Lime Walk or New High Street. Which Is Best?

Headington, Oxford is a very vibrant, popular town and invites its fair share of privately rented tenants. It was my interest in this location that urged me to carry out a bit of research and I was pleasantly surprised by my findings.

In the area, there are two particularly popular roads, Lime Walk and New High Street. On Lime Walk, 90% of the 149 households have moved since 1995. There is very little difference in New High Street. Of the 154 houses in this area there have been a total of 175 transactions in the same period. The average value of a property in Lime walk is £378,000, compared with New High Street at £318,000. Compare the two on growth from the turn of the millennium and both show an identical increase to 51% from 2000.
Similar so far then! Finally I looked at average rent from 2005. As follows:

Average rents

• 2005 - Lime Walk - £893pcm / New High Street - £896pcm
• 2007 - Lime Walk - £997pcm / New High Street - £994pcm
• 2009 - Lime Walk - £1099pcm / New High Street - £1051pcm
• 2011 - Lime Walk - £1297pcm / New High Street - £1152pcm
• 2013 - Lime Walk - £1348pcm / New High Street - £1398pcm

So I am calling this one a tie! There is a positive increase in market and rental value for both streets and both offer landlords a unique opportunity to invest. Currently there are 4 properties available in these streets for sale (and I can tell you all about one of them!) so now could be the time to make your move.

If you would like our advice when choosing a buy to let investment, please get in touch.


Best regards 
 
Richard