Property prices are soaring within the celebrity town of Chipping Norton.
© Copyright David Stowell and licensed for reuse under this Creative Commons Licence.
This bustling town, which sits in the Cotswold Hills, is home to Prime Minister, David Cameron and former Top Gear presenter, Jeremy Clarkson, along with many other recognisable faces.
Such celebrities have brought a lot of publicity to the area and have driven house prices in the OX7 postcode up by 16% in 2014.
Average property prices have increased from £340,000 in March 2013, to £395,000 12 months on, whilst the typical price of a detached home is £602,000. In 2010, when David Cameron came to power, a property was bought for £8m – the most expensive on record for the postcode. Property sales within the luxury end of the market have increased, from 5 sales in 2009 to 11 sales in 2011, for properties worth over £1m.
Many Londoners are purchasing, as they are able to commute from nearby stations, and many are purchasing a country retreat as a second home. With the General Election so close, it could boost popularity further, making it a good option to invest in properties within the OX7 postcode.
Our local Chancellors branch in Chipping Norton is certainly mirroring this trend and is experiencing a high demand for both properties to buy and to rent. To view our online listings of properties for sale and to rent.
Read full article here: http://www.telegraph.co.uk/finance/property/house-prices/11538028/The-celebrity-town-with-soaring-house-prices-ahead-of-the-general-election.html
Correct at time of publication. The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.
