Posted 14 February 2006 - 04:50 PM
Large terrace down on Southmoor Rd with Knight Frank, total wreck, busy street, no parking and hard by another new development, 625K. Several offers over asking price.
We saw a place last year across the street, didn't have garden backing onto the canal but it was in similar nick - sold at 530K.
You can now buy a far better, bigger, classier house in West London for less money. Shame about Heathrow's constant drone of course, and the lingering air of menace after nightfall. But that would imply that it's not London sellers moving here.
But we're only talking about a few streets that attract the any-price buyers. There's stuff beyond the ring road and in the Cutteslowe catchment that can't sell at 450K.
James C Penny has a three-bed terrace on the same street for sale at 300K. It's a wreck, compared to the oh-so-typical-design-wannabe 700K house, smaller and no parking. But it is four hundred thousand pounds cheaper.
Somebody's gonna get suckered. It could be us with our money fading away in the savings accounts, or it could be the Cayenne drivers.
Call your bets...
Posted 09 March 2006 - 10:31 PM
I still think houses are overvalued but its hard to call when they will correct. In the meantime you're likely to loose out.
Posted 21 March 2006 - 04:01 PM
A war of attrition grinding away in this provincial backwater.
Flats are going but OX2 house sales must be at an all time low. Moribund. The very things that keep the town so expensive - its insularity, backwardness and unwarranted self-importance - are producing a perfect and resilient bubble, clamping down on any movement between the property bands.
If rates don't go up, 4 bed family houses in OX2 will quickly climb to well over a million and then sit there for years, with only one or two moving each month in a near static market.
Petrification, but high prices.
Right, I'm off to feed the ducks and sink a few in the Anchor.
Posted 21 March 2006 - 04:31 PM
The Anchor - you must live near me. What puzzles me about that pub is that it is surrounded by million pound homes yet it is deserted. Maybe things will improve since its gastro refit, or are the locals making cutbacks to save for their house deposits?
Posted 27 March 2006 - 03:58 PM
Been too depressed to post of late. UPDATE...looks like all four flats in the Staverton mansion house now under offer. Sob.
And the property section in the Oxford Times is getting thinner and thinner...
Posted 31 March 2006 - 07:52 AM
re: my post Jan 10th - aha...John D Wood hang your heads in shame. Same house in the paper this morning at 595K, 10% sliced from the asking. Buyers resist the drift outside the golden triangle and the outer villages are weakening. Still think they'll be lucky to clear 500.
Whereas...the three Frenchay Rd semis, from back in December, sale prices came through a few days ago.
895 for the stately three floor house, 800 - gadzooks - for the extended semi and 645 for the wreck.
Prices steely and rising still.
Posted 08 April 2006 - 01:14 PM
Posted 22 April 2006 - 11:15 PM
Posted 25 April 2006 - 09:25 PM
I don't want him to loose money, poor chap is fed up of the rat race and see's this as a way out! he's purchased 4btl's in oxford in 3 yrs, granted 2 are doing well in terms of appreciation. Hopefully I can convince him to sell before it's too late
Posted 28 April 2006 - 07:42 PM
Dead market still..dross holding in the high sixes but nobody wants it, nothing else coming on.
house we saw over in Jack Straws Lane last Autumn is suddenly back on.
Now this is a slummy executive bad taste stretch on the edge of Headington with a few attractive Victorian places. No services or shops within walking. Anyway, old coach house come up at 610K, needs some work but it's pretty. We offered 590K I think, even though it was a few miles to the east of where we wanted, and we're not medics so no need to be close to the vile cube monolith that is the Radcliffe.
Turned us down flat and the agent was smirking all the way to his two door beamer.
Bid frenzy up to 690K. Not worth the money but when people want something they overpay.
Anyway, the deal must have folded because today it's back on, still a bit of a wreck but now they want...
Oxford as a whole has gone down 9 percent this year according to the Halifax thread data. In OX2 they might get away with it, but I think they're struggling here.
And is that 690K plus the stamp?
Wonder how long this will linger...
Posted 28 April 2006 - 10:37 PM
Posted 04 June 2006 - 07:10 PM
Sorry Oxoniensis, been away from my desk.
Well, those phrases like "easy access" and "hotspot" in your post just troll me out baby. You don't sound like someone who wants to make a home here and who would naturally lament the fact that prices are crippling. Your St Clement's analysis is all too celebratory and banal - like a list of bullet points on a clipboard.
But if you're for real, then good luck. Personally, "hotspots" are the kiss of death to the few things I like about this town. I don't need any more portly, mid-30s, fleshy management types with their German cars moving in. So I would say, avoid the hotspots. Find a quiet corner with some local cranks and you'll have more of a home.
And on to my latest North Oxford dispatch...
After the bid frenzy around houses in December, agents have started pricing higher. House on Jack Straw's Lane - outside the zone but qualifies with medics I guess - came on at 610 last Autumn, bidded up and sold at 700. Deal must have fallen through as it's back on - at 700. Now under offer to some poor loon.
I was hoping that the excessive price rises might flatten the market, and it seems to be happening around Summertown. Places are sticking. Bad news is that high prices have brought a lot of landlords out and they're selling the family houses - three or four now on along Thorncliffe. More stock might be causing the sticking. Some agents are getting wise now - Buckell and Ballard - pricing low again and waiting for the offers to roll in. And here's the rub. Agents have learned that they can get a better price if they let a few buyers fight it out from a lower price.
Regards Norham Manor - nothing happening. One place on Southmoor at a stupid price and I think it's sticking. A few smaller places on the Golden Mile - Walton Street and extensions - but they don't seem to be flying either.
Will it all finally croak over the summer?