Independent agent specialising in Residential Lettings and Property Management in Banbury, Oxfordshire, Warwickshire. I offer a professional but friendly service letting process.
Call: 07866 541857

Property market for Oxfordshire and surrounding areas

Tenants appear to be renting for longer these days and really settling into their homes, on average about three years, which is good news, and my longest tenant at the moment is just under 5 years. Although, one of my tenant find only landlords still has the same tenant that I found him in 2010, they moved in as a couple and now have a growing family.

Banbury and the surrounding areas is expanding very quickly, I have never seen so much new build in such great quantities before, and I am not impressed with the build quality of some these sites. I have visited quite a few sites in Banbury, Bodicote and Brackley and beside the build quality; the developers are still not building enough two-bedroom houses. As someone who is looking to buy a two-bedroom home my choice is severely limited with new two bedroom homes no bigger than a two bedroom flat and the best buy is a two-bedroom coach house, as long as you do not want a garden. The square footage on a new two bedroom home is on average about 630 sq. ft., where as a coach house is 762 sq. ft., plus they normally come with a garage underneath. There are ample three bedroom properties, with the third bedroom suitable for a cot or maybe a desk to use as an office, with just some at a push being able to get in a single bed. To my mind these are just two bedroom properties at three bedroom prices. New build homes appear to be getting smaller and some of the build as I have said above is not good, so be careful what you invest in. Interestingly, in my search for a new home, every pre home that I have viewed has been an ex rental property, so why are so many landlords selling up, could government legislation have something to do with it?

Please be aware that I do not hold CMP insurance as I do not hold client’s money and all tenants deposits are held with the Deposit Protection Service.

 

 

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Robins Way, Bodicote,
Banbury, OX15 4GD

Office. 01295 271339
(hours of business 09:00 – 17:00 Monday to Friday)
(09:00 – 13:00 on Saturday)

Mobile: 07866 541857

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