardens in a wonderful position attractive gardens and off-street parking gardens, a tennis court and barn

Guide Price £1,275,000 Guide Price £675,000 Guide Price £1,395,000

SOLD PROPERTIES

Radley Brill Oakley A handsome village house with large A fine period village house with A splendid family house and coach garden and tennis court attractive garden and a detached barn house in 4 acres

SOLD Guide Price £1,250,000 SOLD Guide Price £795,000 SOLD Guide Price £1,495,000 “I was so pleased with how Tom and the team dealt with the whole process. I would definitely use Knight Frank again.” Mr D

Toot Baldon Frilford Cholsey A large house and barn in wonderful A very peaceful and private 2 acre A wonderful country house with land in formal gardens just outside Oxford country property a rural setting

Guide Price £1,750,000 Guide Price £1,825,000 Guide Price £2,250,000

East Hagbourne Marsh Gibbon Nether Winchendon Family house with annexe, stables, Attractive period village house, with A rural property in an exceptional paddock and a mainline station nearby excellent communications position with panoramic views

Guide Price £895,000 Guide Price £675,000 Guide Price £1,100,000

Marcham East Hendred Chesterton A charming period family house and An impressive Grade II Listed manor A very pretty Grade II Listed period attractive garden house set in one of the best villages village house with charming garden

SOLD Guide Price £565,000 SOLD Guide Price £1,650,000 SOLD Guide Price £350,000 10 Oxford View Oxford City

Since the spring, over 10% of new enquiries for the city have come from overseas (from 8 different countries) and 17% from London. The famous independent schools in Oxford/Oxfordshire are still a huge draw for buyers.

Harriet Gascoigne-Pees Oxford City T +44 (0)1865 790077 [email protected]

PROPERTIES FOR SALE

Central North Oxford Central North Oxford Yarnells Hill A stylish family home situated on a An elegant brand new bespoke family A private family home with exceptional corner plot with off-street parking home in central North Oxford views

Guide Price £895,000 Guide Price OIRO £2,750,000 Guide Price £1,200,000

Holton Beckley Beckley A handsome late Victorian rectory with A large family home within a few miles A family home in a popular village wonderful mature gardens of Oxford city within minutes of central North Oxford

Guide Price £1,750,000 Guide Price £1,695,000 Guide Price £1,425,000

SOLD PROPERTIES

Hill Top Road Boars Hill Central North Oxford A substantial detached family home Countryside views and within minutes An extraordinary penthouse apartment located in Oxford city of Oxford schools with panoramic views and roof terraces

SOLD Guide Price £895,000 SOLD Guide Price £3,950,000 SOLD Guide Price £950,000 “We would not hesitate to recommend Knight Frank to anyone looking to sell a house in this difficult climate, especially if they are lucky enough to have Harriet as their agent.” Mr & Mrs D

Hids Copse Road Boars Hill Central North Oxford An impressive family home within 2 A refurbished family home in a A Victorian family home requiring miles of Oxford city centre desirable location on Boars Hill renovation with a south-facing garden

Guide Price £1,625,000 Guide Price £1,850,000 Guide Price £1,275,000

Boars Hill Iffley Village Central North Oxford Tudor style mansion within minutes of Village living in the heart of the city A detached period family home within the city of Oxford within minutes of Oxford schools walking distance of Summertown

Guide Price £3,850,000 Guide Price £1,000,000 Guide Price £725,000

Cumnor Hill Central North Oxford Central North Oxford An impressive family home just over 2 A family home in a generous plot with A stunning brand property, within miles from Oxford city planning permission in North Oxford walking distance to Oxford city centre

SOLD Guide Price £1,375,000 SOLD Guide Price OIEO £950,000 SOLD Guide Price £1,350,000 1 UK NETWORK

1 Aberdeen 20 Hereford 13 2 Ascot * 21 Horsham 3 Basingstoke 22 Hungerford 4 Bath 23 Lauder 23 5 Beaconsfield 24 Leeds 27 6 Berkhamsted 25 London † 7 Birmingham 26 Manchester 8 Bristol 27 Newcastle 9 Cardiff 28 Oxford 10 Cheltenham 29 Sevenoaks 11 Cirencester 30 Sheffield 12 Cobham * 31 Sherborne 17 13 Edinburgh 32 Stratford-upon-Avon 24 14 Esher * 33 Sutton Coldfield 15 Exeter 34 Tunbridge Wells 16 Guildford 35 Virginia Water 26 17 Harrogate 36 Winchester 30 18 Haslemere 37 Worcester 19 Henley-on-Thames

* Lettings Service † 19 offices across Central London 33 7 32 37 20 28 5 6 10 19 2 25 9 8 11 22 14 4 35 12 29 3 16 34 36 21 18 Oxford 31 280 Banbury Road, 15 Oxford, OX2 7ED +44 (0)1865 790077 KnightFrank.co.uk

KnowingKnowing thethe bestbest Knowing the sunniest Knowing the new owners hiding places have all this to come The sale is in the detail.

To hear more about why the Bowrys who will appreciate it as much as you do. This is why, when it was time for Keith and Sally chose Knight Frank, visit our website or call 020 3641 9565. “Knight Frank understood the property… our home is all about the setting”. KnightFrank.co.uk/FranklySpeaking

Important Notice This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears. 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images are indicative only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT : The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC 305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.