Releasing equity and Oxfordshire house prices
If you own a home in Oxfordshire you may be wondering how much it might be worth and what that might mean for you if you release equity. If you would like an informal chat or a visit to talk through the options available to you, the team at Access Equity Release would be delighted to help. We can visit you to ensure that you and your family fully understand the options available to consider. All advice will be specific to you and your family.
According to 2020 figures from Rightmove, the average property price in Oxfordshire was over £448,000. The majority of sales were detached homes, which sold for an average of over £617,000, whilst semi-detached homes made £391,000. Overall in 2020, prices were up by 8 per cent from 2019 and 7 per cent from the 2018 peak. Buyer demand in the area is at an all-time high and according to data, in some areas, they increased by over 32 per cent between August 2015 and August 2020. The biggest rises have been seen in Chalgrove, which is 10 miles from Oxford; Cowley, and Littlemore. The area appeals to buyers because of its great transport connections, stunning rural location, and bustling towns. With the world-famous University city surrounded by beautiful countryside, there are also countless charming villages, such as Banbury and Chipping Norton.
So if you bought a home back in the 90s or earlier, prices in some areas will have tripled since then. We can help you explore the various options that may be available to you.